1778 N State St, Orem, UT 84057
For Sale
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This exceptional two-story, Class B office building presents a compelling investment opportunity in Orem, Utah. Boasting 14,434 square feet of space, this multi-tenant property sits on a sizable 1.148-acre lot with convenient State Street frontage and access. Built in 1992, the building offers ample parking with a generous 3.69 spaces per 1,000 square feet (44 stalls total). The asking price is $2,650,000, translating to $183.59 per square foot. Its strategic location provides easy access to Interstate 15, just four minutes away, ensuring excellent visibility and convenient commuting for employees and clients. The property's size and location make it ideal for owner-occupiers seeking a substantial presence in a thriving Utah County market. The APN is 41:517:0001. This is a rare opportunity to acquire a well-maintained, established office building in a high-demand area. The property's features and location combine to offer a strong return on investment. Don't miss this chance to secure a valuable asset in a rapidly growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.