Storefront with Open Retail
New
For Sale
$1,750,000
418 N STATE ST, Orem, UT 84057
Four entry points and a parking-lot pass-through accommodate varied customer and delivery access.
Property Size7,500 SF
Days on Market6
Property Features for 418 N STATE ST
General Information
Standard status
Active
Size
7,500 SF
Taxes and HOA fees
Annual Taxes
$6,720
Building Details
Building Size
7,500 SF
Year Built
1974
Buildings
1
Listed By:
Aric Wiszt
(801) 228-7687
Source:
Evrealestate
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 28 at 8:26AM
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 Aric Wiszt
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Investment Insights
Based on property information with market context.
This 1974 storefront in Orem has a large, open retail floorplan, two man doors, an electric sliding door, and a roll-up door. A new roof is currently being installed. The property also includes a large marquee sign and a parking lot with pass-through access, supporting circulation for larger trucks and trailers.
Key Highlights
- Open retail floorplan with two man doors, one electric sliding door and one roll‑up door
- Parking lot pass‑through provides circulation for larger trucks and trailers
- Large marquee sign
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,536
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,510,720
$2.5M
Cap Rate 7%
$1,793,371
$1.8M
Cap Rate 9%
$1,394,844
$1.4M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$187.2K $24.96/SF
− Vacancy
−$7.9K −$1.05/SF
EGI
$179.3K $23.91/SF
− OpEx
−$53.8K −$7.17/SF
NOI
$125.5K $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%
$2,510,720
Cap Rate 7%
$1,793,371
Cap Rate 9%
$1,394,844
Alternative Uses
Best Use
Retail
$1.79M
$1.57M – $2.09M
NOI $125,536 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,720 @ 7.0% cap · market cap 8.27%
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
Location Intelligence
Trade Area within ½ mile
1,710
Businesses Nearby
218k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 38%
Apparel 10%
Home Improvements & Furnishings 7%
Chick-fil-A
Dining
47,154 visits/mo
0.4 miles
Dollar Tree
Shops & Services
32,232 visits/mo
0.1 miles
Savers Thrift Store
Apparel
21,037 visits/mo
0.4 miles
Maverik Adventures First Stop
Shops & Services
18,806 visits/mo
0.5 miles
Denny's
Dining
12,105 visits/mo
0.1 miles
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
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Orem Floral & Gift — 101 S State St, Orem, UT 84058
Frequently Asked Questions
What type of property is this?
Storefront property - Four entry points and a parking-lot pass-through accommodate varied customer and delivery access.
Where is this storefront property located?
The property is located at 418 N 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: Open retail floorplan with two man doors, one electric sliding door and one roll‑up door; Parking lot pass‑through provides circulation for larger trucks and trailers; Large marquee sign
