Professional Office
For Sale
$1,200,000
1443 W 800 N Unit 201, Orem, UT 84057
Updated office suite in the Vineyard Gateway Professional Center with multiple private offices, conference room, and kitchen area.
Property Size2,715 SF
Price / SF$444.44
Days on Market57
Property Features for 1443 W 800 N Unit 201
General Information
Standard status
Active
Size
2,715 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
2,715 SF
Year Built
2008
Listing Agency:
Sky Realty
(801) 704-3445
Listed By:
Spencer Clawson · License #6608967-PB00
(801) 636-8426
Source:
Liftrealty
Added: Jul 7
Changed: Aug 31
Last Checked: Aug 31 at 3:47PM
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 Sky Realty
Investment Insights
Based on property information with market context.
This for-sale office suite totals approximately 2,700 square feet and is located within the Vineyard Gateway Professional Center. Recent updates include new flooring and fresh paint, along with interior features such as a reception area, a kitchen area, and a conference room. The layout includes a large executive suite, a bullpen with three workstations, and seven personal offices. There is also a second break room near the back that could be repurposed into additional office space.
The property is described as being close to I-15 and the exclusive Utah City area. Buyer is advised that square footage is an estimate provided as a courtesy and should be independently verified.
The property is described as being close to I-15 and the exclusive Utah City area. Buyer is advised that square footage is an estimate provided as a courtesy and should be independently verified.
Key Highlights
- Updated 2,700 sq ft office suite in the Vineyard Gateway Professional Center (year built: 2008)
- Interior updates include new flooring and new paint, plus a kitchen area
- Layout includes a large executive suite, 7 personal offices, and a bullpen with 3 workstations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,908
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$758,160
$758.2K
Cap Rate 7%
$541,543
$541.5K
Cap Rate 9%
$421,200
$421.2K
Market Conditions
NOI Build-Up for 2,700 SF
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.
Gross rent
$64.8K $24.00/SF
− Vacancy
−$14.3K −$5.28/SF
EGI
$50.5K $18.72/SF
− OpEx
−$12.6K −$4.68/SF
NOI
$37.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$758,160
Cap Rate 7%
$541,543
Cap Rate 9%
$421,200
Alternative Uses
Best Use
Office B
$541.5K
$473.9K – $631.8K
NOI $37,908 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$744.3K
$651.2K – $868.3K
NOI $52,099 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 84057, UT
38,401
Population
12,246
Households
3.1
Avg Household Size
29
Median Age
39%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
6,194
Density / Sq Mi
$80,184
Median Household Income
$36,429
Median Earnings
$1,408
Median Rent
$398,400
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 - Updated office suite in the Vineyard Gateway Professional Center with multiple private offices, conference room, and kitchen area.
Where is this office units located?
The property is located at 1443 W 800 N Unit 201 Orem, UT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Updated 2,700 sq ft office suite in the Vineyard Gateway Professional Center (year built: 2008); Interior updates include new flooring and new paint, plus a kitchen area; Layout includes a large executive suite, 7 personal offices, and a bullpen with 3 workstations
