Commercial Land on State
For Sale
$799,000
7 E STATE ST, Lehi, UT 84043
Commercial land parcel situated in central Lehi along State Street.
Property Size1,898 SF
Days on Market136
Property Features for 7 E STATE ST
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Office
Building Details
Building Size
1,898 SF
Year Built
1898
Listing Agency:
Lift Realty
Listed By:
Spencer Clawson · License #6608967-PB00
(801) 636-8426
Source:
Liftrealty
Added: Jun 3
Changed: Oct 15
Last Checked: Oct 16 at 9:02AM
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 Lift Realty
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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.
This commercial land parcel is located at 7 E State St in Lehi, Utah. The property is identified as commercial land within the source classification and occupies a central Lehi location.
Key Highlights
- 7 E State St address in Lehi, UT 84043
- Commercial land classification
- Central Lehi location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,648
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,960
$533.0K
Cap Rate 7%
$380,686
$380.7K
Cap Rate 9%
$296,089
$296.1K
Market Conditions
NOI Build-Up for 1,898 SF
Gross rent
$45.6K $24.00/SF
− Vacancy
−$10.0K −$5.28/SF
EGI
$35.5K $18.72/SF
− OpEx
−$8.9K −$4.68/SF
NOI
$26.6K $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,960
Cap Rate 7%
$380,686
Cap Rate 9%
$296,089
Alternative Uses
Best Use
Office B
$380.7K
$333.1K – $444.1K
NOI $26,648 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.2K
$457.8K – $610.4K
NOI $36,624 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 84043, UT
76,954
Population
23,408
Households
3.3
Avg Household Size
26
Median Age
50%
College-Educated
97%
High-School Grad
31.1 sq mi
ZIP Area
2,474
Density / Sq Mi
$125,598
Median Household Income
$49,643
Median Earnings
$1,802
Median Rent
$567,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land parcel situated in central Lehi along State Street.
Where is this commercial land located?
The property is located at 7 E STATE ST Lehi, UT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 7 E State St address in Lehi, UT 84043; Commercial land classification; Central Lehi location
