Orem Mixed-Use Property For
For Sale
$1,750,000
1797 S State St, Orem, UT 84057
Retail storefront with warehouse space and fenced yard.
Property Size8,781 SF
Price / SF$199.29
Days on Market366
Property Features for 1797 S State St
General Information
Standard status
Active
Size
8,781 SF
Taxes and HOA fees
Annual Taxes
$6,310
Listing Agency:
Real Estate Essentials
(801) 610-9563
Listed By:
Denise Mendenhall · License #12178051-SA00
(801) 916-1181
Source:
Exprealty
Added: Oct 7, 2025
Changed: Oct 1
Last Checked: Oct 5 at 11:03PM
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 Real Estate Essentials
Investment Insights
Based on property information with market context.
Located on State Street in Orem, this mixed-use property features a retail storefront with warehouse and workshop space in the back. The property includes a small fenced yard. It is situated less than 10 minutes from I-15. The property size is 8781 square feet.
Key Highlights
- Prime location on State Street in Orem
- Retail storefront with warehouse/workshop space
- Less than 10 minutes from I‑15
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,978
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,939,560
$2.9M
Cap Rate 7%
$2,099,686
$2.1M
Cap Rate 9%
$1,633,089
$1.6M
Market Conditions
NOI Build-Up for 8,781 SF
Gross rent
$219.2K $24.96/SF
− Vacancy
−$9.2K −$1.05/SF
EGI
$210.0K $23.91/SF
− OpEx
−$63.0K −$7.17/SF
NOI
$147.0K $16.74/SF
Area
Utah County, UT
Vacancy
4.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,939,560
Cap Rate 7%
$2,099,686
Cap Rate 9%
$1,633,089
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.45M
NOI $146,978 @ 7.0% cap · market cap 8.40%
Second Best
Warehouse
$1.21M
$1.06M – $1.42M
NOI $84,909 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,438 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Explore this area
Business Placement
Demographics for 84057, UT
38,401
Population
12,246
Households
3.1
Avg Household Size
29
Median Age
39%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
6,194
Density / Sq Mi
$80,184
Median Household Income
$36,429
Median Earnings
$1,408
Median Rent
$398,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail storefront with warehouse space and fenced yard.
Where is this mixed-use property located?
The property is located at 1797 S State St Orem, UT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime location on State Street in Orem; Retail storefront with warehouse/workshop space; Less than 10 minutes from I‑15
