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    8164 State St Midvale, UT 84047-3245
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    8164 State St Midvale, UT 84047-3245

    View on Map
    • Retail space
    • 8,000 SF
    • 0.99 lot acres
    Off-Market
    Property ID
    US86-0382499
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 8164 State St

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.99 lot acres
    Property size
    8,000 SF
    Zone code
    SS
    Property type
    Retail space
    APN
    21-36-283-022
    APU
    2136283022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $804,000
      Market price range: $383k - $924k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $620,000
      Current use
      RESTAURANT
      $855,000
      Change: +39% Conversion: Easy
      AUTO REPAIR, GARAGE
      $840,000
      Change: +36% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $825,000
      Change: +34% Conversion: Easy
      WAREHOUSE, STORAGE
      $605,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midvale
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.891
    Latitude
    40.6027
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $19,980
    $731,500
    $1,086,000
    $1,817,500
    -
    $731,500
    $1,086,000
    $1,817,500

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

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      RETAIL STORES (PERSONAL SERVICES) • 0.02 Acres
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    • Value Estimation by Request
      0.02 Acres

      886 Ft Un Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.02 Acres
      886 Ft Un Blvd, Midvale, UT 84047-1745
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    • Value Estimation
      $2,390,000
      44,981 SF

      145 7200th S

      RETAIL STORES (PERSONAL SERVICES) • 44,981 SF
      145 7200th S, Midvale, UT 84047-3722
      View Details
    • Value Estimation by Request
      870 SF

      682 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 870 SF
      682 Ctr St, Midvale, UT 84047-7124
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    • Value Estimation by Request
      0.04 Acres

      7696 Main St

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
      7696 Main St, Midvale, UT 84047-7106
      View Details
    • Value Estimation
      $1,080,000
      18,751 SF

      6990 State St

      RETAIL STORES (PERSONAL SERVICES) • 18,751 SF
      6990 State St, Midvale, UT 84047-1213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,921 SF

      Retail Space Near Transit Stop

      Retail space with convenient access to transit and major highways.
      25-47 Fort Union Blvd, Midvale, UT 84047
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    • $6,350,000
      21,075 SF

      Mixed-Use Investment Opportunity

      Four commercial buildings on 1.29 acres with income potential.
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      Versatile Commercial Buildings Investment Opportunity

      Four commercial buildings on 1.29 acres with income potential.
      7676-7680 S State St, Midvale, UT 84047
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    • $1,500,000
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      Turn-Key Business Opportunity in Midvale

      Established business for sale with building, land, license, and assets.
      7654 S Main St, Midvale, UT 84047
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    • Contact for pricing
      7,128 SF

      Union Park Commercial Office Condos

      Six commercial office condos in Union Park, all leased.
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    • $5,750,000
      9,050 SF

      Multi-Tenant Investment Property For Sale

      Multi-tenant investment property with national tenants in Midvale, Utah.
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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Fort Union

      1,500 SF retail space with front and back entrances.
      579-589 E Fort Union Blvd, Midvale, UT 84047
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    • $16 SF/Yr

      Main Street Retail/Office Space

      Convertible retail/office space in downtown Midvale with parking.
      7676 S Main St, Salt Lake City, UT 84047
      View Details
    • Contact for pricing

      Creative Retail/Office Space Available

      Creative retail or office space in up-and-coming Midvale area.
      7624 S Main St, Midvale, UT 84047
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    • Contact for pricing
      4,346 SF

      Retail Space with High Traffic

      Retail spaces available with great access and high traffic.
      75 E Fort Union Blvd, Midvale, UT 84047
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    • Contact for pricing
      4,570 SF

      Retail Space in High-Traffic Area

      Retail space in a densely populated area with highway access.
      715-785 E Fort Union Blvd, Midvale, UT 84047
      View Details
    • Contact for pricing
      2,215 SF

      Retail Space in Midvale Center

      Retail spaces available in a shopping center anchored by Walmart.
      1076-1110 E Fort Union Blvd, Midvale, UT 84047
      View Details
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    8164 State St
    Midvale, UT 84047-3245
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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