Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1360 S Carterville Rd Orem, UT 84097

    Sponsored
    For Sale
    $2,500,000

    LAND - Orem, UT

    Property size:
    3,520 SF
    Lot size:
    0.76 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 17 at 5:06 pm

    Property Features for 1360 S Carterville Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Single-Family
    APN
    19-004-0073
    Exterior features
    Out Buildings
    Size
    3,520 SF
    Lot size
    0.76 Acres

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Lynn C Fillmore

    Town & Country Apollo Properties LLC (801) 372-1658

    Listing agent Lynn C Fillmore (801) 372-1658

    Listing date Feb 16, 2026

    MLS# 2135760 Listing URL

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Desirable Orem

    This 0.76-acre property is located in South Orem on Carterville Road, in the Provo Orem River bottoms across from the "Berkshires" gated development. The land offers an eastern view of the Wasatch Front, including Y Mountain, Rock Canyon, and Squaw Peak. A 1974 home with 3520 square feet, 6 bedrooms, and 2 3/4 bathrooms is currently situated on the combined parcels. The property is above the flood zone and protected on the west by the Orem east bench, and it is fully landscaped. The zoning is Single-Family, allowing for various residential development options, including the potential for an Accessory Dwelling Unit (ADU). The location provides a secluded, quiet, and private country feel in the heart of Utah County. It is conveniently located minutes from the Riverside Country Club (Equity Membership available), schools, shopping, and restaurants, with easy access to all of Utah County's attractions and destinations. This property presents an opportunity to remodel, upgrade, expand the footprint, rebuild, or simply move into one of Orem's most desirable neighborhoods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Utah Flat Fee ... Real Estate Agency Town and Country Apollo ... Real Estate Agency Utah Buyer Rebates Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.671547
    Latitude
    40.27202

    Nearby Similar for Sale

    • $5,995,000
      24,840 SF

      Orem Multifamily Townhomes Near Universities

      Twelve fully leased townhomes near UVU and BYU.
      1901 S 1030 W, Orem, UT 84058
      View Details
    • $570,000
      0.98 Acres

      Orem Medical Office Space

      Prime medical office space near two hospitals in Orem.
      421 N Orem Blvd, Orem, UT 84057
      View Details
    • $1,150,000
      0.01 Acres

      Established Retail Business Opportunity

      Turn-key appliance business with two locations for sale.
      244 N State St E, Orem, UT 84057
      View Details
    • $1,149,998
      4,158 SF

      Orem Fourplex with Recent Renovations

      Well-maintained Orem fourplex with significant recent capital improvements.
      232 N 250 E, Orem, UT 84057
      View Details
    • $749,900
      0.19 Acres

      Remodeled Commercial Building in Orem

      Remodeled commercial building with high visibility and quick freeway access.
      835 W 400 N, Orem, UT 84057
      View Details
    • $1,950,000
      0.42 Acres

      Orem Commercial Building For Sale

      Commercial building with retail, office, and warehouse space in Orem.
      1797 S State St, Orem, UT 84097
      View Details
    • $749,900
      0.19 Acres

      Remodeled Commercial Building in Orem

      Remodeled commercial building with high visibility and quick freeway access.
      835 W 400 N, Orem, UT 84057
      View Details
    • $1,399,999
      4,152 SF

      Remodeled Orem 4-Plex Investment

      Remodeled 4-plex near University Place, BYU, and UVU.
      1531 S 450 E, Orem, UT 84058
      View Details
    • $749,900
      0.19 Acres

      Remodeled Commercial Building in Orem

      Remodeled commercial building with high visibility and quick freeway access.
      835 W 400 N, Orem, UT 84057
      View Details
    • Contact for pricing
      2,375 SF

      Golf Course View Townhome

      Move-in ready townhome with golf course frontage and income potential.
      899 S 2040 W, Orem, UT 84058
      View Details
    • Contact for pricing
      24,606 SF

      Canyon Park Tech Center Office

      Office space for sale in Canyon Park Tech Center.
      500 Timpanogos Pkwy, Orem, UT 84097
      View Details
    • Contact for pricing
      2,160 SF

      Charming Rambler-Style Townhome with Views

      Orem townhome with full basement, private patio, and mountain views.
      337 Birchwood Dr, Orem, UT 84057
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious 0.76-acre lot with potential in a prime location.
    Where is this residential land & home lot located?
    The property is located at 1360 S Carterville Rd Orem, UT.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Large .76 acre lot with eastern views of the Wasatch Front.; - Located in a desirable South Orem neighborhood, offering a secluded, quiet, and private country feel.; - Room for an ADU, offering potential for additional living space or rental income.
    (801) 372-1658
    Request Owner's contact information
    1360 S Carterville Rd Orem, UT 84097
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1360 S Carterville Rd
    Orem, UT 84097
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1360 S Carterville Rd Orem, UT 84097
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lynn C Fillmore
    (801) 372-1658 (801) 224-1559
    Learn more
    Google sign-in failed. Please try again or use another login method.