- Great Deal (vs Market)
1200 W LORI LN #C15, Heber City, UT 84032
$1,900,000
Est. $12,376/mo
- Bed
- 1
- Baths
- 3
- Sq ft
- 3,634
- Built
- 2017
Why this home stands out
- Priced 42% below AVM estimate
About this home
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.
Features
- Alarm: Fire
- Disposal
- Mother-in-Law Apt.
- Range: Gas
- Vaulted Ceilings
- Smart Thermostat(s)
Agents
Connect with your buyer agent
Get local guidance on this home from Juston.
Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.
20 yrs experience
Listed by Jonathan Crosswhite
Christie's International Real Estate VUE
MLS #2162534
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See the deal analysis, value and rental income
Ask Juston how this home rates as a deal, what it should sell for, and what it could earn as a long-term or short-term rental.
- Deal score
- Estimated value
- Rental income
Schools
South Summit- South Summit
Elementary
- South Summit
Middle School
- South Summit
High School
Nearby
Recreation
74 / 100- Trailhead · Lost Prospector1.6 mi
- Local Park · Park City Dog Park1.9 mi
- Golf Course · Promontory Club - Jack Nicklaus Course2.9 mi
- Boat Ramp · Jordanelle State Park-Hailstone North3.6 mi
Show 4 more
- State Park · Jordanelle State Park3.9 mi
- Lake · Jordanelle Reservoir5.2 mi
- Ski Resort · Deer Valley Resort5.9 mi
- Fishing · Weber River15 mi
Everyday needs
68 / 100- Restaurant · Molina's Mexican Kitchen984 ft
- Gym · Oak and Willow Studio1280 ft
- Park · Park City Dog Park1.9 mi
- EV Charging · ChargePoint Charging Station1.9 mi
Show 8 more
- Doctors · The Orthopedic Partners - Park City2.1 mi
- Hospital · Intermountain Health Park City Hospital2.2 mi
- Bank · Zions First National Bank2.2 mi
- Cafe · Silver King Café2.2 mi
- School · Volo Natural Learning Community2.4 mi
- Fire Station · Park City Fire Dept. Station 374.0 mi
- Gas Station · Exxon4.2 mi
- Grocery · Anaya's Market Park City5.3 mi
Internet
Excellent · fiber · 100/100All West/Utah Inc.
Fiber · 8 Gbps
Quantum Fiber
Fiber · 2 Gbps
Utah Broadband
Fiber · 2 Gbps
All 11 providers
- All West/Utah Inc.Fiber8 Gbps8 Gbps
- Quantum FiberFiber2 Gbps1 Gbps
- Utah BroadbandFiber2 Gbps2 Gbps
- XfinityCable2 Gbps250 Mbps
- CenturyLinkFiber1 Gbps1 Gbps
- Utah BroadbandFixed Wireless1 Gbps1 Gbps
- StarlinkSatellite280 Mbps30 Mbps
- HughesNetSatellite100 Mbps5 Mbps
- T-MobileFixed Wireless100 Mbps20 Mbps
- Viasat IncSatellite100 Mbps3 Mbps
- VerizonFixed Wireless25 Mbps6 Mbps
- Viasat Carrier Services IncSatellite25 Mbps3 Mbps
- CenturyLinkDSL0 Mbps0 Mbps
Home details
Property
- Type
- Residential
- Style
- Condominium
- Architectural style
- Tri/Multi-Level
- Year built
- 2017
- Stories
- 3
- Above grade area
- 3,634 sq ft
- Condition
- Blt./Standing
- Construction
- Aluminum,Frame
- Subdivision
- PARK EAST I
- County
- Wasatch
- Zoning
- Commercial
- MLS #
- 2162534
Costs
- List price
- $1,900,000
- HOA
- $6,000 / Annually
- Annual taxes
- $13,247
- Home warranty
- No
Lot and parking
- Lot
- 2,614 sqft
- Lot features
- Road: Paved,Sprinkler: Auto-Full,View: Mountain,Drip Irrigation: Auto-Full
- Garage
- 4 cars
- Covered spaces
- 4
- Total parking
- 4
Systems
- Heating
- Forced Air
- Roof
- Metal
- Flooring
- Hardwood
- Basement
- None,Slab
- Water
- Culinary,Irrigation
- Sewer
- Sewer: Connected,Sewer: Public
- View
- Mountain(s)
All home details56 details
Property Info
- Property Type
- Residential
- Property Style
- Condominium
- Architectural Style
- Tri/Multi-Level
- Condition
- Blt./Standing
- MLS #
- 2162534
- County
- Wasatch
- Subdivision
- PARK EAST I
- Year Built
- 2017
- New Construction
- No
- Stories
- 3
- Total Rooms
- 4
- Living Area
- 3,634 sq ft
- Above Grade Area
- 3,634 sq ft
- Lot Size (Acres)
- 0.06
- Lot Size
- 2,613.6 sq ft
- Zoning
- Commercial
Bedrooms & Baths
- Bedrooms
- 1
- Total Bathrooms
- 3
- Full Baths
- 1
- Half Baths
- 2
Financial
- List Price
- $1,900,000
- HOA Fees
- $6,000
- HOA Frequency
- Annually
- HOA
- Yes
- Annual Taxes
- $13,247
- Home Warranty
- No
Structure
- Construction
- Aluminum,Frame
- Basement
- None,Slab
- Roof
- Metal
- Flooring
