Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    130 University Pkwy Orem, UT 84058

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail space, two suites available.

    Lot size:
    129,794 SF

    Property Features for 130 University Pkwy

    General Information

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

    Spaces For Lease

    at 130 University Pkwy, Orem, UT 84058 Contact us

    We can help!

    Listing Contact
    Lance Pendleton
    Lance Pendleton

    Listing Agency: Mountain West CRE Listing Agent: Lance Pendleton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cummings Family Electric Building Supply Michaels Custom Framing (Bike/Boat/Book/etc) Store UPS Access Point ... Courier Service Michaels (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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

    Nearby Similar for Lease

    • Contact for pricing
      70,132 SF

      Renovated Retail Spaces Available

      Three newly renovated retail spaces available for lease in Orem.
      1160 S State St, Orem, UT 84097
      View Details
    • Contact for pricing
      16,659 SF

      Orem Office Park with Amenities

      Office space in a park-like setting with many amenities.
      701-749 Timpanogos Pkwy, Orem, UT 84097
      View Details
    • $400 /Mo
      496,091 SF

      Furnished Mini Suites for Lease

      Furnished suites for 1-10 people, shared amenities, expansion potential.
      750-799 Technology Ave, Orem, UT 84097
      View Details
    • $1.36 SF/Yr

      Orem Office Space For Rent

      Office space available on State Street in Orem, Utah.
      560 S State St, Orem, UT 84058
      View Details
    • $22 SF/Yr
      1,260 SF

      Orem Office Space For Rent

      Office space centrally located near UVU & BYU.
      1280 South 800 East, Orem, UT 84057
      View Details
    • Contact for pricing
      9,633 SF

      Orem Warehouse, Distribution, Production Space

      Class A warehouse, distribution, and production space with I-15 access.
      1530 W 1200 N, Orem, UT 84057
      View Details
    • $4,000 /Mo
      536 SF

      Renovated Office Spaces Available

      Newly renovated office building with spaces available for rent.
      111 N Geneva Rd, Orem, UT 84057
      View Details
    • $1,640 /Mo
      960 SF

      Orem Blvd Office Suite

      Second floor office suite with kitchenette and private restroom.
      513 S Orem Blvd, Orem, UT 84058
      View Details
    • Contact for pricing
      1,310 SF

      Orem Retail/Fitness Space Available

      1,310 SF space suitable for retail or fitness uses.
      820 E 800 N, Orem, UT 84058
      View Details
    • $16 SF/Yr
      1,200 SF

      Retail/Office Space on State Street

      1,200 SF retail/office space for lease on State Street.
      1591 S State St, Orem, UT 84057
      View Details
    • $13 SF/Yr
      8,250 SF

      Orem Office Space Available

      8,250 SF office space with modern finishes for lease.
      721 N 1500 W, Orem, UT 84057
      View Details

    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.
    (801) 885-4304 Call to check price and availability
    Request Owner's contact information
    130 University Pkwy Orem, UT 84058
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    130 University Pkwy
    Orem, UT 84058
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lance Pendleton
    Lance Pendleton
    Real Estate License ID: 5594649-SA00
    (801) 885-4304
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!