340 E 1200 S, Orem, UT 84058
Flexible two-level standalone building near State Street/University Parkway with designated parking and prominent marquee signage.
- Added:
- May 19, 2026
- Days on Market:
- 49
- Last Refresh:
- Jul 1 at 3:54 am
Property Features for 340 E 1200 S
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing office Century 21 Everest (435) 705-1279
Listing date May 19, 2026
Source Liftrealty
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All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Everest
HighLights
- 6,000 SF standalone commercial building (approx. 3,000 SF main level and 3,000 SF lower level) built in 1970
- Flexible two‑level layout suited for restaurant, retail, office, medical, or owner‑user uses
- Designated parking included
- Prominent marquee signage for visibility
- Located near the highly trafficked intersection of State Street and University Parkway in Orem
Overview
The property is located in Orem near the intersection of State Street and University Parkway, positioned within a highly visible commercial corridor. The offering emphasizes convenient access from major thoroughfares and proximity to established businesses, including national retailers and restaurants.
For tenants and buyers looking for adaptable space, the two-level configuration can support a variety of operational layouts depending on the intended use. The combination of designated parking and marquee signage provides practical storefront presence for retail and service concepts, while the building’s flexibility also supports office or medical configurations where a standalone footprint is desired.
Local Financial Insights For Specialty Retail
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 | $149.8k | $24.96 |
| − Vacancy | −$6.3k | −$1.05 |
| EGI | $143.5k | $23.91 |
| − OpEx | −$35.9k | −$5.98 |
| NOI | $107.6k | $17.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Orem
- County
- Utah
- State
- Utah
- Longitude
- -111.6864442
- Latitude
- 40.2748698