Two-Building Mixed-Use
354 S State Street, Clearfield, UT 84015
For Sale
Contact for pricing
Both commercial buildings are occupied, with on-site parking and four of six tenancies on month-to-month terms.
Property Size11,280 SF
Lot Size1.10 Acres
Price / SF$121.90
Days on Market11
Property Features for 354 S State Street
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Site & Location
Corner Location
Road Access
Additional Details
Asking Price
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Unity Group Real Estate
Listed By:
Andrew Ho
Source:
Crexi
Added: Oct 31
Changed: Nov 9
Last Checked: Nov 9 at 1:54PM
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 Unity Group Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two occupied commercial buildings with approximately 11,280 rentable square feet. Together, they sit on an approximately 1.10-acre corner parcel and have deep on-site parking. Four of the six tenancies are month-to-month.
The contiguous parcels have frontage on State Street in Clearfield, Utah.
The contiguous parcels have frontage on State Street in Clearfield, Utah.
Key Highlights
- Two occupied commercial buildings totaling ±11,280 rentable SF
- ±1.10‑acre corner property formed by three contiguous parcels
- State Street frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,748
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,334,960
$2.3M
Cap Rate 7%
$1,667,829
$1.7M
Cap Rate 9%
$1,297,200
$1.3M
Market Conditions
NOI Build-Up for 11,280 SF
Gross rent
$203.0K $18.00/SF
− Vacancy
−$16.2K −$1.44/SF
EGI
$186.8K $16.56/SF
− OpEx
−$70.0K −$6.21/SF
NOI
$116.7K $10.35/SF
Area
Davis County, UT
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,334,960
Cap Rate 7%
$1,667,829
Cap Rate 9%
$1,297,200
Alternative Uses
Best Use
Mixed Use
$1.67M
$1.46M – $1.95M
NOI $116,748 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,364 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 84015, UT
68,548
Population
23,058
Households
3
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
20.8 sq mi
ZIP Area
3,296
Density / Sq Mi
$92,634
Median Household Income
$43,208
Median Earnings
$1,385
Median Rent
$377,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Both commercial buildings are occupied, with on-site parking and four of six tenancies on month-to-month terms.
Where is this mixed-use property located?
The property is located at 354 S State Street Clearfield, UT.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Two occupied commercial buildings totaling ±11,280 rentable SF; ±1.10‑acre corner property formed by three contiguous parcels; State Street frontage
