218 Orem BlvdOrem, UT 84057

Property Details for 218 Orem Blvd

Year built

2002

Lot size

0.02 AC

Property size (Sq ft)

963 SF

Property type

Office buildings

APN

36-633-0014

APU

366330014

Description

This exceptional 2,040-square-foot office space in Orem, Utah, is perfectly suited for businesses seeking a move-in ready solution. Located at 218 N Orem Blvd, 84057, this single-tenant property boasts a desirable traditional office layout. The building, constructed in 2002, comprises a two-story structure situated on a 0.4-acre lot. The space is evenly divided between the main floor and a garden level, each offering 1,020 square feet. The functional design includes five private offices, two restrooms, a convenient kitchenette, a dedicated conference room, and a welcoming open reception area complete with a desk and storage closet. Adding to its appeal, the garden level offers a private exterior entrance. The current monthly lease rate is $2,679, and utilities are the responsibility of the tenant. Existing furniture is available, making this a truly turnkey opportunity. The building does not include elevators. This is an excellent opportunity to secure a well-appointed office space in a prime Orem location. Total building square footage is 4,080 square feet, with 2,040 square feet currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $256,915

  6.5%

  $237,152

  7%

  $220,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $192,937

  Geo Method

  $192,937

• Alternative Use

  Use

  Valuation

  Residential

  $294,068

  Hospitality

  $269,365

  Educational

  $224,108

  Medical

  $231,816

  Retail

  $348,613

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.3012

Longitude

-111.699

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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