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    575 University Pkwy Orem, UT 84097

    For Lease
    $25 SF/Yr ($15,056 /Mo)

    7,227 sq ft Class A Office Suite

    Lot size:
    7,227 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 7,227 square foot Class A office space is available for lease at 575 E University Pkwy, Orem, UT 84097. Located in the desirable University Place, this single-suite property offers a traditional office layout, perfect for a variety of businesses. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The building's total square footage is 7,227 square feet, providing ample room for a large team or expansive operations. The property is classified as Class A, indicating high-quality construction, modern amenities, and a prime location. Its address in Orem, Utah, offers convenient access to major transportation routes and local amenities. This is an ideal space for a company seeking a prestigious and functional office environment in a thriving Utah community. The property is ready for immediate occupancy, allowing for a swift and seamless transition for your business. Interested parties should inquire promptly to secure this exceptional opportunity. The property is categorized as a traditional office space and is suitable for multiple tenants, although currently the entire space is available.

    Property Features for 575 University Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,227 SF
    Class
    A
    Total Rate
    15056.25

    Unit(s) available at that property

    Space
    Second Floor
    Size
    7,227 SF
    Rate per SF
    $25

    HighLights

    • 7,227 SF Class A office space available for lease, ready for tenant improvements.
    • Private entrance with elevator and terrace overlooking University Place Park.
    • Excellent signage opportunity.
    • 1.3M SF of retail, 30 on‑site restaurants, adjacent to Costco & Trader Joe's.
    • On‑site housing and proximity to BYU (33.5k students) and UVU (41k students).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fragrance Hut Perfume Store Verizon Cell Phone Store Torrid Plus Size Clothing Store Cotton On Clothing Store Janela Bay Swimwear Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.68150249
    Latitude
    40.27567228

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    FAQs

    What type of property is this?
    Office Property / Space - 7,227 sq ft Class A Office Suite
    Where is this office property / space located?
    The property is located at 575 University Pkwy Orem, UT.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 7,227 SF Class A office space available for lease, ready for tenant improvements.; Private entrance with elevator and terrace overlooking University Place Park.; Excellent signage opportunity.
    Request Owner's contact information
    575 University Pkwy Orem, UT 84097
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    Orem, UT 84097
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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
    575 University Pkwy Orem, UT 84097
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