Updated
For Sale
$719,900
512 N 100 E, Orem, UT 84057
Current renters occupy the property, with basement space expected to open for owner occupancy in August.
Property Size2,779 SF
Price / SF$259.05
Days on Market17
Property Features for 512 N 100 E
General Information
Standard status
Active
Size
2,779 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1957
Listing Agency:
Pine Valley Realty
(801) 785-5013
Listed By:
Cody Yeck
Source:
Redsign
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 25 at 5:22AM
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 Pine Valley Realty
Investment Insights
Based on property information with market context.
This duplex contains 2,779 square feet and was built in 1957, with updates completed in 2021. The property is currently occupied by renters, while the basement is expected to become available for owner occupancy in August.
Located at 512 N 100 E in Orem, Utah, the property includes on-site parking. Its two-unit configuration and existing occupancy provide a straightforward income-property profile with future owner-occupancy flexibility.
Located at 512 N 100 E in Orem, Utah, the property includes on-site parking. Its two-unit configuration and existing occupancy provide a straightforward income-property profile with future owner-occupancy flexibility.
Key Highlights
- 2,779‑square‑foot duplex
- Updated in 2021
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$512,740
$512.7K
Cap Rate 7%
$366,243
$366.2K
Cap Rate 9%
$284,856
$284.9K
Market Conditions
NOI Build-Up for 2,779 SF
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.
Gross rent
$38.4K $13.80/SF
− Vacancy
−$1.7K −$0.62/SF
EGI
$36.6K $13.18/SF
− OpEx
−$11.0K −$3.95/SF
NOI
$25.6K $9.23/SF
Area
Utah County, UT
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$512,740
Cap Rate 7%
$366,243
Cap Rate 9%
$284,856
Alternative Uses
Best Use
Multifamily LT 5
$366.2K
$320.5K – $427.3K
NOI $25,637 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$336.7K
$294.7K – $392.9K
NOI $23,572 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$766.1K
$670.3K – $893.7K
NOI $53,624 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 84057, UT
38,401
Population
12,246
Households
3.1
Avg Household Size
29
Median Age
39%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
6,194
Density / Sq Mi
$80,184
Median Household Income
$36,429
Median Earnings
$1,408
Median Rent
$398,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Current renters occupy the property, with basement space expected to open for owner occupancy in August.
Where is this duplex located?
The property is located at 512 N 100 E Orem, UT.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: 2,779‑square‑foot duplex; Updated in 2021; Built in 1957
