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Finished-Basement Office Units
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1372 S 740 E, Orem, UT 84097

Commercial Lease, Orem, UT

Space SizeContact for details
Lot Size0.02 Acres
Days on Market53

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

private restroom
kitchenette
storage
reception area
separate exterior entrance

Building Details

Year built 1994
Flooring type Carpet
Listing Agency: Berkshire Hathaway HomeServices Elite Real Estate
Listed By: Gloria Uribe
Added: Jul 23 Changed: Aug 19 Last Checked: Sep 13 at 2:06AM
MLS# 2173858

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.

Investment Insights

Based on property information with market context.

This office property presents a two-level configuration with a finished basement and a practical mix of private and shared-use areas. The main floor contains four private offices, a reception area, and a private restroom. Downstairs, two additional offices are joined by a flex room, second restroom, kitchenette, and storage space. A separate exterior entrance provides independent access to the basement.

The building features a classic brick exterior, tile roofing, and carpeted flooring. It was built in 1994 and is located in Orem near University Mall, with I-15 approximately ten minutes away. The layout supports professional office use and can accommodate businesses seeking multiple enclosed work areas within one property.

Key Highlights

  • Four private offices, reception area, and private restroom on the main level
  • Finished basement with two offices, flex room, restroom, kitchenette, and storage
  • Separate exterior entrance serves the basement

Property Analytics

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Current Use

Office Units

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Orem, UT

$15.05 /SF/Yr
Avg Asking Price
$12.72–$19 /SF/Yr
Price Range
56,554 SF
Avg Space Size

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 units - Flexible office layout includes private workspaces, reception areas, restrooms, a kitchenette, and separate basement access.
Where is this office units located?
The property is located at 1372 S 740 E Orem, UT.
What are key features of this property?
This property features: Four private offices, reception area, and private restroom on the main level; Finished basement with two offices, flex room, restroom, kitchenette, and storage; Separate exterior entrance serves the basement
More about this property
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