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338 E State Road 338 E State Rd 37,588 SF 100% Leased Retail Building American Fork, UT 84003 $9,650,690 CAD ($256.75 CAD/SF) 6.97% Cap Rate
Investment Highlights
- 100% Leased
- Multi-tenant building
- 2% & 3% annual rental increase
Executive Summary
Retail Investment Opportunity. Price $7,000,000 | Cap Rate: 6.97% | NOI $487,739
The Calvary Church Building in American Fork, UT conveniently located on State Road, minutes from I-15.
The Calvary Church Building in American Fork, UT conveniently located on State Road, minutes from I-15.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$774,608
|
$20.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$774,608
|
$20.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$102,176
|
$2.72
|
| Net Operating Income |
$672,432
|
$17.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $774,608 |
| Annual Per SF | $20.61 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $774,608 |
| Annual Per SF | $20.61 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $102,176 |
| Annual Per SF | $2.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $672,432 |
| Annual Per SF | $17.89 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
37,588 SF
Building Class
C
Year Built
1998
Price
$9,650,690 CAD
Price Per SF
$256.75 CAD
Cap Rate
6.97%
NOI
$672,431 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
2.38 AC
Opportunity Zone
Yes
Zoning
CG1 - Commercial
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-012-0032 | Improvements Assessment | $5,953,973 CAD |
| Land Assessment | $2,076,307 CAD | Total Assessment | $8,030,280 CAD |
Property Taxes
Parcel Number
02-012-0032
Land Assessment
$2,076,307 CAD
Improvements Assessment
$5,953,973 CAD
Total Assessment
$8,030,280 CAD
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338 E State Road | 338 E State Rd
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