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Property profile & analytics
OFF-MARKET
Industrial properties
1128 1680th W Orem, UT 84058-4929
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0532369
Property summary
AI-generated overview
This single-tenant industrial flex space in Orem, Utah, totals 7,600 square feet on a 6,490.44 square foot lot. The building, constructed in 1999, is classified as Class C and features a convenient blend of office and warehouse space. The 2,200 square foot office area includes multiple offices, three restrooms, and a reception area. The 5,400 square foot warehouse boasts a 12' x 14' grade-level loading door, providing easy access for loading and unloading. Ample parking is available for employees and clients. The property's location at 1128 S 1680 W, Orem, UT 84058, offers excellent accessibility, with convenient proximity to the I-15/University Parkway Interchange. The property is available for lease starting August 1, 2024, with a lease rate of $1.00 per square foot, NNN. The APN is 48:218:0016. This property presents a fantastic opportunity for businesses seeking a functional and well-located space in a thriving Utah community. The building has no elevators.
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
48-218-0016
UPID
US86-0532369
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jad Properties LLC · 4 yrs held
Jad Properties LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,249
Tax year 2024
Assessed value
$641,800
Assessed 2024
Previous assessed
$641,800
+0.0% YoY
Effective rate
0.82%
On assessed value
Land market value
$143,700
Improvement market value
$498,100
Total market value
$641,800
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1999
Heating
SPACE
Cooling
YES
Stories
1
Total area
6,500 SF
Lot
0.15 ac (6,490 SF)
APN
48-218-0016
UPID
US86-0532369
Jurisdiction
UTAH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Jad Properties LLC
Entity
Mailing address
373 MATISSE LN, ALPINE, UT 84004-1757
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
—
Jad Properties LLC
—
Deed
related
$885,000 · Central Bank
Apr 21, 2022
—
Jad Properties LLC
—
Deed
related
$4,519,800 · Rock Canyon Bank
Aug 5, 2021
—
Jad Properties LLC
Sara Ann Drussel
Warranty Deed
—
Oct 2, 2020
—
Squire,rose M Trust
Rose M Squire
Quit Claim Deed
related
—
May 19, 2006
—
Gatekeeper Properties LLC
Keymaster LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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