Car Dealership Opportunity on
165 S State St Lindon, UT 84042
165 S State St, Lindon, UT, 84042
Contact for pricing
For Sale
Contact for pricing
Car dealership property with building and large parking lot.
Property Size6,821 SF
Lot Size1.15 Acres
Price / SF$535.11
Days on Market1183
Property Features for 165 S State St
General Information
- Standard status
- Active
- Size
- 6,821 SF
- Lot size
- 1.15 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing agency
Real Estate Essentials Commercial
Listed by
Karen Knuttgen · License #UT 11622509-SA00
Source
Crexi
Added: Apr 27, 2023 Updated: Jul 6 at 7:55AM Checked: Jul 21 at 7:24AM
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 Real Estate Essentials Commercial
Investment Insights
Based on property information with market context.
This property, suitable for a new car dealership, is located off State Street and benefits from high visibility and foot traffic. The property includes a 6,821 square foot building equipped with a forklift, auto-lift, service bays, an alarm system, and security sighting. Additionally, there is a paved surface parking lot with space for 200 cars. The site totals 1.15 acres, encompassing two parcels that will be sold together. The property can be owner-occupied, and the current owner may require a few months to relocate.
Key Highlights
- High‑visibility location off State Street with significant foot traffic, ideal for a car dealership
- Large paved parking lot with capacity for 200 cars
- 6,821 SF building equipped with forklift, auto‑lift, and service bays
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.3k | $24.96 |
| − Vacancy | −$7.2k | −$1.05 |
| EGI | $163.1k | $23.91 |
| − OpEx | −$48.9k | −$7.17 |
| NOI | $114.2k | $16.74 |
6,821 SF · lease $24.96/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.90M
NOI $114,171 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$776.0K
$679.0K – $905.3K
NOI $54,317 @ 7.0% cap · market cap 1.49%
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,618 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Planet Auto Sales
Car Dealership
Tavo's Carpet & Flooring ...
Big Box & Wholesale Store
Branch Brothers AC ...
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Enterprise Rent-A-Car — 1447 N State St, Orem, UT 84057
- Enterprise Truck Rental — 1447 N State St, Orem, UT 84057
- U-Haul Neighborhood Dealer — 450 W 1600 N, Orem, UT 84057
- NuBlack LLC — 350 S 400 W Suite 101, Lindon, UT 84042
FAQs
What type of property is this?
Automotive property - Car dealership property with building and large parking lot.
Where is this automotive property located?
The property is located at 165 S State St Lindon, UT.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: High‑visibility location off State Street with significant foot traffic, ideal for a car dealership; Large paved parking lot with capacity for 200 cars; **6,821 SF building equipped with forklift, auto‑lift, and service bays**
