195 Orem BlvdOrem, UT 84058
- Office properties
- 6,170 SF
Property Details for 195 Orem Blvd
- Year built
- 1992
- Lot size
- 0.40 AC
- Property size (Sq ft)
- 6,170 SF
- Property type
- Office properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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