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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 4.50% 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 4.50% 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
$2,603,779 CAD
Price Per SF
$280.37 CAD
Cap Rate
8.22%
NOI
$214,031 CAD
Percent Leased
81%
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 | $1,264,454 CAD |
| Land Assessment | $920,842 CAD | Total Assessment | $2,185,297 CAD |
Property Taxes
Parcel Number
17-039-0038
Land Assessment
$920,842 CAD
Improvements Assessment
$1,264,454 CAD
Total Assessment
$2,185,297 CAD
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