Orem Office Building For
1455-1481 S State Street Orem, UT 84097
For Sale
Contact for pricing
15,793 SqFt office building available in Orem, Utah.
Property Size15,793 SF
Price / SF$217.18
Days on Market152
Property Features for 1455-1481 S State Street
General Information
- Standard status
- Active
- Size
- 15,793 SF
- Property subtype
- Office
Building Details
- Year Built
- 1968
Listing Agency:
Summit Commercial Advisors
(385) 233-9416
Listed By:
Bill Street · License #9493678-SA00
Source:
Crexi
Added: Feb 25
Changed: Jul 10
Last Checked: Jul 26 at 2:59PM
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 Summit Commercial Advisors
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with 15,793 square feet of space. The property is located in Orem, Utah.
Key Highlights
- Office property available
- 15,793 SqFt of space
- Built in 1968
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 | $379.0k | $24.00 |
| − Vacancy | −$83.4k | −$5.28 |
| EGI | $295.6k | $18.72 |
| − OpEx | −$73.9k | −$4.68 |
| NOI | $221.7k | $14.04 |
15,793 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.17M
$2.77M – $3.70M
NOI $221,734 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,742 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - 15,793 SqFt office building available in Orem, Utah.
Where is this office building located?
The property is located at 1455-1481 S State Street Orem, UT.
What is the asking price?
The asking price for this property is $3,430,000.
What are key features of this property?
This property features: Office property available; 15,793 SqFt of space; Built in 1968
