Question 1

What is the asking price for 1365 BUSINESS PARK, Orem?

Accepted Answer

1365 BUSINESS PARK, Orem is listed at $4,290,600.  Current status: Pending.

Question 2

When was 1365 BUSINESS PARK, Orem built?

Accepted Answer

This property was built in 2002, making it 24 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 3

What type of property is 1365 BUSINESS PARK, Orem?

Accepted Answer

1365 BUSINESS PARK, Orem is a Commercial Sale (Office).

Question 4

Is there an HOA for 1365 BUSINESS PARK, Orem?

Accepted Answer

No, this property is not part of a homeowners association, which means no monthly HOA fees. Homeowners maintain full control over their property without HOA restrictions or assessments.

Question 5

What are the property taxes for 1365 BUSINESS PARK, Orem?

Accepted Answer

Annual property taxes for this property are approximately $27,551 (about $2,296/month). This represents an effective tax rate of approximately 0.64% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

How long has 1365 BUSINESS PARK, Orem been on the market?

Accepted Answer

This property has been listed for 147 days. The average days on market in Orem is 49 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 7

What schools serve 1365 BUSINESS PARK, Orem?

Accepted Answer

There are 5 schools within 3 miles of this property. The highest-rated nearby school is Lumen Scholar Institute with a 59% state performance score (2.7 miles away).

Question 8

What elementary school is near 1365 BUSINESS PARK, Orem?

Accepted Answer

The nearest elementary school is Vineyard School (1.1 miles away). State performance score: 55%. District: Alpine District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 9

How good are the schools near 1365 BUSINESS PARK, Orem?

Accepted Answer

Of the 5 schools within 3 miles, 5 have state performance data with an average score of 55%.  School quality is a key factor in home values — properties near top-rated schools typically command a 5-10% premium. Visit each school's detail page on Propaired for full performance breakdowns.

Question 10

How does this listing compare to the Orem market?

Accepted Answer

1365 BUSINESS PARK, Orem is listed at $4,290,600, which is above the Orem median of $507,000 by $3,783,600. There are currently 179 active listings in Orem. Homes in Orem sell in an average of 49 days. The average sale-to-list ratio is 98.9%.

Question 11

What is the Orem real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Orem is $507,000. There are currently 179 active listings. Homes sell in an average of 49 days. The average sale-to-list ratio is 98.9%. This listing at $4,290,600 is above the Orem 2026 median.

Question 12

Are there other homes for sale in Orem?

Accepted Answer

Yes — there are currently 179 active listings in Orem. Browse all Orem homes for sale at propaired.ai/listings/ut/orem. Prices range around a median of $507,000. Homes in Orem are selling in about 49 days on average.

Question 13

What is the Orem neighborhood like?

Accepted Answer

College town atmosphere adjacent to Provo. Affordable, good schools, diverse population, shopping centers, family activities. Growing job market. Orem is known for: affordable, family-friendly, college-town, diverse. Population: approximately 100,000. Explore the full Orem market data and community guide on Propaired.

Question 14

How does this price compare to the Utah state average?

Accepted Answer

At $4,290,600, this property is above the Utah state median of $525,000 by $3,765,600. Orem prices are 3% below the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 15

What is the commute like from 1365 BUSINESS PARK, Orem?

Accepted Answer

1365 BUSINESS PARK, Orem is located in Orem, in the Wasatch Front region of Utah. With a population of approximately 100,000, Orem offers a residential setting. Commute times vary by destination — most Wasatch Front cities are within 30-60 minutes of downtown Salt Lake City via I-15. Consider rush-hour traffic patterns when evaluating this location.

Question 16

What is the Orem community like?

Accepted Answer

Orem is known for: affordable, family-friendly, college-town, diverse, good-schools. The city has approximately 100,000 residents. The median home price in Orem is $380,000. Explore the full Orem community profile on Propaired for detailed neighborhood insights.

Question 17

Is Orem a safe and family-friendly area?

Accepted Answer

Orem is characterized as: family-friendly. With a population of about 100,000, Orem offers a family-oriented environment. For detailed crime statistics and neighborhood safety data, consult local law enforcement resources and community reports.

Question 18

What would homeowner's insurance cost for 1365 BUSINESS PARK, Orem?

Accepted Answer

Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $4,290,600, expect approximately $12,872-$21,453/year ($1,073-$1,788/month).   Get multiple quotes — rates vary significantly by insurer.

Question 19

What are the estimated closing costs for 1365 BUSINESS PARK, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $4,290,600, expect approximately $85,812-$214,530 in closing costs. This includes title insurance, escrow fees, lender fees, recording fees, and prepaid items (insurance, taxes). Buyers should also budget for a home inspection ($300-$500), appraisal ($400-$600), and any lender-required reserves.

Question 20

How does the property tax compare to the list price at 1365 BUSINESS PARK, Orem?

Accepted Answer

The annual property tax of $27,551 represents an effective rate of 0.64% relative to the list price of $4,290,600. This is near the Utah average effective rate of approximately 0.58%. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 21

Is 1365 BUSINESS PARK, Orem eligible for FHA or VA financing?

Accepted Answer

At $4,290,600, this property may exceed standard FHA loan limits and could require a conventional or jumbo loan. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 22

Could 1365 BUSINESS PARK, Orem be a 1031 exchange property?

Accepted Answer

Yes, 1365 BUSINESS PARK, Orem could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.

Question 23

What is the price trend in Orem?

Accepted Answer

Orem's median price has increased 1.0% month-over-month. Current median: $507,000. Days on market have increased by 5.3% month-over-month. Homes are selling at 98.9% of list price on average. Monitor these trends to time your offer strategically.

Question 24

How do nearby schools rank statewide?

Accepted Answer

Of the 5 nearby schools with state rankings, the highest-ranked is Lakeridge Jr High at #181 statewide (53% performance score). Other ranked nearby schools include Trailside Elementary (#203) and Vineyard School (#205). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 25

Is 1365 BUSINESS PARK, Orem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 26

What updates might 1365 BUSINESS PARK, Orem need?

Accepted Answer

At 24 years old, common updates to consider include: HVAC system update.   These are general guidelines based on typical component lifespans — the actual condition depends on maintenance history. Always get a professional inspection and ask the seller for maintenance records and any recent upgrades.

Question 27

Does 1365 BUSINESS PARK, Orem come with a home warranty?

Accepted Answer

No home warranty is currently included with this property. Buyers can request a home warranty as part of the purchase negotiation — they typically cost $400-$700/year and cover major systems and appliances. This is especially valuable for older homes.

Question 28

What is the lot like at 1365 BUSINESS PARK, Orem?

Accepted Answer

The lot is 1.49 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

1365 BUSINESS PARK, Orem, UT 84058

1365 W BUSINESS PARK DR, Orem, UT 84058

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