Office Condo
500 Timpanogos Pkwy Orem, UT 84097
For Sale
Contact for pricing
Multiple renovated lobby office condo units with ample parking and access to on-site amenities.
Property Size3,332 SF
Price / SF$269
Days on Market567
Property Features for 500 Timpanogos Pkwy
General Information
Standard status
Active
Size
3,332 SF
Property subtype
OFFICE
Listing Agency:
InterNet Properties
(801) 860-1515
Listed By:
Brook Hintze
(801) 860-1515
Source:
Moodyscre
Added: Jan 6, 2025
Changed: Jul 25
Last Checked: Jul 26 at 1:46PM
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 InterNet Properties
Investment Insights
Based on property information with market context.
This offering presents multiple office condo units for sale within a central Utah County commercial complex. The main level features recently renovated lobbies, and the property includes ample parking for tenants and visitors.
Located at 500 Timpanogos Pkwy in Orem, the property is minutes from I-15 and provides access to Canyon Park amenities. On-site features include an outdoor tenant area, an indoor gym, UVU Cafe, and a food truck court, along with a conference center.
For occupiers looking for a professionally maintained office environment, the configuration is supported by the unit-style ownership model and shared amenity program available throughout the community.
Located at 500 Timpanogos Pkwy in Orem, the property is minutes from I-15 and provides access to Canyon Park amenities. On-site features include an outdoor tenant area, an indoor gym, UVU Cafe, and a food truck court, along with a conference center.
For occupiers looking for a professionally maintained office environment, the configuration is supported by the unit-style ownership model and shared amenity program available throughout the community.
Key Highlights
- Central Utah County location, minutes from I‑15
- Multiple office condo units for sale
- Recently renovated lobbies on the main level
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 | $80.0k | $24.00 |
| − Vacancy | −$17.6k | −$5.28 |
| EGI | $62.4k | $18.72 |
| − OpEx | −$15.6k | −$4.68 |
| NOI | $46.8k | $14.04 |
3,332 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$668.3K
$584.8K – $779.7K
NOI $46,781 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.5K
$803.7K – $1.07M
NOI $64,294 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Multiple renovated lobby office condo units with ample parking and access to on-site amenities.
Where is this office units located?
The property is located at 500 Timpanogos Pkwy Orem, UT.
What is the asking price?
The asking price for this property is $896,308.
What are key features of this property?
This property features: Central Utah County location, minutes from I‑15; Multiple office condo units for sale; Recently renovated lobbies on the main level
