Renovated Office Building with
135 S Mountain Way Dr Orem, UT 84058
135 S Mountain Way Dr, Orem, UT, 84058
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For Sale
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Turnkey, fully renovated office building with modern amenities and extensive on-site parking for tenant or investor use.
Property Size42,731 SF
Lot Size1.20 Acres
Price / SF$219.98
Days on Market49
Property Features for 135 S Mountain Way Dr
General Information
- Standard status
- Active
- Size
- 42,731 SF
- Lot size
- 1.20 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agency
Newmark Mountain West
(801) 578-5534
Listed by
Bryce Blanchard · License #UT 5487558-SA00
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 1:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Mountain West
Investment Insights
Based on property information with market context.
This fully renovated office building at 135 S Mountain Way Dr was built in 1978 and underwent a complete renovation in 2021. The property totals 42,731 square feet on 1.20 acres, with an additional 0.60-acre parking lot. Improvements include modern office space along with fitness amenities such as a basketball court, locker rooms, and a steam room. For building presentation and operations, it also features programmable digital signage.
The site includes 123 parking stalls to support employee and visitor access. The property is described as having excellent freeway visibility, which can be advantageous for businesses seeking clear presence from passing traffic.
Designed for owner-occupiers or investors, this property is positioned as a high-quality turnkey office facility. The combination of recently renovated office space, on-site amenities, and ample parking may appeal to tenants looking for a move-in ready environment, or to buyers seeking an operationally complete office asset.
The site includes 123 parking stalls to support employee and visitor access. The property is described as having excellent freeway visibility, which can be advantageous for businesses seeking clear presence from passing traffic.
Designed for owner-occupiers or investors, this property is positioned as a high-quality turnkey office facility. The combination of recently renovated office space, on-site amenities, and ample parking may appeal to tenants looking for a move-in ready environment, or to buyers seeking an operationally complete office asset.
Key Highlights
- Fully renovated office building built in 1978 with 42,731 SF of modern office space
- Renovated in 2021 with programmable digital signage
- Fitness amenities include a basketball court, locker rooms, and a steam room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.03M | $24.00 |
| − Vacancy | −$225.6k | −$5.28 |
| EGI | $799.9k | $18.72 |
| − OpEx | −$200.0k | −$4.68 |
| NOI | $599.9k | $14.04 |
42,731 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.57M
$7.50M – $10.00M
NOI $599,943 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.78M
$10.31M – $13.74M
NOI $824,537 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Adminify
(Bike/Boat/Book/etc) Store
Rise Fencing
General Contractor
ERC Pros
Tax Preparation
Valley Law Accident ...
Law Firm
Figure Financial
Tax Preparation
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FAQs
What type of property is this?
Office building - Turnkey, fully renovated office building with modern amenities and extensive on-site parking for tenant or investor use.
Where is this office building located?
The property is located at 135 S Mountain Way Dr Orem, UT.
What is the asking price?
The asking price for this property is $9,400,000.
What are key features of this property?
This property features: Fully renovated office building built in 1978 with 42,731 SF of modern office space; Renovated in 2021 with programmable digital signage; Fitness amenities include a basketball court, locker rooms, and a steam room
