Detached Workshop with Overhead
For Sale
$360,000
Pending
9-377 N 650 E, Orem, UT 84097
Detached shop with large overhead doors and 220-volt power, plus a new 2025 roof.
Property Size1,500 SF
Days on Market22
Property Features for 9-377 N 650 E
General Information
Standard status
Pending
Size
1,500 SF
Property subtype
Land
Additional Details
Voltage
220 V
Amenities
chicken coop
garden space
fruit trees
Building Details
Year Renovated
2025
Buildings
1
Building Size
1,500 SF
Listing Agency:
Harris Real Estate Group, LLC
(801) 319-7653
Listed By:
James Turner
(801) 319-7653
Source:
Exprealty
Added: Jul 10
Changed: Jul 30
Last Checked: Jul 30 at 6:03PM
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 Harris Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This detached workshop offers an open floor plan designed for flexible use, with large overhead doors and 220-volt power for equipment, vehicle storage, and other shop activities. The property totals 1,500 square feet (30' x 50') and is well-suited for a range of permitted uses such as a workshop, vehicle storage, RV storage, equipment, hobbies, and woodworking.
The building was updated with a new roof installed in 2025. Outside, the property includes a large chicken coop, established garden space, and mature fruit trees, supporting hobby farming opportunities subject to local regulations.
Conveniently located with easy access to major roads, shopping, and services, the site is a standalone option for buyers seeking a versatile shop setup. Buyer should verify all information, including square footage, zoning, permitted uses, utilities, and property boundaries.
The building was updated with a new roof installed in 2025. Outside, the property includes a large chicken coop, established garden space, and mature fruit trees, supporting hobby farming opportunities subject to local regulations.
Conveniently located with easy access to major roads, shopping, and services, the site is a standalone option for buyers seeking a versatile shop setup. Buyer should verify all information, including square footage, zoning, permitted uses, utilities, and property boundaries.
Key Highlights
- 1,500 SF detached shop (30' x 50')
- Large overhead doors for shop, vehicle or RV storage
- 220‑volt power
Financial Insights For Warehouse
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 | $18.0k | $12.00 |
| − Vacancy | −$936 | −$0.62 |
| EGI | $17.1k | $11.38 |
| − OpEx | −$2.6k | −$1.71 |
| NOI | $14.5k | $9.67 |
1,500 SF · lease $12.00/SF/yr · vacancy 5.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$207.2K
$181.3K – $241.7K
NOI $14,504 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.5K
$361.8K – $482.4K
NOI $28,944 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Five Star Preparedness — 221 N 650 E St, Orem, UT 84097, United States
Frequently Asked Questions
What type of property is this?
Warehouse - Detached shop with large overhead doors and 220-volt power, plus a new 2025 roof.
Where is this warehouse located?
The property is located at 9-377 N 650 E Orem, UT.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1,500 SF detached shop (30' x 50'); Large overhead doors for shop, vehicle or RV storage; 220‑volt power
