Building Details

Building Size 2,715 SF

Year Built 2008

Listing Agency: Sky Realty Show Phone

Listed By: Katie Perryman Show Phone

Source: Liftrealty

Added: Jul 7 Changed: Oct 16 Last Checked: Oct 16 at 9:31AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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 / Yr

$37,908

Cap Rate

3.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$758,160 $758.2K

Cap Rate 7%

$541,543 $541.5K

Cap Rate 9%

$421,200 $421.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,700 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $52,099 @ 7.0% cap · market cap 4.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Mike Harrison @ Castle ... Loan Service VA Orem Clinic: ... Medical Clinic Wasatch Leavitt Insurance Agency Atkinson-Leavitt Insurance Insurance Agency Carmen John C ... Veterinary Clinic

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Dental Office Nail Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar For Sale Nearby

See more

Office Unit with Executive Suites

843 N 900 W #305, Orem, UT 84057

$849,900

3,377 SF

View details

Modern Office Condominium

980 E 800 N Unit 201, Orem, UT 84097

$995,000

View details

Equipped Dental Medical Office

442 W 800 N, Orem, UT 84057

$650,000

1,872 SF

View details

Flex Building with Fenced Yard

1355 W 465 S, Orem, UT 84058

$1,550,000

6,290 SF

View details

Four-Office Commercial Unit

103-594 800, Orem, UT 84058

$399,900

1,175 SF

View details

Renovated Office Unit

594 E 800 S #103, Orem, UT 84097

$399,900

1,175 SF

View details

Orem Office Space Available

410-450 W 800 N, Orem, UT

Contact for pricing

3,615 SF

View details

Orem Office Space Available

248 W Center St, Orem, UT

Contact for pricing

4,400 SF

View details

Medical Office Suite with Lab Area

421 N OREM BLVD Unit 421, Orem, UT 84057

$580,000

View details

Renovated Office Condo Building

500 Timpanogos Pkwy, Orem, UT 84097

Contact for pricing

5,913 SF

View details

Orem Office Space For Sale

568 W 800 N, Orem, UT 84057

Contact for pricing

6,867 SF

View details

Updated Duplex with Basement

512 N 100 E, Orem, UT 84057

$719,900

2,779 SF

View details

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