Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Build-to-Suit Commercial Land Site Title is generated by Realmo AI

    514 South State Street, Orem, UT 84058

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    BTS site on 0.6 acres along State Street for retail, office, or light industrial with lease terms tailored to your buildout.

    Type:Land, Special Purpose
    Lot size:
    0.60 Acres
    Added:
    May 31, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 3:07 am

    Property Features for 514 South State Street

    General Information

    Standard status
    Active
    Lot size
    0.60 Acres
    Property subtype
    Land, Special Purpose

    Spaces For Lease

    at 514 South State Street Contact us

    We can help!

    Listing Contact
    Matt Sumsion

    Listing agent Matt Sumsion License #10348918-SA00

    Listing office Sumsion Real Estate

    Listing date May 31, 2026

    Source Crexi

    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 Sumsion Real Estate

    HighLights

    • Prime build‑to‑suit lease (BTS) opportunity on 0.6 acres along State Street in Orem
    • BTS site designed for retail, office, or light industrial use
    • Lease terms and improvements tailored to the tenant’s specific needs and buildout requirements
    • High daily traffic counts and strong visibility along State Street
    • Easy accessibility for occupants and customers
    • Lease price negotiated based on tenant use and buildout requirements

    Overview

    This is a prime build-to-suit lease opportunity on a 0.6-acre commercial land parcel. Ownership will work directly with a qualified tenant to tailor lease terms and improvements to support a purpose-built development aligned with the tenant’s specific needs.

    The site is positioned along State Street in Orem, Utah County’s recognized commercial corridor, with high daily traffic counts. The location is described as offering strong visibility and easy accessibility, supporting commercial uses that benefit from drive-up and frontage presence. Lease pricing is negotiated based on the tenant’s intended use and required buildout.

    For prospective tenants and operators, the property is being marketed as suitable for retail, office, or light industrial development. Because it is offered on a build-to-suit basis, it can be considered by users who want to align site improvements with their operational requirements rather than fitting into an existing building. Interested parties should contact the listing agent for additional terms, development parameters, and how the lease and improvements are structured for the proposed use.
    Location Intelligence

    Current Use by Public Records

    Barri Agent Bank Boost Mobile Mobile Phone Store AutoPlace LLC Car Dealership AutoPlace Car Dealership

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.6916406
    Latitude
    40.2881562

    Nearby Similar for Lease

    • Contact for pricing

      Orem Rambler-Style Office Building

      Well-maintained office building with finished basement in prime location.
      1379 S 740 E, Orem, UT 84097
      View Details
    • $2,057/Mo
      2,057 SF

      Turnkey Restaurant Kitchen Space

      Second-generation restaurant with existing hood system, storefront glass, and ADA restrooms for food prep and service concepts.
      122 S State St, Orem, UT 84058
      View Details
    • $1,500/Mo
      1,500 SF

      Orem Flex/Retail Space Available

      1,500 SF flex/retail space with GL door in Orem.
      1292 635 S, Orem, UT 84058
      View Details
    • $1,500/Mo
      1,500 SF

      Orem Flex Retail Space Available

      1500 SF flex/retail space with 3-phase power.
      1300 635 S, Orem, UT 84058
      View Details
    • $975/Mo
      975 SF

      Retail Storefront Space

      For lease retail storefront space sized for small-format businesses and neighborhood services.
      1464 N State St, Orem, UT 84057
      View Details
    • $2,510/Mo
      2,510 SF

      Orem Medical Suite For Rent

      Functional medical suite available in Orem starting 06/01/2026.
      1415 S State St, Orem, UT 84097
      View Details
    • $3,485/Mo
      2,395 SF

      Office/Warehouse Space Available

      2395 SF office/warehouse space available for lease.
      11-1280 S 1380 W, Orem, UT
      View Details
    • $20 SF/Yr
      1,281 SF

      Retail Space on State Street

      Retail space available in Orem on State Street.
      1405-1431 S State St, Orem, UT
      View Details
    • $400/Mo
      496,091 SF

      Furnished Mini Suites for Lease

      Furnished suites for 1-10 people, shared amenities, expansion potential.
      750-799 Technology Ave, Orem, UT
      View Details
    • Contact for pricing
      30,000 SF

      Certified Nutraceutical/Food Production Facility

      30,000 SF certified production facility in Orem, Utah.
      657 N 1500 W, Orem, UT 84057
      View Details
    • $26 SF/Yr
      3,510 SF

      Retail Space in Power Center

      Retail space available in a busy power center.
      293-394 E University Pkwy, Orem, UT
      View Details
    • $14 SF/Yr
      960 SF

      Orem Office Space For Rent

      960 SF office space available in Orem, Utah.
      839 S 220 E, Orem, UT
      View Details

    FAQs

    What type of property is this?
    Commercial land - BTS site on 0.6 acres along State Street for retail, office, or light industrial with lease terms tailored to your buildout.
    Where is this commercial land located?
    The property is located at 514 South State Street Orem, UT.
    What are key features of this property?
    This property features: Prime build‑to‑suit lease (BTS) opportunity on 0.6 acres along State Street in Orem; BTS site designed for retail, office, or light industrial use; Lease terms and improvements tailored to the tenant’s specific needs and buildout requirements
    (801) 616-9164 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Sumsion
    Real Estate License ID: 10348918-SA00
    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

    Thank You for Inquiry
    514 South State Street, Orem, UT 84058
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!