Retail Space in Hurricane,
1141 W State #3 St, Hurricane, UT 84737
New
COMMERCIAL - Hurricane, UT
Property size:
3,240 SFLot size:
0.04 AcresPrice / SF:
$244/SF- Added:
- May 26, 2026
- Days on Market:
- 3
- Last Refresh:
- May 28 at 5:06 pm
Property Features for 1141 W State #3 St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- H-GCP-1-3
- Size
- 3,240 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2823
Building Details
- Year built
- 2000
- Floors in Building
- 2
Listing agent J TURD'L MILLER (435) 862-7148
Listing office COLDWELL BANKER PREMIER REALTY 157 E Riverside Dr Ste 1A, St George, UT (435) 628-6700
Listing date May 26, 2026
MLS# 26-272785
Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Leased retail space in a popular downtown shopping center.
- Main floor includes two built‑in coolers (200 sq ft), ADA bathroom, and retail/storage areas.
- Fully finished basement with separate rear entrance, bathroom, office, and built‑in cooler (200 sq ft).
- Basement has potential for conversion into a separate subleased unit.
- Rear entrance on both main floor and basement.
- Built in 2000.
Overview
This is a leased retail space located in a popular shopping center in downtown Hurricane, UT. The main floor is built out to include two built-in coolers, each measuring 200 square feet, an ADA-compliant bathroom, a rear entrance, and both retail and storage areas. The fully finished basement features a separate rear entrance, a bathroom, an office, and an additional built-in cooler of 200 square feet. The basement has the potential to be converted into a separate unit for subleasing. The property has a total size of 3240 square feet and is situated on a lot of 0.04 acres.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$443.6K
NOI $39,926 @ 9.00% cap · cautious / downside scenario
Moderate
$570.4K
NOI $39,926 @ 7.00% cap · market / base-case scenario
Aggressive
$798.5K
NOI $39,926 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.3k | $18.00 |
| − Vacancy | −$1.3k | −$0.40 |
| EGI | $57.0k | $17.60 |
| − OpEx | −$17.1k | −$5.28 |
| NOI | $39.9k | $12.32 |
3,240 SF · lease $18.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$570.4K
$499.1K – $665.4K
NOI $39,926 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$892.2K
$780.7K – $1.04M
NOI $62,455 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Map
- City
- Hurricane
- County
- Washington
- State
- Utah
- Longitude
- -113.308333
- Latitude
- 37.175781
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Leased retail space in downtown Hurricane shopping center.
Where is this retail space located?
The property is located at 1141 W State #3 St Hurricane, UT.
What is the asking price?
The asking price for this property is $793,000.
What are key features of this property?
This property features: Leased retail space in a popular downtown shopping center.; Main floor includes two built‑in coolers (200 sq ft), ADA bathroom, and retail/storage areas.; Fully finished basement with separate rear entrance, bathroom, office, and built‑in cooler (200 sq ft).
