315 1200Orem, UT 84058

Property Details for 315 1200

Year built

1984

Lot size

0.33 AC

Property size (Sq ft)

7,854 SF

Property type

Office properties

Property subtype

Office buildings

APN

18-047-0026

APU

180470026

Description

This exceptional two-story, Class B office building, totaling 7,854 square feet, is situated in Orem, Utah at 315 E 1200 S, APN 180470026. Built in 1984, the property offers a traditional office layout suitable for a variety of businesses. Currently, there are 2,500 square feet of vacant space available for lease within this single-building complex. The building features multiple tenancies, providing flexibility for businesses of different sizes. The available space presents a fantastic opportunity for businesses seeking a well-established location in Orem. The property's convenient location in Utah County offers easy access to major transportation routes and local amenities. A special incentive is available for new tenants: the first month's rent is free for leases of two years or longer. This is an excellent chance to secure a well-positioned office space in a thriving Utah County market. The property is classified as a traditional office building and consists of 7,854 total square feet across two stories.

• CAP approach

  CAP return

  Valuation

  6%

  $2,095,334

  6.5%

  $1,934,154

  7%

  $1,796,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,573,549

  Geo Method

  $1,573,549

• Alternative Use

  Use

  Valuation

  Residential

  $2,398,352

  Hospitality

  $2,196,877

  Educational

  $1,827,776

  Medical

  $1,890,636

  Retail

  $2,843,207

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.2756

Longitude

-111.688

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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