Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1005 1200th W Orem, UT 84057-2839
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1005 1200th W Orem, UT 84057-2839

    View on Map
    • Industrial properties
    • 16,021 SF
    • 0.50 lot acres
    Off-Market
    Last Sale Mar 6, 2023
    Property ID
    US86-0662192
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sohler Pools / General Contractor
    • Marbella Landscaping / Landscaping / General Contractor

    Property Details for 1005 1200th W

    Year built
    1970
    Lot size
    0.50 lot acres
    Property size
    16,021 SF
    Property type
    Industrial properties
    APN
    17-032-0025
    APU
    170320025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.725
    Latitude
    40.3157
    CBSA code
    39340
    CBSA name
    PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,277
    $0.00
    $0.00
    $400,700
    -
    $306,300
    $94,400
    $400,700

    Comparable in this City

    • Value Estimation by Request
      127,495 SF

      1410 1200th N

      INDUSTRIAL (GENERAL) • 127,495 SF
      1410 1200th N, Orem, UT 84057-2448
      View Details
    • Value Estimation by Request
      11,396 SF

      1355 800th N

      INDUSTRIAL (GENERAL) • 11,396 SF
      1355 800th N, Orem, UT 84057-3518
      View Details
    • Value Estimation by Request
      18,120 SF

      80 1200th W

      INDUSTRIAL (GENERAL) • 18,120 SF
      80 1200th W, Orem, UT 84057-4418
      View Details
    • Value Estimation by Request
      2,750 SF

      727 1340th W

      CONDOMINIUMS (INDUSTRIAL) • 2,750 SF
      727 1340th W, Orem, UT 84057-6101
      View Details
    • Value Estimation by Request
      3,800 SF

      717 1340th W

      CONDOMINIUMS (INDUSTRIAL) • 3,800 SF
      717 1340th W, Orem, UT 84057-6101
      View Details
    • Value Estimation by Request
      1,920 SF

      852 1430th W

      INDUSTRIAL (GENERAL) • 1,920 SF
      852 1430th W, Orem, UT 84057-2891
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,847 SF

      Fully Leased Industrial Park

      Industrial park located off I-15 and Canyon Parkway.
      754 N 400 W, Orem, UT 84057
      View Details
    • $2,400,000
      8,469 SF

      Orem Industrial Building For Sale

      8,469 SF industrial building with flexible leasing options.
      1418 W Center St, Orem, UT 84057
      View Details
    • $2,286,900

      Prime Corner Lot For Sale

      Approximately 1.75 acre retail-zoned corner lot in high growth area.
      1223 W 1860 S, Orem, UT 84057
      View Details
    • $2,000,000

      Commercial Land Near Zion Park

      2.02 acres of commercial land en route to Zion National Park.
      362 North State St, Orem, UT 84057
      View Details
    • Contact for pricing
      4,400 SF

      Orem Office Space Available

      Office space with private offices, conference room, and breakroom.
      248 W Center St, Orem, UT 84057
      View Details
    • $570,000
      0.98 Acres

      Orem Medical Office Space

      Prime medical office space near two hospitals in Orem.
      421 N Orem Blvd, Orem, UT 84057
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,100 SF

      Orem Industrial Space Available

      Industrial space available for rent in Orem, Utah.
      986-1016 Industrial Park Rd, 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
    • Contact for pricing
      108,900 SF

      Orem Warehouse Space Available

      108,900 SF warehouse/distribution space in Orem, Utah.
      1580 West 800 North, Orem, UT 84057
      View Details
    • Contact for pricing

      Certified Nutraceutical/Food Production Facility

      30,000 SF certified production facility in Orem, Utah.
      657 N 1500 W, Orem, UT 84057
      View Details
    • Contact for pricing

      Vineyard Industrial Space For Lease

      Industrial space in Vineyard, Utah, near I-15 interchange.
      441 E 1750 N, Vineyard, UT 84057
      View Details
    • Contact for pricing
      1,760 SF

      Orem Flex/Industrial Space Available

      Flex/Industrial space for rent near I-15 in Orem.
      1356-1372 W Center St, Orem, UT 84057
      View Details
    Request Owner's contact information
    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.
    1005 1200th W
    Orem, UT 84057-2839
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!