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Property profile & analytics
FOR LEASE
Community centers

130 E University Pkwy Orem, UT 84058

127,728 SF 1.52 ac lot Built 2019
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US86-0445152
Property summary
AI-generated overview

The Family Center at Orem, located at 130 E University Pkwy, Orem, UT 84058, presents a unique opportunity for retail businesses seeking high-visibility space in a prime location. This regional power center offers two available suites within a 129,794 square foot building, situated in the University Parkway submarket cluster of Orem, Utah. One suite offers 45,233 square feet of contiguous space, previously occupied by Painted Tree, while the other offers 11,000 square feet, formerly occupied by Lumber Liquidators. Both spaces are immediately available. The property benefits from excellent co-tenancy and enjoys a high-traffic count, with 58,955 average daily traffic (ADT) on University Parkway and 48,358 ADT on State Street. The minimum divisible space is 11,000 square feet, offering flexibility for various retail concepts. The property is offered on a triple net (NNN) lease basis at a rate of $2.35 per square foot. This exceptional retail space provides unparalleled access to a dense population and high consumer traffic, making it an ideal location for businesses seeking strong visibility and growth potential.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 2019
Total area 127,728 SF
Lot 1.52 ac (66,124 SF)
APN 57-105-0007
UPID US86-0445152
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
  • Cummings Family Electric Building Supply Electrical Service
  • Michaels Custom Framing (Bike/Boat/Book/etc) Store Home Decor Store
  • UPS Access Point location Courier Service Postal Service
  • Michaels (Bike/Boat/Book/etc) Store
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
Orem Family Center LLC · 4 yrs held
Orem Family Center LLC
since 2022
7 recorded transactions
2022
Price N/A
2020
Price N/A
2019
Price N/A
2017
Price N/A
2016
Price N/A
2015
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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