For sale MLS# 2162534 · 145 days on the market
$1,900,000
It starts with a call with an agent.
1200 W Lori Ln #C15, Heber City, UT 84032
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.
Written by the listing agent.
Location
The market in Heber City today
$1,900,000 is 52% above the median asking price in Heber City.
At $523 per sqft it asks 20% more than the median in the city.
50% of the listings for sale have lowered their price at least once.
From the listings for sale, as of October 26, 2026. Asking prices only: Utah does not make sold prices public.
Living in Heber City
Heber City is the county seat of Wasatch County, located 43 miles southeast of Salt Lake City in a region known as the Wasatch Back.
- 16,856 residents (2020)
- 1 rail station
- 103 named trails
- 15 named parks
Monthly payment
- Principal & interest
- $10,529
- Property tax
- $1,104
- Home insurance
- $110
- HOA
- $500
10% down ($190,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Tri/Multi-Level
- Garage
- 4 cars
- Basement
- None, Slab
- Lot
- 0.06 acres
- HOA
- $500/mo
- Subdivision
- PARK EAST I
See all 18 details
- Stories
- 3
- Rooms
- 4
- Parking
- Rv Parking
- Heating
- Forced Air
- Flooring
- Hardwood
- Roof
- Metal
- Construction
- Aluminum, Frame
- Water
- Culinary, Irrigation
- Sewer
- Sewer: Connected, Sewer: Public
- County
- Wasatch
- Zoning
- Commercial
- Terms
- Cash, Conventional, Exchange
- Alarm: Fire
- Disposal
- Mother-in-Law Apt.
- Range: Gas
- Vaulted Ceilings
- Smart Thermostat(s)
- Road: Paved
- Sprinkler: Auto-Full
- View: Mountain
- Drip Irrigation: Auto-Full
See all 20 features
Interior
- Alarm: Fire
- Disposal
- Mother-in-Law Apt.
- Range: Gas
- Vaulted Ceilings
- Smart Thermostat(s)
Lot features
- Road: Paved
- Sprinkler: Auto-Full
- View: Mountain
- Drip Irrigation: Auto-Full
View
- Mountain(s)
Community amenities
- Maintenance
- Management
- Snow Removal
- Water
Utilities
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Sewer: Public
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · South Summit
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Listing courtesy of Christie's International Real Estate VUE / Jonathan Crosswhite. Based on information from UtahRealEstate.com as of 7/13/2026 2:33 PM. 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.