Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    640 East 700 South St George, UT 84770

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.75 SF/Yr ($6,163 /Mo)

    Office space featuring conference room, elevator access, and fiber internet.

    Property size:
    42,264 SF
    Lot size:
    42,264 SF

    Property Features for 640 East 700 South

    General Information

    Size
    42,264 SF

    We can help!

    Listing Contact
    Wes Davis
    Source: Naiglobal

    Listing Agent: Wes Davis

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

    Learn more

    Property Insight Report

    Overview

    Office Space with Covered Parking

    This office space offers 5-6 offices, a conference room, covered parking, and elevator access. Fiber internet is available. The property is part of a building with an excellent variety of tenants. The property size is 42264 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zion Dental Technology Dental Laboratory Orthodontic Specialists Orthodontist St. George Center ... Prosthodontist Red Rock Family ... Mental Health Clinic Cox Dan M ... Dentist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    St George
    County
    Washington
    State
    Utah
    Longitude
    -113.5682588
    Latitude
    37.0955295

    Nearby Similar for Lease

    • $3 SF/Yr
      1,664 SF

      St George Commercial Office Space

      Premier commercial office in St George's vibrant historic downtown.
      122 N 200 W, St George, UT 84770
      View Details
    • $2.00 SF/Yr
      2,400 SF

      St George Storefront For Rent

      Storefront on St. George Blvd with high visibility and parking.
      863 E Street George Blvd, St George, UT 84770
      View Details
    • New
      $9,000 /Mo
      20,072 SF

      Turnkey Restaurant in St George

      Fully equipped restaurant inside a popular hotel and conference center.
      850 S Bluff St, St George, UT 84770
      View Details
    • $1.00 SF/Yr
      90,375 SF

      Retail Space in St. George

      Retail shop in The Shoppes at Zion, St. George, Utah.
      250 N Red Clfs Dr, St George, UT 84790
      View Details
    • $2.00 SF/Yr
      3,186 SF

      Spacious Office Space in St. George

      Former convention center ideal for offices or meeting center.
      1440 E Street George Blvd, St George, UT 84790
      View Details
    • $1.00 SF/Yr
      90,375 SF

      Retail Space in St. George

      Retail space available in high-traffic St. George shopping center.
      250 N Red Cliffs Dr, St George, UT 84790
      View Details
    • $2.00 SF/Yr
      15,483 SF

      St George Commercial Space Available

      Commercial space with roll-up door and high ceilings for rent.
      1397 W Sunset #107 Blvd, St George, UT 84770
      View Details
    • $2,800 /Mo
      12,842 SF

      Office Space in St George

      Office space available for rent in St George, Utah.
      912 W 1600 S, St George, UT 84770
      View Details
    • $2,200 /Mo
      16,738 SF

      St George Commercial Space Available

      Commercial/retail/office space in Sunshine Plaza, available November 1, 2025.
      145 N 400 W, St George, UT 84770
      View Details
    • $1.25 SF/Yr
      3,160 SF

      Modern Office Space with Amenities

      Office space with natural light, fenced yard, and ample parking.
      188 N 3050 E, St George, UT 84790
      View Details
    • $1.50 SF/Yr
      17,213 SF

      Versatile Space on River Road

      Adaptable space suitable for sports, retail, or warehouse uses.
      3087 S River Rd, St George, UT 84790
      View Details
    • $1.28 SF/Yr
      2,474 SF

      Industrial Space Near I-15

      Industrial space featuring showroom/office, roll-up door, and high ceilings.
      4616 Beehive Dr, St George, UT
      View Details

    FAQs

    What type of property is this?
    Office space - Office space featuring conference room, elevator access, and fiber internet.
    Where is this office space located?
    The property is located at 640 East 700 South St George, UT.
    What is the lease rate?
    The lease rate is $1.75 SF/Yr.
    What are key features of this property?
    This property features: - Elevator access for ease and convenience.; - Covered parking available.; - Features a conference room.
    (435) 627-5705
    Request Owner's contact information
    640 East 700 South St George, UT 84770
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    640 East 700 South
    St George, UT 84770
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    640 East 700 South St George, UT 84770
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Wes Davis
    Real Estate License ID: UT 5502820-SA00
    (435) 627-5705
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.