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    545 University Pkwy Orem, UT 84097

    For Lease
    $32 SF/Yr

    Modern Orem Office, 3,000-100,000 SF Available

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    University Place Tower, a Class A, 100,000 square foot office building in Orem, Utah, offers exceptional executive office and traditional office space. Completed in 2022, this four-story building boasts a prime location at 545 E University Pkwy, 84097, within the Orem submarket of Utah County. The entire 100,000 square feet is currently vacant and available for lease, with a minimum divisible space of 3,000 square feet and the possibility of leasing the entire contiguous 100,000 square feet. This presents a unique opportunity for businesses seeking flexible and modern office accommodations. The building's convenient location provides easy access to a variety of amenities, including a walkable selection of restaurants ranging from quick-service to casual dining options, as well as retail establishments and essential services such as banks, barbershops, tailors, dental offices, and optical services. This makes University Place Tower an ideal location for employees and clients alike. The property is situated in a thriving submarket, offering excellent visibility and accessibility. Contact us today to learn more about leasing opportunities.

    Property Features for 545 University Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Class
    A
    Total Rate
    266666.67

    Building Details

    Year Built
    2022
    Stories
    4

    Unit(s) available at that property

    Space
    Bldg 3 - 7th Floor
    Size
    20,000 SF
    Rate per SF
    $32
    Space
    Bldg 3 - 8th Floor
    Size
    20,000 SF
    Rate per SF
    $32
    Space
    Bldg 3 - 6th Floor
    Size
    20,000 SF
    Rate per SF
    $32
    Space
    Bldg 3 - 9th Floor
    Size
    20,000 SF
    Rate per SF
    $32

    HighLights

    • 4‑story Class A office building atop a 5‑story parking structure.
    • Brand new spec suites available June 1, 2024.
    • 1.3 million square feet of surrounding retail.
    • 30 on‑site restaurants.
    • Adjacent to Costco and Trader Joe's.
    • On‑site housing development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AT&T Store Cell Phone Store ZANDA Digital Marketing Agency Making Success Online ... Internet Marketing Service Auto-Owners Insurance Orem ... Insurance Company Solex LLC Educational Institution

    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
    -111.6803798
    Latitude
    40.273515

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Orem Office, 3,000-100,000 SF Available
    Where is this office property / space located?
    The property is located at 545 University Pkwy Orem, UT.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 4-story Class A office building atop a 5-story parking structure.; Brand new spec suites available June 1, 2024.; 1.3 million square feet of surrounding retail.
    Request Owner's contact information
    545 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
    545 University Pkwy Orem, UT 84097
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