1200 W Lori LN Lane #C15 Heber City, UT 84032
1 Bed
3 Baths
4,345 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 4,345 sqft
Price per Sqft $437
Subdivision Park East
MLS Listing ID 12602381
Bedrooms 1
Full Baths 1
Half Baths 2
HOA Fees $6,000/ann
Year Built 2017
Annual Tax Amount $13,247
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 0.06
Property Sub-Type Condominium
Source Park City Board of REALTORS®
Property Description
The property is currently 100% leased with three established long-term tenants in place, generating a 5%+ cap rate in one of Utah's fastest-growing markets. With seasoned leases, no vacancy, and immediate cash flow from day one, this is a stabilized asset designed for predictable returns.
The main level features a 14-foot oversized garage door opening to approximately 2,000 SF of flex warehouse space, ideal for equipment storage, showroom use, or business operations. It also includes four private offices, a large conference room, break room/kitchen area, and secure separation between warehouse and office space.
The second level offers more than 1,000 SF of residential living space, including a large bedroom, full en-suite bath, and spacious family room. The third level functions as a fully independent one-bedroom apartment with a designer kitchen, large bathroom, and comfortable living area. Both residential units benefit from strong rental demand due to their proximity to Deer Valley East Village and the Jordanelle corridor.
Originally finished by one of Park City's most respected builders, the property showcases exceptional craftsmanship and quality throughout, supporting long-term tenant retention and asset value.
Conveniently located just 5.5 minutes from Deer Valley East Village and 2 minutes from Jordanelle Reservoir, this property combines reliable cash flow with strong appreciation potential. With all three tenants in place, long-term leases, and a 5%+ cap rate that is increasingly difficult to find in the Park City area, this is a true turnkey investment opportunity.
Location
State UT
County Wasatch
Community Park East
Area 25 - Deer Mountain
Interior
Interior Features Storage, Ceiling Fan(s), Pantry, Ski Storage, Vaulted Ceiling(s)
Heating Forced Air
Cooling Air Conditioning
Flooring Wood
Fireplaces Type None
Equipment Appliances
Fireplace No
Exterior
Exterior Feature Drip Irrigation
Parking Features RV Garage, Assigned, Unassigned, Floor Drain, Hose Bibs, Oversized
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected
Amenities Available Fire Sprinklers, Pets Allowed, Security System - Entrance
View Y/N Yes
View Mountain(s), Ski Area
Roof Type Metal
Accessibility ADA Accessible
Garage No
Building
Lot Description Sprinklers In Rear, Sprinklers In Front, Level, Natural Vegetation, South Facing
Foundation Concrete Perimeter
Water Irrigation, Public
Structure Type Aluminum Siding,Stone
New Construction Yes
Schools
School District South Summit
Others
Tax ID 00-0021-1199
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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