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Property profile & analytics
OFF-MARKET
Office buildings
493 Orem Blvd, Orem, UT 84058-3102
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0366823
Property summary
AI-generated overview
This exceptional executive office space in Orem, Utah, presents a fantastic opportunity for businesses seeking a prime location. Situated at 493-495 S. Orem Blvd, 84058, this property boasts a total of 2,880 square feet, with 1,440 square feet currently available for lease. The space is designed as a multi-tenant building, offering flexibility for various business needs. The layout includes a blend of open areas and private offices, catering to diverse professional setups. A significant advantage is the inclusion of 1,440 square feet of bonus basement storage space, ideal for inventory, archives, or additional equipment. This provides ample room for expansion and efficient organization. The property is located in Utah County, offering easy access to major transportation routes and local amenities. This is an excellent opportunity to secure a well-appointed office space in a thriving Orem business district. The building's design and features make it suitable for a range of businesses seeking a functional and convenient workspace. The available space is ready for immediate occupancy.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
2,880 SF
Lot
0.04 ac (1,525 SF)
APN
55-418-0007
UPID
US86-0366823
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
-
Collegium Aescalapium Charitable Organization Social Service Agency
-
Transamerica Financial Advisors Inc Financial Advisor
-
Kids Only Home Health Home Health Care Service
-
Anew Medical Enhancement Center Medical Clinic
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
South Point Counseling Services LLC · 1 yrs held
South Point Counseling Services LLC
since 2025
7 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,287
Tax year 2023
Assessed value
$432,000
Assessed 2023
Previous assessed
$432,000
+0.0% YoY
Effective rate
0.76%
On assessed value
Land market value
$77,600
Improvement market value
$354,400
Total market value
$432,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,880 SF
Lot
0.04 ac (1,525 SF)
APN
55-418-0007
UPID
US86-0366823
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
1998
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
South Point Counseling Services LLC
Entity
Mailing address
11 E 200TH N, OREM, UT 84057-4737
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
—
South Point Counseling Services LLC
Whoshh Properties LLC
Warranty Deed
$480,000 · Zb NA
Jan 21, 2025
—
Whoshh Properties LLC
Hornecare Specialist LLC
Warranty Deed
—
Feb 13, 2007
—
Homecare Specialist LLC
Opfar,wade L & Mickie F
Warranty Deed
—
Apr 12, 2004
—
Wade L Opfar
Olsen Eugene F & Reae S T
Warranty Deed
$335,000 · Olsen Eugene F & Rae S J (tr)
Apr 2, 2003
—
Olsen,tr
Ctr Exchange Svcs Southern Ut
Grant Deed
related
—
—
—
Homecare Specialists LLC
—
Deed Of Trust
related
$335,000 · Mickie F Opfar
—
—
Homecare Specialists LLC
—
Deed Of Trust
related
$302,041 · Olsen E F & R S J F Tr (pt)
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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