Class A Medical Office
1022 N Redwood Rd Unit 101 Saratoga Springs, UT 84045
For Sale
Contact for pricing
Built in 2020, this fully leased Class A medical office building totals 8,552 square feet.
Property Size8,552 SF
Price / SF$462.29
Days on Market77
Property Features for 1022 N Redwood Rd Unit 101
General Information
- Standard status
- Active
- Size
- 8,552 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 2022
Listing Agency:
Colliers - Pleasant Grove - Utah County, Utah
(385) 866-3007
Listed By:
Bryant Parker · License #UT 13058456-SA00
Source:
Crexi
Added: May 8
Changed: Jul 23
Last Checked: Jul 23 at 6:48PM
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 Colliers - Pleasant Grove - Utah County, Utah
Investment Insights
Based on property information with market context.
This Class A medical office building was built in 2020 and offers 8,552 square feet of premium office space. The property is fully leased to two tenants: Redwood Family Therapy and Spa Trouve.
The building is positioned directly across from Costco Wholesale and provides smooth access with right-in and right-out entry via Redwood Road, supporting convenient arrival for patients, clients, and staff.
The offering is structured as a Unit 101 suite at 1022 N Redwood Rd in Saratoga Springs, UT.
The building is positioned directly across from Costco Wholesale and provides smooth access with right-in and right-out entry via Redwood Road, supporting convenient arrival for patients, clients, and staff.
The offering is structured as a Unit 101 suite at 1022 N Redwood Rd in Saratoga Springs, UT.
Key Highlights
- Class A medical office building totals 8,552 SF and was built in 2020 (Year Built: 2022).
- Fully leased to two tenants: Redwood Family Therapy and Spa Trouve.
- Modern property with contemporary architecture.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.2k | $24.00 |
| − Vacancy | −$45.2k | −$5.28 |
| EGI | $160.1k | $18.72 |
| − OpEx | −$40.0k | −$4.68 |
| NOI | $120.1k | $14.04 |
8,552 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.72M
$1.50M – $2.00M
NOI $120,070 @ 7.0% cap · market cap 3.04%
Second Best
Healthcare Medical
$1.47M
$1.29M – $1.72M
NOI $103,081 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,019 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Built in 2020, this fully leased Class A medical office building totals 8,552 square feet.
Where is this medical office space located?
The property is located at 1022 N Redwood Rd Unit 101 Saratoga Springs, UT.
What is the asking price?
The asking price for this property is $3,953,533.
What are key features of this property?
This property features: Class A medical office building totals 8,552 SF and was built in 2020 (Year Built: 2022).; Fully leased to two tenants: Redwood Family Therapy and Spa Trouve.; Modern property with contemporary architecture.
