Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    523 Commerce Rd Orem, UT 84058-5899

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    523 Commerce Rd Orem, UT 84058-5899

    View on Map
    • Industrial properties
    • 9,276 SF
    • 0.54 lot acres
    Off-Market
    Property ID
    US86-0534427
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Advance Plastics, Inc / Factory / Production Facility
    • Tegra Arms Inc / Gun Shop
    • clothes born / Clothing Store

    Property Details for 523 Commerce Rd

    Year built
    1995
    Lot size
    0.54 lot acres
    Property size
    9,276 SF
    Property type
    Industrial properties
    APN
    42-021-0038
    APU
    420210038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.728
    Latitude
    40.2876
    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
    2024
    $5,338
    $0.00
    $0.00
    $652,700
    -
    $248,500
    $404,200
    $652,700

    Comparable in this City

    • Value Estimation by Request
      1,563 SF

      1280 1380th W Ste, Unit 16

      CONDOMINIUMS (INDUSTRIAL) • 1,563 SF
      1280 1380th W Ste, Orem, UT 84058-4912
      View Details
    • Value Estimation by Request
      18,840 SF

      365 Mtn Way Dr

      INDUSTRIAL (GENERAL) • 18,840 SF
      365 Mtn Way Dr, Orem, UT 84058-5123
      View Details
    • Value Estimation by Request
      4,875 SF

      1761 Business Park Dr

      INDUSTRIAL (GENERAL) • 4,875 SF
      1761 Business Park Dr, Orem, UT 84058-2228
      View Details
    • Value Estimation by Request
      7,080 SF

      642 1325th W

      INDUSTRIAL (GENERAL) • 7,080 SF
      642 1325th W, Orem, UT 84058-4987
      View Details
    • Value Estimation by Request
      5,030 SF

      1272 1380th W

      CONDOMINIUMS (INDUSTRIAL) • 5,030 SF
      1272 1380th W, Orem, UT 84058-4911
      View Details
    • Value Estimation by Request
      6,500 SF

      1177 1680th W

      CONDOMINIUMS (INDUSTRIAL) • 6,500 SF
      1177 1680th W, Orem, UT 84058-4930
      View Details

    Similar Nearby for Sale

    • $499,000
      1,800 SF

      Orem Duplex: Income and Upside

      Duplex in Orem with updated units and income potential.
      1520 S 280 E, Orem, UT 84058
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      1200 State Highway 89 South, Logan, UT 84058
      View Details
    • $915,000
      3,348 SF

      Orem Multifamily Investment Opportunity

      Multifamily property in prime Orem location with updated units.
      225 W 1030 N, Orem, UT 84058
      View Details
    • $230,000
      0.23 Acres

      Residential Land Near UVU

      0.23 acre lot near UVU, ready to build.
      350 S 1200 W, Orem, UT 84058
      View Details
    • Contact for pricing

      Commercial Land Parcels Available

      Two parcels of land available for commercial use.
      1738 S Geneva Rd, Orem, UT 84058
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,614 SF

      Orem Flex Space Available

      Flex space with easy access, available August 2025.
      518 Commerce Rd, Orem, UT 84058
      View Details
    • $1.27 SF/Yr
      20,600 SF

      Washington County Office/Warehouse Units

      Office and warehouse units in central Washington County available for rent.
      526 S Commerce Dr, Hurricane, UT 84058
      View Details
    • $1.10 SF/Yr

      Office/Warehouse Units For Rent

      Office and warehouse units available for lease.
      526 S Commerce Dr, Hurricane, UT 84058
      View Details
    • Contact for pricing
      3,446 SF

      New Construction Flex Space Available

      3,446 SF flex space with easy highway access for lease.
      520 Commerce Rd, Orem, UT 84058
      View Details
    • Contact for pricing
      5,777 SF

      Orem Flex/Industrial Space Available

      Flex/Industrial space available for lease in Orem, Utah.
      1054-1084 S 1680 W, Orem, UT 84058
      View Details
    • Contact for pricing
      400 SF

      Orem Flex/Industrial Space Available

      Flex/Industrial space available for lease in Orem, Utah.
      1014-1046 S 1680 W, Orem, UT 84058
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    523 Commerce Rd
    Orem, UT 84058-5899
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!