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    Property profile & analytics

    40 University Pkwy Orem, UT 84058-7684

    • Showrooms
    • 87,031 SF
    • 5.69 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US86-0890659
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Panzerotti’s Pizza and Grill / Hamburger Restaurant
    • Da Ramalli Pizzeria / Italian Restaurant
    • Ashley Store / Kitchen Furniture Store / Mattress Store

    Property Details for 40 University Pkwy

    Year built
    1992
    Lot size
    5.69 lot acres
    Property size
    87,031 SF
    Property type
    Showrooms
    APN
    57-012-0013
    APU
    570120013

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.694
    Latitude
    40.2723
    CBSA code
    39340
    CBSA name
    PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $121,160
    $0.00
    $0.00
    $15,923,200
    -
    $6,498,300
    $9,424,900
    $15,923,200

    Comparable in this City

    • Value Estimation by Request
      109,542 SF

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      SHOW ROOM, WAREHOUSE • 109,542 SF
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    • Value Estimation by Request
      36,884 SF

      50 University Pkwy

      SHOW ROOM, WAREHOUSE • 36,884 SF
      50 University Pkwy, Orem, UT 84058-7332
      View Details
    • Value Estimation by Request
      26,318 SF

      20 University Pkwy

      SHOW ROOM, WAREHOUSE • 26,318 SF
      20 University Pkwy, Orem, UT 84058-7332
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    • Value Estimation by Request
      8,319 SF

      672 State St

      SHOW ROOM, WAREHOUSE • 8,319 SF
      672 State St, Orem, UT 84058-6389
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      7,557 SF

      204 400th S

      SHOW ROOM, WAREHOUSE • 7,557 SF
      204 400th S, Orem, UT 84058-6312
      View Details
    • Value Estimation by Request
      4,000 SF

      1355 465th S

      SHOW ROOM, WAREHOUSE • 4,000 SF
      1355 465th S, Orem, UT 84058-5844
      View Details

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      Retail Space in Power Center

      Retail space available in a busy power center.
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    Property Visit Statistics

    • Visits by month
      10.7k
    • Visitors by month
      7.7k
    • Avg Time on site
      37 min
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    40 University Pkwy
    Orem, UT 84058-7684
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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