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338 E State Road 338 E State Rd 37,588 SF 93% Leased Retail Building American Fork, UT 84003 $9,726,640 CAD ($258.77 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 |
$780,705
|
$20.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$780,705
|
$20.77
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$102,980
|
$2.74
|
| Net Operating Income |
$677,725
|
$18.03
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $780,705 |
| Annual Per SF | $20.77 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $780,705 |
| Annual Per SF | $20.77 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $102,980 |
| Annual Per SF | $2.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $677,725 |
| Annual Per SF | $18.03 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
37,588 SF
Building Class
C
Year Built
1998
Price
$9,726,640 CAD
Price Per SF
$258.77 CAD
Cap Rate
6.97%
NOI
$677,723 CAD
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
2.38 AC
Opportunity Zone
Yes
Zoning
CG1 - Commercial
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Approximately 2,712 SF Call agent with any questions or for access.? Andrew Cuppett 801-694-7723
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,712 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 2,712 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 2,712 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Approximately 2,712 SF Call agent with any questions or for access.? Andrew Cuppett 801-694-7723
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 | $4,873,464 CAD (2026) |
| Land Assessment | $2,162,510 CAD (2026) | Total Assessment | $7,035,974 CAD (2026) |
Property Taxes
Parcel Number
02-012-0032
Land Assessment
$2,162,510 CAD (2026)
Improvements Assessment
$4,873,464 CAD (2026)
Total Assessment
$7,035,974 CAD (2026)
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338 E State Road | 338 E State Rd
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