1875 State StOrem, UT 84097

Property Details for 1875 State St

Year built

1978

Lot size

1.68 AC

Property size (Sq ft)

35,340 SF

Property type

Office properties

Property subtype

Office buildings

APN

19-024-0015

APU

190240015

Description

This exceptional 3-story, Class B office building, located at 1875 S State St, Orem, UT 84097, offers a fantastic leasing opportunity. Boasting a total of 36,223 square feet, the property features a traditional office layout with executive office options available. Currently, 2,450 square feet of space is immediately available for lease within this well-maintained building, constructed in 1978. The building sits on a generous 1.75-acre lot, providing ample space and potential for future expansion. Conveniently located near the cross street of State Street, this property offers easy access to major transportation routes and local amenities. The building is equipped with elevators for easy access to all three floors and provides parking at a ratio of 5 spaces per 1000 square feet. The property's APN is 190240015 and is situated in the Orem submarket of Utah County. This is an ideal location for businesses seeking a well-established and accessible office space in a thriving community. The multiple tenancy structure allows for flexibility and potential for collaboration with other businesses. Don't miss this chance to secure your ideal office space in this desirable Orem location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,428,210

  6.5%

  $8,702,963

  7%

  $8,081,323

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,080,369

  Geo Method

  $7,080,369

• Alternative Use

  Use

  Valuation

  Residential

  $10,791,675

  Hospitality

  $9,885,116

  Educational

  $8,224,300

  Medical

  $8,507,147

  Retail

  $12,793,356

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.2638

Longitude

-111.679

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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