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Property profile & analytics
OFF-MARKET
Flex space
978 1540th W Orem, UT 84057-4493
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0628009
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1998
Total area
2,420 SF
Lot
0.17 ac (7,405 SF)
APN
55-111-0011
UPID
US86-0628009
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
-
Design West Acoustics Hardware & Home Improvement Interior Design
-
U Move (A U-Haul Neighborhood Dealer) Car Rental Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
-
STAR TOWING & RECOVERY Auto Repair Shop
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
Kris Lindquist · 23 yrs held
Kris Lindquist
since 2003
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,011
Tax year 2024
Assessed value
$245,900
Assessed 2024
Previous assessed
$245,900
+0.0% YoY
Effective rate
0.82%
On assessed value
Land market value
$100,200
Improvement market value
$145,700
Total market value
$245,900
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1998
Heating
SPACE
Stories
1
Total area
2,420 SF
Lot
0.17 ac (7,405 SF)
APN
55-111-0011
UPID
US86-0628009
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
SPACE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Kris Lindquist
Individual
Mailing address
1333 E 1200TH S, SPRINGVILLE, UT 84663-3813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
—
Tyler Johnson
—
Deed
related
—
Dec 14, 2022
—
Kris Lindquist
—
Deed
related
$300,000 · Altabank
Mar 29, 2017
—
Kris Lindquist
—
Deed
related
$150,000 · Bank Of American Fork
Jan 24, 2003
—
Kris Lindquist
Broken In Blues INC
Grant Deed
$93,000 · Bank Of American Fork
Jun 8, 1999
—
Broken In Blues INC
Calaway,kim B
Grant Deed
$115,500 · Western Fsb
Jul 16, 1998
—
Kim B Calaway
Nixon,rulon & Billie J
Grant Deed
$100,000 · Seller
Dec 9, 1997
—
Rulon Nixon
Kokkola,michael
Grant Deed
related
—
Sep 17, 1997
—
Michael Kokkola
Johnson,robert N & Pat B
Grant Deed
related
—
—
—
Kris Lindquist
—
Deed Of Trust
related
$100,000 · Bank Of American Fork
—
—
Kris Lindquist
—
Loan Modification
related
$150,000 · Bank Of American Fork
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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