560 State StOrem, UT 84058

Property Details for 560 State St

Year built

1976

Lot size

0.58 AC

Property size (Sq ft)

13,706 SF

Property type

Grocery and convenience stores

APN

39-017-0028

APU

390170028

Description

This exceptional single-tenant office property in Orem, Utah, offers 4,525 square feet of versatile space, perfect for a variety of businesses. Located at 560 S State St, 84058, this one-story building (APN 65-143-0003) was built in 1987 and boasts a highly desirable location just off State Street, providing excellent visibility and accessibility. The property features ample on-site parking for employees and clients. Previously used as medical space, the building has undergone recent updates, creating a modern and professional environment. Leasing options are available for the entire 4,525 square foot building or individual suites ranging from 1,200 to 4,525 square feet. Gross lease rates start at $2,000 per month and go up to $3,500 per month, depending on the space selected. This well-maintained building presents a fantastic opportunity to establish a thriving business in a prime Orem location. The property is situated in Utah County and offers a convenient and accessible location for employees and clients alike. Don't miss this chance to secure this exceptional office space.

• CAP approach

  CAP return

  Valuation

  6%

  $5,375,136

  6.5%

  $4,961,664

  7%

  $4,607,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,919,912

  Geo Method

  $6,919,912

• Alternative Use

  Use

  Valuation

  Residential

  $4,185,350

  Hospitality

  $3,833,758

  Educational

  $3,189,642

  Medical

  $3,299,338

  Retail

  $4,961,664

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.3071

Longitude

-111.699

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].