1200 W Lori Ln Unit C15, Heber City, UT 84032
- $1,900,000
- 1
- BD
- 3
- BA
- 3,634
- SqFt
- List Price
- $1,900,000
- Status
- ACTIVE
- MLS#
- 2162534
- Days on Market
- 53
- Year Built
- 2017
- Bedrooms
- 1
- Bathrooms
- 3
- 1/2 Baths
- 2
- Square Feet
- 3,634
- Parcel Number
- 00-0021-1199
- Acres
- 0.06
- Terms
- Cash, Conventional, Exchange
- County
- Wasatch
- Region
- Charleston; Heber
- Subdivision
- Park East I
Property Description
1200 Lori Lane #C15 is a rare opportunity to own a true income-producing investment property in the heart of the Wasatch Back. This 4,400 SF luxury flex space features three fully lockable levels, allowing for three separate tenants with no crossover between spaces--an increasingly sought-after configuration for today's investors. 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.
Additional Information
- Taxes
- $13,247
- Hoa Fee
- $6,000
- HOA Amenities
- Maintenance, Management, Snow Removal, Water
- Interior Features
- Alarm: Fire, Disposal, Mother-in-Law Apt., Range: Gas, Vaulted Ceilings, Smart Thermostat(s)
- Basement
- None, Slab
- Floor
- Hardwood
- Garage Spaces
- 4
- Heating
- Forced Air
- Roof
- Metal
- School District
- South Summit
- Elementary School
- South Summit
- Middle School
- South Summit
- High School
- South Summit
- Style
- Tri/Multi-Level
- Living Area
- 3,634
Mortgage Calculator
Listing courtesy of Christie's International Real Estate VUE.
Information deemed reliable but not guaranteed accurate. Buyer to verify all information. Terms of UseThe multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.