Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    225 W State St Lehi, UT

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Retail property for sale with seller financing in Lehi.

    Type:RETAIL
    Property size:
    842 SF
    Lot size:
    0.34 Acres
    Added:
    Jul 24, 2025
    Days on Market:
    252
    Last Refresh:
    Mar 29 at 10:25 pm

    Property Features for 225 W State St

    General Information

    Standard status
    Active
    Size
    842 SF
    Lot size
    0.34 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Richard Dodge
    Richard Dodge

    Listing agent Richard Dodge

    Listing office Colliers | Utah County

    Listing date Jul 24, 2025

    Source Moodyscre

    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 Colliers | Utah County

    Overview

    Retail Space Available For Sale

    This retail property offers 842 square feet of space and is available for sale. The seller is offering financing with $500,000 down, carrying $1,000,000 at 8.5% for 15 years, with a balloon payment at the end of the term. The property is located in Lehi, Utah.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rideout Motors Sales ... Car Dealership Point of the Mountain Chamber ... Business Service Center Lehi Area Chamber ... Business Service Center Huntin Country Car Dealership U-Haul Neighborhood Dealer Car Rental Facility

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lehi
    County
    Utah
    State
    Utah
    Longitude
    -111.853
    Latitude
    40.4006

    Nearby Similar for Sale

    • $1,600,000

      Upscale Lehi Commercial Investment Property

      High-visibility commercial property with strong income and established brand.
      61 W 3200 N unit: 61, Lehi, UT 84043
      View Details
    • $1,450,000

      Lehi Office Investment Opportunity

      Stable investment property with consistent income stream in Lehi.
      1220 North 500 West Street, Lehi, UT 84043
      View Details
    • $1,500,000
      5,212 SF

      Lehi Office Building For Sale

      Fully leased office building with stable income in Lehi.
      1220 North 500 West Street, Lehi, UT 84043
      View Details
    • $3,250,000
      3,000 SF

      NNN Leased Retail Opportunity

      NNN leased retail property with repositioning potential in Lehi, Utah.
      2120 N Triumph Blvd, Lehi, UT
      View Details
    • $1,319,040
      4,122 SF

      Lehi Office Condo For Sale

      Top floor office condo in Silicon Slopes with I-15 access.
      3051 W Maple Loop Dr, Lehi, UT
      View Details
    • $4,404,000
      3,844 SF

      Lehi Retail Investment Opportunity

      Nationally tenanted retail asset in Utah's Silicon Slopes.
      3450 Digital Dr, Lehi, UT
      View Details
    • $784,875
      2,415 SF

      Modern Office Space Available

      New build office space for sale near I-15.
      3668 W 2150 N St, Lehi, UT
      View Details
    • $1,115,725
      3,571 SF

      Modern Office Space Available

      New build office space for sale near I-15.
      3742 W 2150 N St, Lehi, UT
      View Details
    • $4,972,288
      15,446 SF

      Lehi Office Building For Sale

      Office building with I-15 frontage and covered parking.
      300 S 1350 E, Lehi, UT
      View Details
    • $16,500,000
      37,361 SF

      1.53 AC Tru Hotel by Hilton

      112-room Tru by Hilton hotel on 1.53 acres in Lehi, UT.
      1776 Ashton Blvd, Lehi, UT 84043
      View Details
    • $8,500,000
      26,700 SF

      Lehi Industrial Buildings For Sale

      Three industrial buildings totaling 26,700 SF on 1.64 acres.
      4275 N Thanksgiving Way, Lehi, UT
      View Details
    • $14,900,000
      73,172 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building with convenient access and great signage.
      525 S 850 E, Lehi, UT 84043
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail property for sale with seller financing in Lehi.
    Where is this retail space located?
    The property is located at 225 W State St Lehi, UT.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Seller financing available with $500,000 down.; Seller will carry $1,000,000 of the loan.; Interest rate of 8.5%.
    (801) 610-1300
    We can help!
    Listing Contact
    Richard Dodge
    Richard Dodge
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!