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Property profile & analytics
FOR LEASE
Office buildings
898 N 1200 W, Orem, UT 84057
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0294219
For Lease
1 / 3
Contact for pricing
898 N 1200 W, Orem, UT 84057
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
30,964 SF
Lot
2.95 ac (128,502 SF)
APN
47-282-0003
UPID
US86-0294219
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
-
Allen & Sons Electricians Electrical Service General Contractor
-
Videra Health (Bike/Boat/Book/etc) Store Corporate Office
-
National Processing Business To Business Service Business Development Service
-
AppleRepair Electronics Electronics & Wireless Store
-
Old American Tile Home Decor Store Department Store
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
Fws3 LLC · 3 yrs held
Fws3 LLC
since 2023
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
$46,917
Tax year 2023
Assessed value
$6,166,000
Assessed 2023
Previous assessed
$6,166,000
+0.0% YoY
Effective rate
0.76%
On assessed value
Land market value
$1,969,600
Improvement market value
$4,196,400
Total market value
$6,166,000
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
For Lease
Year built
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
30,964 SF
Lot
2.95 ac (128,502 SF)
APN
47-282-0003
UPID
US86-0294219
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
2008
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.95 ac
Current owner
From public records · entity-resolved
Fws3 LLC
Entity
Mailing address
898 N 1200TH W OREM
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
Fws3 LLC
—
Deed
related
$6,205,000 · Utah Community Cu
Jun 5, 2023
—
Fws3 LLC
Fsw3 LLC
Warranty Deed
—
Apr 24, 2023
—
Fsw3 LLC
Financial Wealth Strategies LLC
Warranty Deed
—
Jul 22, 2022
—
Financial Wealth Strategies LLC
—
Deed
related
$3,422,000 · B Side Capital
Nov 19, 2021
—
Fianncial Wealth Strategies LLC
Vineyard Flagship 87 LLC
Warranty Deed
$7,482,800 · Rock Canyon Bank
Aug 13, 2021
—
Joshua Biagio
Joshua Biagio
Intrafamily Transfer
related
$480,000 · Mountain America FCU
Jul 31, 2017
—
Vineyard Flagship 87 LLC
—
Deed
related
$4,000,000 · Wells Fargo Bank NA
Oct 27, 2016
—
Vineyard Flagship 87 LLC
Myhre Holdings Orem LLC
Special Warranty Deed
$2,925,720 · Central Bank
—
—
Myhre Holdings-orem LLC
—
Deed Of Trust
related
$4,920,000 · Lasalle National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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