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Property profile & analytics
OFF-MARKET
Strip malls
1116 State St, Orem, UT 84097-7101
Entity Owned
2-yr Hold
Free & Clear
Property ID
US86-0320408
Property summary
AI-generated overview
This exceptional 194-square-foot executive office suite is available for lease at 1116 S State St, Orem, UT 84097. Located in a Class C building (APN 18:047:0016) constructed in 1938, this single-story property offers a convenient and productive work environment. The suite includes a private restroom, adding to its exclusivity and convenience. Its strategic location just off State Street provides easy access to I-15, University Mall, and a wide array of restaurants and retail options. The total building size is 696 square feet, with multiple tenancies. The monthly rent is $600, with additional monthly CAM fees of $102.82. Utilities are included. This space is ideal for an individual or small business seeking a private and efficient workspace. The property is easily accessible and situated in a vibrant commercial area. This is a fantastic opportunity to secure a well-located, private office suite in a thriving Orem community.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Total area
4,494 SF
Lot
0.53 ac (23,087 SF)
APN
18-047-0016
UPID
US86-0320408
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Choice Insurance Service UT Insurance Agency
-
Mountainlands Area Plan Room Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nash 1100 LLC · 2 yrs held
Nash 1100 LLC
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$705
Tax year 2023
Assessed value
$710,100
Assessed 2023
Previous assessed
$710,100
+0.0% YoY
Effective rate
0.10%
On assessed value
Land market value
$391,700
Improvement market value
$318,400
Total market value
$710,100
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
5
Bathrooms
1
Total area
4,494 SF
Lot
0.53 ac (23,087 SF)
APN
18-047-0016
UPID
US86-0320408
Jurisdiction
UTAH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Nash 1100 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
11428 S CASTLE RDG DR, SANDY, UT 84092-5544
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
—
Nash 1100 LLC
Plaza Eleven Hundred
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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