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    130 University Pkwy Orem, UT 84058

    For Lease
    Contact for pricing

    High-traffic retail space, two suites available.

    Lot size:
    129,794 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Family Center at Orem, located at 130 E University Pkwy, Orem, UT 84058, presents a unique opportunity for retail businesses seeking high-visibility space in a prime location. This regional power center offers two available suites within a 129,794 square foot building, situated in the University Parkway submarket cluster of Orem, Utah. One suite offers 45,233 square feet of contiguous space, previously occupied by Painted Tree, while the other offers 11,000 square feet, formerly occupied by Lumber Liquidators. Both spaces are immediately available. The property benefits from excellent co-tenancy and enjoys a high-traffic count, with 58,955 average daily traffic (ADT) on University Parkway and 48,358 ADT on State Street. The minimum divisible space is 11,000 square feet, offering flexibility for various retail concepts. The property is offered on a triple net (NNN) lease basis at a rate of $2.35 per square foot. This exceptional retail space provides unparalleled access to a dense population and high consumer traffic, making it an ideal location for businesses seeking strong visibility and growth potential.

    Property Features for 130 University Pkwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    129,794 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    45,233 SF
    Space
    Available Space 2
    Size
    11,000 SF

    HighLights

    • 45,233 SF of retail space immediately available (formerly Painted Tree).
    • 11,000 SF of retail space immediately available (formerly Lumber Liquidators).
    • Excellent co‑tenancy.
    • Prime retail location.
    • NNN lease rate: $2.35/SF.
    • High traffic counts: 58,955 ADT on University Parkway and 48,358 ADT on State Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cummings Family Electric Electrical Supply Store Michaels Custom Framing Picture Frame Shop UPS Access Point ... Shipping And Mailing Service Michaels Craft Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.6930883
    Latitude
    40.2718337

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, two suites available.
    Where is this retail property located?
    The property is located at 130 University Pkwy Orem, UT.
    What are key features of this property?
    This property features: 45,233 SF of retail space immediately available (formerly Painted Tree).; 11,000 SF of retail space immediately available (formerly Lumber Liquidators).; Excellent co-tenancy.
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    Orem, UT 84058
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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
    130 University Pkwy Orem, UT 84058
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