Exceptional medical office condo available for lease in Orem, Utah. This single-tenant space, totaling 5,777 square feet, is situated within the desirable Il Centro Piazza Development. Built in 2008 and renovated in 2019, the building boasts a total of 124,530 square feet across three stories. The property features convenient ground-level access, ample parking (400 spaces), and elevators. The suite's current configuration includes 16 exam rooms, multiple procedure rooms, and staff areas, making it ideal for a variety of medical practices. Its location offers unparalleled convenience, with direct access to I-15 and proximity to Timpanogos Regional Hospital. The property is zoned commercial and located in Utah County at 848 N 980 W, Orem, UT 84057. A significant advantage is the owner's right to install building signage facing 800 North, providing excellent visibility and branding opportunities. This is a fully built-out space ready for immediate occupancy. The building is part of a larger complex with one building.

Property type Medical Office Space

Use group MEDICAL BUILDING

Year built 2008

Total area 4,877 SF

Lot 0.11 ac (4,966 SF)

APN 42-069-0105

UPID US86-0709960

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Pediatrician Medical Clinic
Physician
Pediatrician Medical Clinic
Pediatrician Medical Clinic

848 980th W Orem, UT 84057-7709

Orem metro Census 706 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

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$680k

since 2015

6 recorded transactions

2023

Price N/A

2017

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2015

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2011

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1969

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1969

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Comparables

6 recent transactions · within 1.5 mi

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Value Estimation by Request
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2,063 SF

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