Office Building with Demisable
For Sale
Contact for pricing
1358-1370 Business Park Dr, Orem, UT 84058
Office building offers demisable space, multiple work areas, and access to I-15 nearby.
Property Size17,000 SF
Price / SF$247.06
Days on Market587
Property Features for 1358-1370 Business Park Dr
General Information
Standard status
Active
Size
17,000 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
Gym & Rec Room
Listing Agency:
Mountain West - Corporate
(385) 233-9142
Listed By:
Shad Webb
Source:
Moodyscre
Added: Dec 20, 2024
Changed: Jul 30
Last Checked: Jul 30 at 3:51AM
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 Mountain West - Corporate
Investment Insights
Based on property information with market context.
This office building is set up for a private office environment, with 15 private offices plus a large bull pen or conference room area. Common features include a gym and rec room, supporting on-site employee amenities. The space includes demisable options, with 3,000–8,500 available for flexible occupancy.
The property totals 17,000 square feet and is supported by ample parking. It is located close to I-15, which can help provide convenient regional access for staff, clients, and vendors.
Designed to accommodate different office configurations, the layout supports both team collaboration in the bull pen/conference area and more focused work in the private offices. Demisable space may be well suited for tenants seeking flexibility within the same building.
The property totals 17,000 square feet and is supported by ample parking. It is located close to I-15, which can help provide convenient regional access for staff, clients, and vendors.
Designed to accommodate different office configurations, the layout supports both team collaboration in the bull pen/conference area and more focused work in the private offices. Demisable space may be well suited for tenants seeking flexibility within the same building.
Key Highlights
- 17,000 SF office building
- 15 private offices
- D emisable space available: 3,000–8,500 SF
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 | $408.0k | $24.00 |
| − Vacancy | −$89.8k | −$5.28 |
| EGI | $318.2k | $18.72 |
| − OpEx | −$79.6k | −$4.68 |
| NOI | $238.7k | $14.04 |
17,000 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.41M
$2.98M – $3.98M
NOI $238,680 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,032 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
489
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 building - Office building offers demisable space, multiple work areas, and access to I-15 nearby.
Where is this office building located?
The property is located at 1358-1370 Business Park Dr Orem, UT.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 17,000 SF office building; 15 private offices; D emisable space available: 3,000–8,500 SF
