1358 Business Park Dr, Orem, UT
Office building with private offices, gym, and ample parking.
- Added:
- Dec 20, 2024
- Days on Market:
- 554
- Last Refresh:
- May 19 at 10:35 pm
Property Features for 1358 Business Park Dr
General Information
- Standard status
- Active
- Size
- 17,000 SF
- Lot size
- 1.10 Acres
- Property subtype
- OFFICE
Properties For Sale
at 1358 Business Park Dr Contact us
Listing office Mountain West - Corporate (801) 456-8800
Listing date Dec 20, 2024
Source Moodyscre
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
HighLights
- Demisable space offering flexible options from 3,000 to 8,500 sq ft
- Features 15 private offices
- Ample parking available for tenants and visitors
- Includes a large bull pen or conference room area
- Enjoy the convenience of an on‑site gym & rec room
- Close proximity to I‑15 for easy commuting
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Orem
- County
- Utah
- State
- Utah
- Longitude
- -111.728
- Latitude
- 40.2751
