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Property profile & analytics
OFF-MARKET
Specialty properties

205 State St Orem, UT 84057

0.7 ac lot Built 1988
Property ID
Property summary
AI-generated overview

This exceptional 1,267-square-foot office space is ideally situated at 205 N State Street, Orem, UT 84057, on the corner of 200 North. The property, classified as a Class B building constructed in 1988, offers a single-tenant occupancy in a highly visible location. Previously used as an optometrist's office, this space is well-suited for medical or traditional office uses. The building sits on a 0.7-acre lot in Utah County's Orem submarket, benefiting from an estimated 46,617 cars passing daily. The property boasts prominent monument signage and ample parking. Recent updates, completed in 2022, include renovations to the lobby and other common areas. The lease terms include a modified gross rent of $2100 per month plus $500 in CAM charges. The property is currently vacant and easily accessible for viewing. This is a fantastic opportunity for a business seeking a high-traffic, well-maintained office space in a thriving Orem location.

Property profile
Verified
Property type Specialty properties
Year built 1988
Lot 0.7 ac (30,492 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hill Family Dental Dental Office
  • Dr. Jerel Hill Dental Office
  • Dr. Jared Hill Dental Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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