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    205 State St Orem, UT 84057

    For Lease
    $19 SF/Yr

    Prime State Street location, 1,267 sq ft.

    Lot size:
    1,267 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,267-square-foot office space is ideally situated at 205 N State Street, Orem, UT 84057, on the corner of 200 North. The property, classified as a Class B building constructed in 1988, offers a single-tenant occupancy in a highly visible location. Previously used as an optometrist's office, this space is well-suited for medical or traditional office uses. The building sits on a 0.7-acre lot in Utah County's Orem submarket, benefiting from an estimated 46,617 cars passing daily. The property boasts prominent monument signage and ample parking. Recent updates, completed in 2022, include renovations to the lobby and other common areas. The lease terms include a modified gross rent of $2100 per month plus $500 in CAM charges. The property is currently vacant and easily accessible for viewing. This is a fantastic opportunity for a business seeking a high-traffic, well-maintained office space in a thriving Orem location.

    Property Features for 205 State St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,267 SF
    Class
    B

    Building Details

    Year Built
    1988

    Unit(s) available at that property

    Space
    Size
    1,267 SF
    Rate per SF
    $19

    HighLights

    • 1,267‑square‑foot office space at 205 N State Street, Orem, UT.
    • Class B building (1988 construction) offering single‑tenant occupancy.
    • High‑visibility corner location with 46,617 estimated daily car counts.
    • 0.7‑acre lot, prominent monument signage, and ample parking.
    • Recently renovated (2022) lobby and common areas.
    • Modified gross rent: $2,100/month + $500 CAM.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hill Family Dental Dentist Dr. Jerel Hill Dentist Dr. Jared Hill Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.69687719743
    Latitude
    40.300758112832

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    FAQs

    What type of property is this?
    Medical office - Prime State Street location, 1,267 sq ft.
    Where is this medical office located?
    The property is located at 205 State St Orem, UT.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 1,267-square-foot office space at 205 N State Street, Orem, UT.; Class B building (1988 construction) offering single-tenant occupancy.; High-visibility corner location with 46,617 estimated daily car counts.
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    205 State St Orem, UT 84057
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    Orem, UT 84057
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    205 State St Orem, UT 84057
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