Remodeled Retail Space with Pole
For Sale
Contact for pricing
1632-1658 S State St, Orem, UT 84097
Available retail space in a largely remodeled building, with a state street pole sign available and NNN lease structure.
Property Size37,912 SF
Price / SF$215
Days on Market1252
Property Features for 1632-1658 S State St
General Information
Standard status
Active
Size
37,912 SF
Property subtype
RETAIL
Additional Details
Asking Price
$8,151,080
Pylon Signage
Yes
Amenities
state street pole sign
Building Details
Building Size
37,912 SF
Listing Agency:
Mountain West - Corporate
(385) 233-9142
Listed By:
Shad Webb
Source:
Moodyscre
Added: Feb 24, 2023
Changed: Jul 29
Last Checked: Jul 30 at 1:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mountain West - Corporate
Investment Insights
Based on property information with market context.
Available retail space is offered within a building that has undergone remodeling across the majority of the space. The offering is described as being well-suited for uses such as summer sales, a gym, or professional office use, with an NNN lease structure noted for the available tenancy.
The building contains 37,912 SF total, with 3,800 SF available. A state street pole sign is available, providing an additional form of visibility. The property is located about 4 minutes from Utah Valley Hospital and is minutes from both BYU and UVU, with many nearby amenities and services.
With most of the building remodeled and an available pole sign, the space is positioned for tenants seeking a refreshed interior and prominent roadside advertising support.
The building contains 37,912 SF total, with 3,800 SF available. A state street pole sign is available, providing an additional form of visibility. The property is located about 4 minutes from Utah Valley Hospital and is minutes from both BYU and UVU, with many nearby amenities and services.
With most of the building remodeled and an available pole sign, the space is positioned for tenants seeking a refreshed interior and prominent roadside advertising support.
Key Highlights
- 3,800 SF available retail space within 37,912 SF building
- Majority of the building has been remodeled
- State street pole sign available
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $946.3k | $24.96 |
| − Vacancy | −$39.7k | −$1.05 |
| EGI | $906.5k | $23.91 |
| − OpEx | −$272.0k | −$7.17 |
| NOI | $634.6k | $16.74 |
37,912 SF · lease $24.96/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.07M
$7.93M – $10.58M
NOI $634,578 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.45M
$9.14M – $12.19M
NOI $731,550 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,157
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 31%
Groceries 19%
Apparel 13%
Sprouts Farmers Market
Groceries
14,817 visits/mo
0.4 miles
Panda Express
Dining
8,819 visits/mo
0.5 miles
Shell
Shops & Services
6,899 visits/mo
0.2 miles
Yogurtland
Dining
6,751 visits/mo
0.5 miles
Discount Tire Store
Shops & Services
5,843 visits/mo
0.4 miles
Demographics for 84097, UT
23,038
Population
7,237
Households
3.2
Avg Household Size
30
Median Age
50%
College-Educated
98%
High-School Grad
6.0 sq mi
ZIP Area
3,840
Density / Sq Mi
$97,034
Median Household Income
$34,536
Median Earnings
$1,414
Median Rent
$506,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Available retail space in a largely remodeled building, with a state street pole sign available and NNN lease structure.
Where is this retail space located?
The property is located at 1632-1658 S State St Orem, UT.
What is the asking price?
The asking price for this property is $8,151,080.
What are key features of this property?
This property features: 3,800 SF available retail space within 37,912 SF building; Majority of the building has been remodeled; State street pole sign available
