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1200 W LORI LN photo 11 / 30

$1,995,000

1200 W LORI LN, Kamas, UT 84036

Type

Condo

List Price

$2.00M

Price/Sqft

$481

Est Gross Yield

0.9%

$17,700/yr est.

Property Details

Property typeCondo
Year built2015
Total units1
Living area4,145 sqft
Bedrooms1
Bathrooms2
Lot size0.01 acres
Parking6 spaces
Days on market3
Listed2026-06-15T00:00:00+00:00

Description

INVESTOR - Rare Three-Level Lock-Off Opportunity in Park East I. Rare opportunity to own one of the most private and versatile units within Park East I, a mixed-use development allowing 40+ permitted uses, including residential. Unit B7 is a highly desirable end unit sharing only one common wall, offering enhanced privacy, additional windows, and abundant natural light. Since Park East I was established in 2016, there have been fewer than six ownership transfers, with the majority of owners still being the original purchasers. Offering 4,145 square feet across three levels, the main level features nearly 2,000 square feet of warehouse/garage space with exceptional ceiling height, a 14-foot overhead door, and ample room for RVs, boats, Sprinter vans, vehicle collections, workshops, or racked storage. The second level provides flexible office or residential space, while the third level features a finished oversized one-bedroom apartment with a spacious family room, full kitchen, walk-in pantry, and laundry room. Designed for flexibility, the property can function as three separate lock-off spaces. Levels two and three are accessed from a dedicated exterior entrance, creating complete separation from the main level. Parking on two sides of the building further enhances accessibility and privacy. Located just 4.5 minutes from Deer Valley East Village off the Jordanelle Parkway, B7 is an ideal owner-user or investment opportunity in one of Utah's fastest-growing markets. As an added bonus, Seller will include a side-by-side UTV and trailer with an accepted full-price offer.

Listed by Jonathan Crosswhite · Christies International Real Estate VUE

Location

1200 W LORI LN, Kamas, UT 84036

Proforma

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Cap Rate

0.59%

Cash-on-Cash

-10.90%

Cash Flow

-$6,794/mo

Purchase Price$1,995,000
Down Payment35% ($698,250)
Interest Rate6.00%
Monthly Rent$1,475/mo
Vacancy5%
Expense Ratio30% ($5,045)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/18/2026, 12:01:49 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.