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Mixed-Use Investment Opportunity

7676 State St, Midvale, UT 84047

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For Sale

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Four commercial buildings on 1.29 acres with income potential.

Type:Industrial, Retail

Property size:

21,075 SF

Lot size:

1.29 Acres

Price / SF:

$301/SF

HighLights

Immediate in‑place cash flow with a current cap rate of approximately 6.3%.
Four commercial buildings on 1.29 acres, offering diverse income streams.
Two flex‑style buildings with 40 individual units, providing tenant expansion flexibility.
Fully renovated retail space equipped for restaurant use with a new hood, grease trap, restrooms, flooring, and lighting.
Restaurant building includes a newly executed 5‑year lease.
Strong upside potential through rent escalations or repositioning strategies.

We can help!

Contact an agent

Chris Metos

For Sale

Contact for pricing

Four commercial buildings on 1.29 acres with income potential.

Type:Industrial, Retail

Property size:

21,075 SF

Lot size:

1.29 Acres

Price / SF:

$301/SF

Added:: Feb 2, 2026
Days on Market:: 145
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 7676 State St

General Information

Standard status: Active
Size: 21,075 SF
Lot size: 1.29 Acres
Property subtype: Industrial, Retail

We can help!

Contact an agent

Chris Metos

Listing office InterNet Properties Inc

Listing date Feb 2, 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 InterNet Properties Inc

HighLights

Immediate in‑place cash flow with a current cap rate of approximately 6.3%.
Four commercial buildings on 1.29 acres, offering diverse income streams.
Two flex‑style buildings with 40 individual units, providing tenant expansion flexibility.
Fully renovated retail space equipped for restaurant use with a new hood, grease trap, restrooms, flooring, and lighting.
Restaurant building includes a newly executed 5‑year lease.
Strong upside potential through rent escalations or repositioning strategies.

Overview

This investment opportunity comprises four commercial buildings located on two parcels, totaling 1.29 acres. Two of the buildings are flex-style structures, encompassing 40 individual units. These units offer the flexibility to be combined, accommodating current or future tenant expansion needs. The remaining two buildings include a single-family residence and a fully renovated retail space. The retail space is now equipped for restaurant use, featuring a new hood, grease trap, restrooms, flooring, and lighting. The restaurant building has a newly executed 5-year lease. The asset provides immediate in-place cash flow with a current cap rate of approximately 6.3%, with upside potential through rent escalations or repositioning strategies. The property is located in Midvale, UT.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$462.8k	$21.96
− Vacancy	−$11.9k	−$0.56
EGI	$450.9k	$21.40
− OpEx	−$112.7k	−$5.35
NOI	$338.2k	$16.05

21,075 SF · lease $21.96/SF/yr · vacancy 2.57% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$4.83M

$4.23M – $5.64M (±1% cap)

NOI $338,185 @ 7.0% cap · market cap 5.33%

Second Best

Flex RnD

$4.73M

$4.14M – $5.51M (±1% cap)

NOI $330,882 @ 7.0% cap · market cap 5.21%

Theoretical Best

Multifamily LT 5

$280.62M

$245.54M – $327.39M (±1% cap)

NOI $19,643,497 @ 7.0% cap · market cap 309.35%

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

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Midvale
County: Salt Lake
State: Utah
Longitude: -111.8918893
Latitude: 40.6117902

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For sale
Mixed-use properties
UT
Midvale
84047
7676 State St

What type of property is this?

Mixed-use property - Four commercial buildings on 1.29 acres with income potential.

Where is this mixed-use property located?

The property is located at 7676 State St Midvale, UT.

What is the asking price?

The asking price for this property is $6,350,000.

What are key features of this property?

This property features: Immediate in‑place cash flow with a current cap rate of approximately 6.3%.; Four commercial buildings on 1.29 acres, offering diverse income streams.; Two flex‑style buildings with 40 individual units, providing tenant expansion flexibility.