- Hardwood
- Heating
- Forced Air
Lot & Land
- Lot Features
- Road: Paved,Sprinkler: Auto-Full,View: Mountain,Drip Irrigation: Auto-Full
- Topography
- Road: Paved, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain, Drip Irrigation: Auto-Full
- View
- Mountain(s)
- Waterfront
- No
- Horse Property
- No
Parking
- Garage
- Yes
- Garage Spaces
- 4
- Carport
- No
- Covered Spaces
- 4
- Total Parking
- 4
- ADU
- No
Amenities
- Fireplace
- No
- Pool
- No
- Spa/Hot Tub
- No
Utilities
- Water Source
- Culinary,Irrigation
- Sewer
- Sewer: Connected,Sewer: Public
- Utilities
- Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Schools
- Elementary
- South Summit
- Middle School
- South Summit
- High School
- South Summit
- Elementary District
- South Summit
Timeline
- Listed
- Jun 3, 2026
- Days on Market
- 40
- Status
- Active
Media
- Property Website
- Visit website
Heber City market
Explore Heber CityHeber City median
$895,000
This home: 112% above
Days to sell
96
Utah: 70
Homes for sale
348
Price range
$17k – $31M
Sale to list
98%
Market
Buyer's market
SafetyModerate · 45.0 incidents per 1,000 residents · 3% below the Utah average
Safety rating 4.9 out of 10.
Violent
7.8
per 1,000 · national 3.6
Property
22.4
per 1,000 · national 17.6
vs Utah
−3%
46.4 per 1,000 statewide
vs Wasatch
+20%
37.4 per 1,000 countywide
Society
14.8
per 1,000
Population 19,082 · 2024 reports · Local rates use NIBRS; national rates use FBI UCR index crimes, which count fewer offense types.
Location
PARK EAST I1200 W LORI LN #C15, Heber City, UT 84032
Open in map searchCommon questions
About 1200 W LORI LN #C15, Heber City, UtahWhat is the asking price for 1200 W LORI LN #C15, Heber City?
1200 W LORI LN #C15, Heber City is listed at $1,900,000 ($523/sqft). This listing is currently active and available for showings.
Is 1200 W LORI LN #C15, Heber City a good deal?
Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 100/100. Key deal signals: Priced 42% below AVM estimate. The price is 33% below similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.
Is 1200 W LORI LN #C15, Heber City a good investment property?
Based on market rental data, this property has an estimated annual rent of $65,880 with a gross rental yield of 3.5%. Net rental yield (after estimated expenses): 2.3%. Estimated debt service coverage ratio (DSCR): 0.47. Investor score: 37/100. These are estimates based on area comparables.
What lifestyle features does 1200 W LORI LN #C15, Heber City offer?
Propaired's AI has identified 7 lifestyle features for this property: Close to Skiing, Luxury Estate, RV Friendly, ADU & Multigenerational, Investor Special, Historic & Character, New Construction. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.
What recreation is near 1200 W LORI LN #C15, Heber City?
This property has a recreation score of 74/100. Nearby recreation includes: Lost Prospector trailhead (1.6 mi); Park City Dog Park park (1.9 mi); Promontory Club - Jack Nicklaus Course (2.9 mi); Jordanelle State Park (3.9 mi). Skiing: Deer Valley Resort (5.9 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.
What amenities and services are near 1200 W LORI LN #C15, Heber City?
This property has an amenity proximity score of 68/100. Nearby services include: Grocery: Anaya's Market Park City (5.3 mi); Hospital: Intermountain Health Park City Hospital (2.2 mi); Pharmacy: Kamas Foodtown Pharmacy (8.1 mi); Dining: Molina's Mexican Kitchen (0.2 mi). Gas station: 4.2 miles. Gym: Oak and Willow Studio (0.2 mi).
All 8 questions
What schools serve 1200 W LORI LN #C15, Heber City?
Assigned schools: Elementary: South Summit; Middle: South Summit; High: South Summit. School district: South Summit.
What is the internet speed at 1200 W LORI LN #C15, Heber City?
This property has a broadband score of 100/100 (Excellent). Best available speed: 8000 Mbps download / 8000 Mbps upload. Fiber internet is available at this address. Available providers: All West/Utah Inc. (8000 Mbps, Fiber); CenturyLink (1000 Mbps, Fiber); CenturyLink (0 Mbps, DSL). Total providers: 11.
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