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313-315 N State St 7,400 SF Retail Building Orem, UT 84057 $1,800,000 ($243.24/SF) 6.78% Cap Rate
Executive Summary
PLEASE DO NOT Exceptional investment opportunity in the heart of Utah County. This 100% leased multi-tenant retail building offers immediate, stable cash flow in one of Utah's fastest-growing commercial markets. Featuring strong visibility, convenient access, and a prime location surrounded by established businesses and continued residential growth, this property is well-positioned for long-term value and tenant demand. An ideal addition to any investment portfolio.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,400 SF
Building Class
B
Year Built/Renovated
2003/2023
Price
$1,800,000
Price Per SF
$243.24
Cap Rate
6.78%
NOI
$122,062
Tenancy
Single
Building Height
1 Story
Building FAR
0.71
Lot Size
0.24 AC
Zoning
C2 - Commercial C-2 Zoning
Parking
12 Spaces (1.62 Spaces per 1,000 SF Leased)
Frontage
117’ on North State Street
Amenities
- Bus Line
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Halo Venue LLC
- -
- -
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Halo Venue LLC | - | - | $9.99 | Lorem Ipsum | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 52-967-0003 | Improvements Assessment | $716,100 |
| Land Assessment | $303,500 | Total Assessment | $1,019,600 |
Property Taxes
Parcel Number
52-967-0003
Land Assessment
$303,500
Improvements Assessment
$716,100
Total Assessment
$1,019,600
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Contact the Sale Advisor
313-315 N State St