508 800Orem, UT 84057

Property Details for 508 800

Year built

1999

Lot size

0.07 AC

Property size (Sq ft)

3,674 SF

Property type

Office buildings

APN

52-778-0026

APU

527780026

Description

This exceptional 9,595 square foot traditional office building presents a unique owner-user opportunity in Orem, Utah. Located at 508 W 800 N, 84057, this 2006-built property sits on a 0.18-acre lot (Parcel ID’s 49.656.0103 & 49.656.0104) and is zoned for commercial use. The asking price is $2,590,650. The building boasts abundant parking, including dedicated underground parking and storage rooms. Interior features include private offices, conference rooms, a break room, open office areas, and a reception area. Its prime location within the Pinehurst Office Park offers easy access to the 800 North I-15 interchange, placing it in a high-traffic area with convenient proximity to numerous amenities, including shopping and dining options. The property is beautifully landscaped and benefits from a strong commercial zoning designation. This is an ideal investment for businesses seeking a well-maintained, conveniently located office space in a thriving Utah County market. The building's layout is highly functional and adaptable to a variety of business needs. The ample parking ensures convenient access for employees and clients alike.

• CAP approach

  CAP return

  Valuation

  6%

  $980,170

  6.5%

  $904,772

  7%

  $840,145

• Comparable approach

  Method

  Valuation

  Relative Method

  $736,086

  Geo Method

  $736,086

• Alternative Use

  Use

  Valuation

  Residential

  $1,121,917

  Hospitality

  $1,027,670

  Educational

  $855,010

  Medical

  $884,415

  Retail

  $1,330,015

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.3114

Longitude

-111.684

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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