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1797 S STATE ST, Orem, UT — photo 11 / 15

$1,950,000

1797 S STATE ST, Orem, UT 84097

Subtype

Retail

Building SF

8,781

$/SF

$222

Lot

0.42 ac

Property Details

Property typeCommercial Sale
SubtypeRetail
Building SF8,781 sqft
Year built1967
Lot size0.42 acres
ZoningCommercial
Current useIndustrial,Retail,Office
Taxes (annual)$6,310
Days on market330
Listed2025-10-07T00:00:00+00:00

Description

Location is everything and it doesn't get much better than this! Situated right on State Street in the heart of Orem, & less than 10 minutes from I-15. This building has a retail store-front with plenty of office space, and warehouse in the back with 3-garage doors for easy delivery or shop space. Square footage figures are provided as a courtesy estimate only and were obtained from County Assessor. Buyer is advised to obtain an independent measurement.

Listed by Denise Mendenhall · Real Estate Essentials

Location

1797 S STATE ST, Orem, UT 84097

Cap Rate Calculator

Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.

Cap Rate

5.25%

$/SF

$222

GRM

11.8

Purchase price
$
Gross scheduled income
$/yr
Vacancy5%
Operating expense ratio35% ($55,112)
Effective gross income$157,463/yr
Operating expenses$55,112/yr
Derived NOI$102,351/yr

Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/2/2026, 7:01:39 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.