493 Orem BlvdOrem, UT 84058

Property Details for 493 Orem Blvd

Year built

1998

Lot size

0.04 AC

Property size (Sq ft)

2,880 SF

Property type

Office properties

Property subtype

Office buildings

APN

55-418-0007

APU

554180007

Description

This exceptional executive office space in Orem, Utah, presents a fantastic opportunity for businesses seeking a prime location. Situated at 493-495 S. Orem Blvd, 84058, this property boasts a total of 2,880 square feet, with 1,440 square feet currently available for lease. The space is designed as a multi-tenant building, offering flexibility for various business needs. The layout includes a blend of open areas and private offices, catering to diverse professional setups. A significant advantage is the inclusion of 1,440 square feet of bonus basement storage space, ideal for inventory, archives, or additional equipment. This provides ample room for expansion and efficient organization. The property is located in Utah County, offering easy access to major transportation routes and local amenities. This is an excellent opportunity to secure a well-appointed office space in a thriving Orem business district. The building's design and features make it suitable for a range of businesses seeking a functional and convenient workspace. The available space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $768,342

  6.5%

  $709,239

  7%

  $658,579

• Comparable approach

  Method

  Valuation

  Relative Method

  $577,008

  Geo Method

  $577,008

• Alternative Use

  Use

  Valuation

  Residential

  $879,456

  Hospitality

  $805,577

  Educational

  $670,230

  Medical

  $693,281

  Retail

  $1,042,581

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.288

Longitude

-111.692

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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