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845 N State St 9,287 SF 100% Leased Retail Building Orem, UT 84057 $2,650,880 CAD ($285.44 CAD/SF) 8.22% Cap Rate
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)
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
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
$2,650,880 CAD
Price Per SF
$285.44 CAD
Cap Rate
8.22%
NOI
$217,902 CAD
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
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dojo Karate Studio
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Lavender Beauty Salon
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Nailist
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- STEPS Day Treatment Center
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dojo Karate Studio | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Lavender Beauty Salon | - | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Nailist | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| STEPS Day Treatment Center | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-039-0038 | Improvements Assessment | $1,283,022 CAD (2025) |
| Land Assessment | $934,364 CAD (2025) | Total Assessment | $2,217,387 CAD (2025) |
PROPERTY TAXES
Parcel Number
17-039-0038
Land Assessment
$934,364 CAD (2025)
Improvements Assessment
$1,283,022 CAD (2025)
Total Assessment
$2,217,387 CAD (2025)
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845 N State St
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