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Property profile & analytics
OFF-MARKET
Commercial real estate

489 State St Hurricane, UT 84737-1969

18,756 SF 1.08 ac lot Built 1981
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US86-0176989
Property summary
AI-generated overview

This exceptional retail investment opportunity presents a 18,756 square foot shopping center ideally situated at 489 W State St, Hurricane, UT 84737. Built in 1981, the property boasts a sturdy masonry construction and sits on a sizable 1.08-acre lot. The main building comprises 12,400 square feet, complemented by substantial additions on both the east and west sides, totaling an additional 6,356 square feet. Currently, the property offers ample parking with 42 stalls. A unique aspect of this property is its potential for significant parking expansion. Should the east and west additions be removed, the site could accommodate an additional 68 parking spaces, significantly enhancing its appeal and functionality. This presents a versatile opportunity for redevelopment or continued operation as a thriving retail center. The property's location in Hurricane, Washington County, Utah, offers excellent access and visibility, making it an attractive proposition for investors seeking a strong return in a growing market. The property's size and adaptable layout provide significant potential for a variety of retail uses. This is a rare chance to acquire a well-established retail center with considerable upside potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,756 SF
Lot 1.08 ac (47,045 SF)
APN H-260
UPID US86-0176989
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
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
State Street Properties LLC
State Street Properties LLC
since 2025
6 recorded transactions
2026
Price N/A
2025
Price N/A
2017
Price N/A
2012
Price N/A
2011
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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