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Medical Office Suite with 12 Offices
For Lease
$580,000

421 N OREM Blvd, Orem, UT 84057

Commercial Sale Commercial Lease, Orem, UT

Space SizeContact for details
Lot Size0.07 Acres
Days on Market12

Property Features for 421 N OREM Blvd

General Information

Property type Commercial Lease
Property subtype Office
Zoning Commercial
Zoning description C0ndo
Security features Security Lighting
Window features Blinds
Interior features Alarm: Fire, Restroom: Private, Restroom: Public
Exterior features Paved Parking, Security Lighting
Accessibility Accessible Approach with Ramp, Accessible Elevator Installed
Appliances Real Estate
Subdivision BOULEVARD MEDICAL CENTER CONDO
Standard status Active
APN 35-319-0003
Lot size 0.07 Acres

Taxes and HOA fees

Tax Annual Amount 6505

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air

Building Details

Year built 1998
Flooring type Carpet, Vinyl
Roof type Asphalt
Listing Agency: Alliance Real Estate, PLLC
Listed By: Sandy J. Davidson
Added: Sep 2 Changed: Sep 13 Last Checked: Sep 13 at 9:06AM
MLS# 2184200

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Investment Insights

Based on property information with market context.

This medical office suite in Orem provides a substantial professional layout with 12 offices, including two private offices connected to a shared full bathroom. The space also includes two public restrooms, a spacious reception area, a large workroom, and a flexible lab or kitchen area with ample cabinetry. Vinyl and carpet flooring, central air, natural-gas forced-air heating, and dual furnaces support the interior configuration. Fire alarm protection, private restroom access, and accessible entry and elevator features are included.

The property is located at 421 N OREM Blvd, near Orem Hospital and minutes from Timpanogos Regional. Paved parking and security lighting serve the site. CAM covers maintenance, trash, snow removal, yard care, elevator service, and building systems.

Key Highlights

  • 12 offices, including two private offices with a shared full bath
  • Two public restrooms plus a private restroom
  • Spacious reception area and large workroom

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Travel Agency Carpet & Flooring Store Wine and Liquor Store

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,759
Businesses Nearby
Balanced
Demand for This Use

Demographics for 84057, UT

38,401
Population
12,246
Households
3.1
Avg Household Size
29
Median Age
39%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
6,194
Density / Sq Mi
$80,184
Median Household Income
$36,429
Median Earnings
$1,408
Median Rent
$398,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Medical Office Space - Commercial medical space with reception, workroom, flexible lab or kitchen area, and accessible building features.
Where is this medical office space located?
The property is located at 421 N OREM Blvd Orem, UT.
What is the lease rate?
The lease rate is $580,000.
What are key features of this property?
This property features: 12 offices, including two private offices with a shared full bath; Two public restrooms plus a private restroom; Spacious reception area and large workroom
More about this property
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