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    848 980 Orem, UT 84057

    For Lease
    $22 SF/Yr

    Prime Medical Office Space, I-15 Access

    Lot size:
    124,530 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional medical office condo available for lease in Orem, Utah. This single-tenant space, totaling 5,777 square feet, is situated within the desirable Il Centro Piazza Development. Built in 2008 and renovated in 2019, the building boasts a total of 124,530 square feet across three stories. The property features convenient ground-level access, ample parking (400 spaces), and elevators. The suite's current configuration includes 16 exam rooms, multiple procedure rooms, and staff areas, making it ideal for a variety of medical practices. Its location offers unparalleled convenience, with direct access to I-15 and proximity to Timpanogos Regional Hospital. The property is zoned commercial and located in Utah County at 848 N 980 W, Orem, UT 84057. A significant advantage is the owner's right to install building signage facing 800 North, providing excellent visibility and branding opportunities. This is a fully built-out space ready for immediate occupancy. The building is part of a larger complex with one building.

    Property Features for 848 980

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    124,530 SF
    Total Rate
    228305

    Building Details

    Year Built/Renovated
    2008/2019
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    5,777 SF
    Rate per SF
    $22

    HighLights

    • 5,777 SF medical office condo for lease in Orem, UT.
    • Ground‑level access with ample parking (5/1000 spaces designated).
    • Fully built‑out space with 16 exam rooms and multiple procedure rooms.
    • Excellent I‑15 access.
    • Prime visibility with building signage rights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mark Rowan Pediatrician Ana Dalling Doctor Landon Hendricks Pediatrician Jesse Alba Pediatrician

    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
    -111.71832634226
    Latitude
    40.312848613559

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space, I-15 Access
    Where is this medical office located?
    The property is located at 848 980 Orem, UT.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 5,777 SF medical office condo for lease in Orem, UT.; Ground-level access with ample parking (5/1000 spaces designated).; Fully built-out space with 16 exam rooms and multiple procedure rooms.
    Request Owner's contact information
    848 980 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
    848 980 Orem, UT 84057
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