Flex Building with Fenced
For Sale
$1,550,000
1355 W 465 S, Orem, UT 84058
M2-zoned property combines office, general-use space, loading access, and basement storage or manufacturing capacity.
Property Size6,290 SF
Lot Size0.44 Acres
Price / SF$246.42
Days on Market109
Property Features for 1355 W 465 S
General Information
Standard status
Active
Size
6,290 SF
Lot size
0.44 Acres
Property subtype
Industrial
Zoning
M2
Warehouse & Industrial
Office Build-Out
1,350 SF
Power
200 amps
Three-Phase Power
No
Additional Details
Fenced Yard
Yes
Amenities
breakroom
laundry
Building Details
Building Size
6,290 SF
Year Built
1979
Buildings
1
Stories
1
Listing Agency:
Skyline Real Estate Group
(385) 799-1169
Listed By:
Bradley Byington
Source:
Liftrealty
Added: Jul 17
Changed: Nov 1
Last Checked: Nov 1 at 5:00AM
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 Skyline Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,290-square-foot flex building on .44 acres includes 4,000 square feet on the main floor and 2,290 square feet in the basement. The current configuration features 1,350 square feet of newer office space with a lobby, three private offices, and a conference room, along with two bathrooms, laundry, and a breakroom. The remaining main-floor area is improved general-use space with 12'x8' and 6'x8' garage doors opening to a large loading dock. Secure safe doors provide basement access, with a third safe door dividing the basement in half. The basement is suited for storage or manufacturing use.
The property is zoned M2, allowing commercial, industrial, and retail uses. It includes a secure, private fenced yard and parking. Power service is single-phase, 200 AMP, with three-phase capability ready. The roof was replaced in 2021, and all three HVAC systems are newer, installed in 2020, 2021, and 2024.
The property is zoned M2, allowing commercial, industrial, and retail uses. It includes a secure, private fenced yard and parking. Power service is single-phase, 200 AMP, with three-phase capability ready. The roof was replaced in 2021, and all three HVAC systems are newer, installed in 2020, 2021, and 2024.
Key Highlights
- 6,290‑square‑foot building on .44 acres with parking and a secure, private fenced yard
- 4,000‑square‑foot main floor and 2,290‑square‑foot basement
- 1,350 square feet of office space with lobby, three private offices, and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,312
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,240
$1.8M
Cap Rate 7%
$1,261,600
$1.3M
Cap Rate 9%
$981,244
$981.2K
Market Conditions
NOI Build-Up for 6,290 SF
Gross rent
$151.0K $24.00/SF
− Vacancy
−$33.2K −$5.28/SF
EGI
$117.7K $18.72/SF
− OpEx
−$29.4K −$4.68/SF
NOI
$88.3K $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,240
Cap Rate 7%
$1,261,600
Cap Rate 9%
$981,244
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,312 @ 7.0% cap · market cap 5.70%
Second Best
Warehouse
$868.9K
$760.3K – $1.01M
NOI $60,822 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,372 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84058, UT
33,734
Population
11,749
Households
2.9
Avg Household Size
26
Median Age
41%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,217
Density / Sq Mi
$71,474
Median Household Income
$27,325
Median Earnings
$1,395
Median Rent
$441,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- UVU Catering — 800 W University Pkwy, Orem, UT 84058
Frequently Asked Questions
What type of property is this?
Flex space - M2-zoned property combines office, general-use space, loading access, and basement storage or manufacturing capacity.
Where is this flex space located?
The property is located at 1355 W 465 S Orem, UT.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 6,290‑square‑foot building on .44 acres with parking and a secure, private fenced yard; 4,000‑square‑foot main floor and 2,290‑square‑foot basement; 1,350 square feet of office space with lobby, three private offices, and conference room
