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    Property profile & analytics
    OFF-MARKET
    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
    by Request
    Owner & transaction history
    Fancy Burger LLC · 1 yrs held
    Fancy Burger LLC
    since 2025
    7 recorded transactions
    2025
    2025
    2025
    2018
    2015
    2004
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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