835 400Orem, UT 84057

Property Details for 835 400

Year built

1970

Lot size

0.19 AC

Property size (Sq ft)

1,064 SF

Property type

Office properties

Property subtype

Office buildings

APN

18-010-0030

APU

180100030

Description

This exceptional 0.19-acre retail property located at 835 400, Orem, UT, presents a compelling investment opportunity. The recently remodeled brick building boasts high visibility and convenient freeway access, making it an ideal location for a variety of businesses. Currently zoned C2, the property offers considerable flexibility in its potential uses. It's currently generating a strong rental income of $3,800 per month, with the tenant responsible for all utilities. The existing tenant is keen to remain, providing immediate cash flow, but the property could also be vacated to suit a new owner's needs. Ample parking is available on-site, further enhancing the property's appeal. The building's history includes use as an auto dealership and a spa/beauty salon, demonstrating its adaptability to diverse commercial ventures. The asking price is $749,000, and the seller is open to offering financing options with a 25% down payment. This presents a rare chance to acquire a well-located, income-producing property in a thriving Utah market. The combination of strong rental income, flexible zoning, and seller financing makes this an attractive proposition for savvy investors seeking a solid return on investment. Don't miss this chance to secure a prime retail space in a desirable Orem location.

• CAP approach

  CAP return

  Valuation

  6%

  $283,860

  6.5%

  $262,024

  7%

  $243,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $213,172

  Geo Method

  $213,172

• Alternative Use

  Use

  Valuation

  Residential

  $324,910

  Hospitality

  $297,616

  Educational

  $247,613

  Medical

  $256,129

  Retail

  $385,176

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.3042

Longitude

-111.716

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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