Views
Address
1200 W Lori Ln # C15, Heber City, UT
Price
$ 1,900,000
Property Attributes
- MLS#2162534
- TypeCondos
- Listing Status Active
- CountyWASATCH
- CityHeber City
- AreaCharleston
- NeighborhoodPARK EAST I
- Zip84032
- StyleTri/Multi-Level
- Year Built2017
- Taxes$ 13247
- Price$ 1,900,000
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms2
- Sqr Footage3634
- Lot Size0.06 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| South Summit Elementary School | South Summit Middle School | South Summit High School |
| Price History | |
|---|---|
| 6/3/2026 | Listed $1,900,000 |
General Features
| Living Area | 3634.0 |
|---|---|
| Sewer | Sewer: Connected,Sewer: Public |
| Heating | Forced Air |
| Utilities | Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected |
| Roof | Metal |
| Zoning | Commercial |
| HOA Fee | 6000.0 |
| Garage Spaces | 4.0 |
| Association Fee Includes | Maintenance Grounds,Water |
| Architectural Style | Tri/Multi-Level |
| Security Features | Fire Alarm |
| Construction Materials | Aluminum,Frame |
| Year Built | 2017 |
| View | Mountain(s) |
| Stories Count | 3 |
| Topography | Road: Paved,Sprinkler: Auto-Full,Terrain,Flat,View: Mountain,Drip Irrigation: Auto-Full |
| Unit Number | C15 |
| Property Subtype | Condominium |
| Current Use | Residential |
| Accessibility | Customized Wheelchair Accessible |
| Assoc Fee Paid Per | Annually |
| County | Wasatch |
| New Construction | No |
| Property Type | Residential |
| Association Amenities | Maintenance,Management,Snow Removal,Water |
| HOA | Yes |
| Attached Garage | Yes |
| Subdivision Name | PARK EAST I |
| Garage Y/N | Yes |
| Total Rooms | 4 |
| Full Baths | 1 |
| Status | Active |
| High School | South Summit |
| City | Heber City |
| Association Name | PMA |
| Senior Community Y/N | No |
| High School District | South Summit |
| Zoning Description | RES |
| MLS Area | Charleston; Heber |
| Lot Size Units | Acres |
| Lot Size Square Feet | 2613.6 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,Exchange |
| Elementary School | South Summit |
| Property Attached Y/N | No |
| Tax Annual Amount | 13247.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | South Summit |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Virtual Tour | https://tours.vuere.com/mls/244538111 |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | South Summit |
| Elementary School District | South Summit |
| Virtual Tour | https://tours.vuere.com/1200lorilanec15 |
| PostalCity | Heber City |
| ADU | No |
Interior Features
| Interior Amenities | Alarm: Fire,Disposal,Mother-in-Law Apt.,Range: Gas,Vaulted Ceilings,Smart Thermostat(s) |
|---|---|
| Basement | None,Slab |
| Flooring | Hardwood |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 3634.0 |
| Half Baths | 2 |
| Total Bedrooms | 1 |
| Total Baths | 3 |
| 1/2 Baths | 2 |
Exterior Features
| Vegetation | Landscaping: Full |
|---|---|
| Parking Features | Rv Parking,Attached,Opener |
| Lot Features | Road: Paved,Sprinkler: Auto-Full,View: Mountain,Drip Irrigation: Auto-Full |
| Water Source | Culinary,Irrigation |
| Total Parking | 4.0 |
| Lot Size Area | 0.06 |
| Spa | No |
| Building Area Total | 3634.0 |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 0.06 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| Covered Spaces | 4.0 |
| RV Parking Dimensions | 0.00 |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Condos Average in 84032
Price
Taxes
Year Built
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
