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845 N State St
Orem, UT 84057
Retail Property For Sale
Executive Summary
Great Value Add Opportunity!
.77 Acres
9,287 square feet split between two buildings
Existing Cap Rate of 3.17% with Proforma of 8.22%
Short term leases in place
One of the busiest intersections in Utah County
46,172 AADT on State Street
37,498 AADT on 800 North
Access from State Street and 800 North (Canyon Parkway)
.77 Acres
9,287 square feet split between two buildings
Existing Cap Rate of 3.17% with Proforma of 8.22%
Short term leases in place
One of the busiest intersections in Utah County
46,172 AADT on State Street
37,498 AADT on 800 North
Access from State Street and 800 North (Canyon Parkway)
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,287 SF
Building Class
B
Year Built
1987
Price
$1,900,000
Price Per SF
$204.59
Cap Rate
8.22%
NOI
$156,180
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.77 AC
Parking
14 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
101’ on N State
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 17-039-0038 | Improvements Assessment | $909,300 |
| Land Assessment | $662,200 | Total Assessment | $1,571,500 |
Property Taxes
Parcel Number
17-039-0038
Land Assessment
$662,200
Improvements Assessment
$909,300
Total Assessment
$1,571,500
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