195 Orem BlvdOrem, UT 84058

Property Details for 195 Orem Blvd

Year built

1992

Lot size

0.40 AC

Property size (Sq ft)

6,170 SF

Property type

Office buildings

APN

18-007-0121

APU

180070121

Description

This exceptional two-story, 6,170 square foot Class B office building in Orem, Utah, presents a compelling investment opportunity. Located at 195 S Orem Blvd, this fully occupied (100%) multi-tenant property boasts a strong net operating income (NOI) of $78,826, generating a 6.57% cap rate. The asking price is $1,200,000, translating to $194.49 per square foot. Built in 1992, the building sits on a 0.4-acre lot and features recently updated lobbies and interior suites, enhancing its appeal to tenants. A prominent monument sign on Orem Blvd ensures high visibility. The property's central location provides easy access to major roadways and public transportation, benefiting from Orem's thriving economy and proximity to Utah Valley University. The property's features include one building, a triple net (NNN) lease type, and a total of 6,170 square feet of space. The APN is 180070121. This is a turnkey investment ready to generate immediate income. The property's strong occupancy and positive cash flow make it an attractive addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,646,065

  6.5%

  $1,519,445

  7%

  $1,410,913

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,236,160

  Geo Method

  $1,236,160

• Alternative Use

  Use

  Valuation

  Residential

  $1,884,111

  Hospitality

  $1,725,836

  Educational

  $1,435,875

  Medical

  $1,485,257

  Retail

  $2,233,584

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.2936

Longitude

-111.696

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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