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    Downtown St. George Office Building Title is generated by Realmo AI

    1 S Main St, St George, UT 84770

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    Highly visible office building in St. George's central business district.

    Type:Office
    Property size:
    19,285 SF
    Price / SF:
    $282/SF
    Added:
    Jan 30, 2026
    Days on Market:
    113
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1 S Main St

    General Information

    Standard status
    Active
    Size
    19,285 SF
    Property subtype
    Office

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Neil Walter

    Listing agent Neil Walter License #UT 5483438-BB00

    Listing office NAI Excel

    Listing date Jan 30, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Excel

    HighLights

    • Highly visible, strategic location on Main Street in downtown St. George.
    • Established operating history as a professional and financial services location.
    • Immediate proximity to city and county offices, courthouse, professional services, restaurants, and retail.
    • Located in St. George, a city with robust population gains and rising consumer demand.
    • Proximity to a thriving tourism and outdoor recreation hub with world‑class national parks.
    • Benefits from major events like the Huntsman World Senior Games, St. George Marathon, and PGA tournament.

    Overview

    Located on Main Street in downtown St. George, this office building occupies a highly visible, strategic position within the city’s central business district. The property has an established operating history as a professional and financial services location, offering credibility, recognition, and functionality for a wide range of office users. The building benefits from immediate proximity to city and county offices, the courthouse, professional services, restaurants, and retail, placing it at the center of daily business activity. St. George is located between Salt Lake City and Las Vegas and continues to post robust population gains and rising consumer demand. The city is at the heart of a thriving tourism and outdoor recreation hub, with proximity to world-class national parks. The area benefits from major events like the annual Huntsman World Senior Games, St. George Marathon, and a PGA tournament at the Black Desert Golf Resort. The property size is 19285 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wells Fargo Home ... Loan Service Wells Fargo Bank Atm Wells Fargo ATM Atm Wells Fargo Advisors Financial Advisor Total Solution Cleaning ... Hardware & Home Improvement

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St George
    County
    Washington
    State
    Utah
    Longitude
    -113.5829549
    Latitude
    37.1078633

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    FAQs

    What type of property is this?
    Office building - Highly visible office building in St. George's central business district.
    Where is this office building located?
    The property is located at 1 S Main St St George, UT.
    What is the asking price?
    The asking price for this property is $5,450,000.
    What are key features of this property?
    This property features: Highly visible, strategic location on Main Street in downtown St. George.; Established operating history as a professional and financial services location.; Immediate proximity to city and county offices, courthouse, professional services, restaurants, and retail.
    (702) 940-4500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Neil Walter
    Real Estate License ID: UT 5483438-BB00
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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