Professional Office
1443 W 800 N Unit 201 Orem, UT 84057
1443 W 800 N Unit 201, Orem, UT, 84057
$1,200,000
For Sale
$1,200,000
Updated office suite in the Vineyard Gateway Professional Center with multiple private offices, conference room, and kitchen area.
Property Size2,700 SF
Price / SF$444.44
Days on Market11
Property Features for 1443 W 800 N Unit 201
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing Agency
Sky Realty
(801) 704-3445
Listed by
Spencer Clawson
(801) 636-8426
Source
Liftrealty
Added: Jul 7 Checked: Jul 17 at 2:47 am
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
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 | $64.8k | $24.00 |
| − Vacancy | −$14.3k | −$5.28 |
| EGI | $50.5k | $18.72 |
| − OpEx | −$12.6k | −$4.68 |
| NOI | $37.9k | $14.04 |
2,700 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mike Harrison @ Castle ...
Loan Service
VA Orem Clinic: ...
Medical Clinic
Wasatch Leavitt
Insurance Agency
Atkinson-Leavitt Insurance
Insurance Agency
Carmen John C ...
Veterinary Clinic
Similar For Sale Nearby
FAQs
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
