• 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.

JP

Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.

KW Utah Realtors Keller Williams (REVO)

20 yrs experience

Salt Lake City, West Valley City
Dedicated buyer representation

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

Nearby

Recreation

74 / 100
Show 4 more

Everyday needs

68 / 100
Show 8 more

Internet

Excellent · fiber · 100/100
  • All 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 City
  • Heber 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 I

1200 W LORI LN #C15, Heber City, UT 84032

Open in map search

Common questions

About 1200 W LORI LN #C15, Heber City, Utah
What 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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