701 Timpanogos PkwyOrem, UT 84097

Property Details for 701 Timpanogos Pkwy

Year built

1991

Lot size

0.39 AC

Property size (Sq ft)

41,044 SF

Property type

Office buildings

APN

53-229-0012

APU

532290012

Description

Canyon Park Tech Center offers 924,634 square feet of prime office space in Orem, Utah. This exceptional property comprises thirteen buildings, providing a variety of suite sizes ranging from 1,185 to 18,834 square feet, catering to diverse business needs. The campus boasts renovated suites and lobbies, generous parking, and an amenity center including a full-access gym and an outdoor yard activity center. Thirteen backup generators ensure reliable power, while abundant fiber options support modern communication needs. Tenants enjoy convenient access to an on-site Culinary Art Institute Cafe, UTA public transportation, the FrontRunner commuter rail, and the Murdock Canal Trail. The location offers proximity to Provo Canyon, 134 restaurants, and 1,488 hotel rooms. Additional amenities include an auditorium and conference center, making Canyon Park Tech Center an ideal location for businesses seeking a vibrant and well-equipped workspace in a desirable Utah County setting. The address is 701 Timpanogos Pkwy, Orem, UT 84097.

• CAP approach

  CAP return

  Valuation

  6%

  $10,949,932

  6.5%

  $10,107,630

  7%

  $9,385,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,223,166

  Geo Method

  $8,223,166

• Alternative Use

  Use

  Valuation

  Residential

  $12,533,461

  Hospitality

  $11,480,583

  Educational

  $9,551,710

  Medical

  $9,880,208

  Retail

  $14,858,215

Location Insight

City

Orem

County

Utah

State

Utah

Latitude

40.3235

Longitude

-111.679

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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