Four-Office Commercial
New
For Sale
$399,900
103-594 800, Orem, UT 84058
A renovated suite is occupied by a tenant under a month-to-month agreement.
Property Size1,175 SF
Price / SF$340.34
Days on Market6
Property Features for 103-594 800
General Information
Standard status
Active
Size
1,175 SF
Occupancy
100%
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$2,188
Amenities
shared public restroom
shared conference room
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Red Cliffs Real Estate
(801) 641-6655
Listed By:
Tiffani Wardle
(435) 632-3821
Source:
Exprealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 7:07PM
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 Red Cliffs Real Estate
Investment Insights
Based on property information with market context.
This renovated office unit in Cameron Plaza contains four offices and a copy area. Its 1,175 square feet include common area. A public restroom and conference room are shared with other occupants. The unit is currently leased on a month-to-month basis.
The property is in Orem, near Riverwoods Shopping Area, Costco, UVU, and University Hospital.
The property is in Orem, near Riverwoods Shopping Area, Costco, UVU, and University Hospital.
Key Highlights
- 1,175 square feet, including common area, with four offices and a copy area
- Shared access to a public restroom and conference room
- Currently leased under a month‑to‑month agreement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,497
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,940
$329.9K
Cap Rate 7%
$235,671
$235.7K
Cap Rate 9%
$183,300
$183.3K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$28.2K $24.00/SF
− Vacancy
−$6.2K −$5.28/SF
EGI
$22.0K $18.72/SF
− OpEx
−$5.5K −$4.68/SF
NOI
$16.5K $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,940
Cap Rate 7%
$235,671
Cap Rate 9%
$183,300
Alternative Uses
Best Use
Office B
$235.7K
$206.2K – $275.0K
NOI $16,497 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.9K
$283.4K – $377.9K
NOI $22,673 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
Explore this area
Business Placement
Demographics for 84058, UT
33,734
Population
11,749
Households
2.9
Avg Household Size
26
Median Age
41%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,217
Density / Sq Mi
$71,474
Median Household Income
$27,325
Median Earnings
$1,395
Median Rent
$441,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - A renovated suite is occupied by a tenant under a month-to-month agreement.
Where is this office units located?
The property is located at 103-594 800 Orem, UT.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,175 square feet, including common area, with four offices and a copy area; Shared access to a public restroom and conference room; Currently leased under a month‑to‑month agreement
