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Property profile

1106 1680th W Orem, UT 84058

OFF-MARKET
Industrial properties
Property ID
US86-0335792
6,500 SF 0.15 ac lot Built 1999
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,525-square-foot light industrial condo in Orem, Utah, presents a compelling owner-user or investment opportunity. Located at 1106 S 1680 W, this Class B, single-unit warehouse boasts a desirable 7.22% pro-forma cap rate and a strong pro-forma NOI of $137,160. Built in 1999, the two-story building features an 18-foot clear ceiling height, two 12' x 14' grade-level roll-up doors with drive-through access, and a fenced yard. The property also includes a substantial 825-amp, 3-phase power system and a professionally installed mezzanine. A key advantage is the inclusion of a high-quality paint booth equipped with an 8-foot roll-up door, adding significant versatility. The asking price is $1,900,000, translating to $199.48 per square foot. The 0.149-acre lot is situated in a prime Orem location, offering convenient access to major transportation routes. Currently vacant, this property is ideal for a business seeking a functional and well-equipped space or an investor looking for a strong return. The property's APN is 482180013. This is a rare opportunity to acquire a well-maintained, versatile industrial space in a thriving Utah County market.

Property profile

Verified
Property type Industrial properties
Use group CONDOMINIUMS (INDUSTRIAL)
Year built 1999
Total area 6,500 SF
Lot 0.15 ac (6,490 SF)
APN 48-218-0013
UPID US86-0335792

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

1106 1680th W Orem, UT 84058-4929
Orem metro Census 2212 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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