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Property profile & analytics
OFF-MARKET Estimated value $550,000
Retail space

1132 State St Orem, UT 84097-7101

3,635 SF 0.51 ac lot Built 1940
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US86-0204462
Property summary
AI-generated overview

This exceptional retail property, located at 1132 State Street in Orem, Utah, presents a unique investment opportunity. Boasting a prominent State Street location, this 0.52-acre lot offers unparalleled visibility and accessibility. Currently occupied by a dress shop, the C-2 zoning allows for a wide range of uses, including automotive and storage facilities. The building's strategic position across from University Mall, Trader Joe's, and Mrs. Cavanaugh's Chocolates ensures high foot traffic and exposure to a substantial customer base. The property features ample space, including a sizable basement ideal for fulfillment operations or additional storage. This basement area is also available for lease, offering the potential for two separate businesses to operate within the same building. Convenient front and back entrances enhance operational efficiency. The property benefits from prominent State Street signage, maximizing visibility and brand recognition. The current lease rate is $12 per square foot, modified gross. This property is perfect for an established business seeking relocation or an entrepreneur looking to establish a new venture in a thriving commercial area. Serious inquiries only, appointments required. Do not disturb tenants.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Total area 3,635 SF
Lot 0.51 ac (22,390 SF)
APN 18-047-0072
UPID US86-0204462
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
  • Coy's Racing Auto Repair Shop Vehicle Inspection Center
  • ENCORE FORMALS (Formerly Dress Collective) Clothing & Fashion Store
  • Pebbles in my Pocket (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k
Owner & transaction history
Fancy Burger LLC · 1 yrs held
Fancy Burger LLC
since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2025
Price N/A
2018
Price N/A
2015
Price N/A
2004
Price N/A
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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