195 Orem Blvd Orem, UT 84058-3003
- Office buildings
- 6,170 SF
- 0.40 lot acres
Mar 12, 2025
Current Use by Public Records
- Pelorus Methods, Inc. / Software Company
- Utah Limo Rentals / Limousine Service
- Legacy Windows LLC / Window Supplier
- Johnson Livingston / Attorney / Personal Injury Attorney
Property Details for 195 Orem Blvd
- Year built
- 1992
- Lot size
- 0.40 lot acres
- Property size
- 6,170 SF
- Property type
- Office buildings
- APN
- 18-007-0121
- APU
- 180070121
Description
This exceptional two-story, 6,170 square foot Class B office building in Orem, Utah, presents a compelling investment opportunity. Located at 195 S Orem Blvd, this fully occupied (100%) multi-tenant property boasts a strong net operating income (NOI) of $78,826, generating a 6.57% cap rate. The asking price is $1,200,000, translating to $194.49 per square foot. Built in 1992, the building sits on a 0.4-acre lot and features recently updated lobbies and interior suites, enhancing its appeal to tenants. A prominent monument sign on Orem Blvd ensures high visibility. The property's central location provides easy access to major roadways and public transportation, benefiting from Orem's thriving economy and proximity to Utah Valley University. The property's features include one building, a triple net (NNN) lease type, and a total of 6,170 square feet of space. The APN is 180070121. This is a turnkey investment ready to generate immediate income. The property's strong occupancy and positive cash flow make it an attractive addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orem
- County
- Utah
- State
- Utah
- Longitude
- -111.696
- Latitude
- 40.2936
- CBSA code
- 39340
- CBSA name
- PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
