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Rambler-Style Office Building
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1372 S 740 E, Orem, UT 84097

COMMERCIAL - Orem, UT

Lot Size0.02 Acres
Days on Market10

Property Features for 1372 S 740 E

General Information

Property type Commercial Lease
Property subtype Office
Zoning description C2
Subdivision UNIVERSITY OFFICE PARK PUD
Standard status Active
APN 57-022-0007
Lot size 0.02 Acres

Taxes and HOA fees

Tax Annual Amount 2407

Amenities

reception area
private restroom
separate exterior entrance
conference room
flex room
kitchenette
storage

Building Details

Year built 1994
Flooring type Carpet
Listing Agency: Berkshire Hathaway HomeServices Elite Real Estate
Listed By: Gloria Uribe
Added: Jul 23 Changed: Jul 28 Last Checked: Aug 1 at 7:06PM
MLS# 2173858

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Investment Insights

Based on property information with market context.

Well-maintained rambler-style office building with a fully finished basement and a classic brick exterior with a durable tile roof. The main level includes four private offices, a spacious reception area, and a private restroom. The fully finished basement features two additional private offices, a versatile flex room that can function as a conference room or additional office, a second private restroom, a kitchenette, and ample storage. A separate exterior entrance serves the basement level.

Located in the heart of Orem, the property is minutes from University Mall and about ten minutes from I-15, within a thriving professional and retail corridor.

This move-in-ready layout is designed to support a range of office needs, including multi-tenant occupancy, with dedicated interior spaces for client-facing work and additional rooms in the lower level for expansion.

Key Highlights

  • 1994 rambler‑style office building with fully finished basement and separate exterior entrance
  • Main level includes four private offices, spacious reception area, and private restroom
  • Basement features two additional private offices, flex room, second private restroom, kitchenette, and ample storage

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Food Market Daycare Center Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Office units
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,697
Businesses Nearby

Demographics for 84097, UT

23,038
Population
7,237
Households
3.2
Avg Household Size
30
Median Age
50%
College-Educated
98%
High-School Grad
6.0 sq mi
ZIP Area
3,840
Density / Sq Mi
$97,034
Median Household Income
$34,536
Median Earnings
$1,414
Median Rent
$506,900
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Well-maintained office building with four private offices, reception area, and fully finished basement with separate exterior entrance.
Where is this office building located?
The property is located at 1372 S 740 E Orem, UT.
What are key features of this property?
This property features: 1994 rambler‑style office building with fully finished basement and separate exterior entrance; Main level includes four private offices, spacious reception area, and private restroom; Basement features two additional private offices, flex room, second private restroom, kitchenette, and ample storage
More about this property
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