Updated Office Building with
For Sale
$575,000
160 E 100 N, Pleasant Grove, UT 84062
Renovated office property with improved basement space, updated building systems, and substantial storage capacity.
Property Size3,062 SF
Days on Market97
Property Features for 160 E 100 N
General Information
Standard status
Active
Size
3,062 SF
Property subtype
Retail
Building Details
Building Size
3,062 SF
Year Built
1964
Listing Agency:
Jordan Real Estate LLC
(877) 990-0550
Listed By:
Russ Morgan
(888) 600-9337
Source:
Liftrealty
Added: Jul 30
Changed: Nov 1
Last Checked: Nov 3 at 7:16AM
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 Jordan Real Estate LLC
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Investment Insights
Based on property information with market context.
This office building at 160 E 100 N in Pleasant Grove includes an updated main floor with new subfloors, LVP flooring, a breaker box, and interior paint. The basement has been improved with new ceilings, lighting, framing, and walls, along with laundry hookups. A spacious garage and rear garage addition provide substantial storage space.
Building systems have been updated over time, including a roof replacement in 2022, new A/C and furnace installed in 2020, and a new water heater added in 2025. The property was built in 1964 and received asbestos remediation. Its office layout and combination of finished interior areas and garage storage support a range of professional business uses.
Building systems have been updated over time, including a roof replacement in 2022, new A/C and furnace installed in 2020, and a new water heater added in 2025. The property was built in 1964 and received asbestos remediation. Its office layout and combination of finished interior areas and garage storage support a range of professional business uses.
Key Highlights
- Office building at 160 E 100 N, Pleasant Grove, UT 84062
- Main floor updated with subfloors, LVP flooring, breaker box, and paint
- Basement improvements include ceilings, lighting, framing, and walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,990
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,800
$859.8K
Cap Rate 7%
$614,143
$614.1K
Cap Rate 9%
$477,667
$477.7K
Market Conditions
NOI Build-Up for 3,062 SF
Gross rent
$73.5K $24.00/SF
− Vacancy
−$16.2K −$5.28/SF
EGI
$57.3K $18.72/SF
− OpEx
−$14.3K −$4.68/SF
NOI
$43.0K $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%
$859,800
Cap Rate 7%
$614,143
Cap Rate 9%
$477,667
Alternative Uses
Best Use
Office B
$614.1K
$537.4K – $716.5K
NOI $42,990 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$844.1K
$738.6K – $984.7K
NOI $59,084 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
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Business Placement
Demographics for 84062, UT
47,771
Population
14,649
Households
3.3
Avg Household Size
28
Median Age
43%
College-Educated
96%
High-School Grad
50.7 sq mi
ZIP Area
942
Density / Sq Mi
$101,584
Median Household Income
$41,079
Median Earnings
$1,617
Median Rent
$479,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Renovated office property with improved basement space, updated building systems, and substantial storage capacity.
Where is this office building located?
The property is located at 160 E 100 N Pleasant Grove, UT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Office building at 160 E 100 N, Pleasant Grove, UT 84062; Main floor updated with subfloors, LVP flooring, breaker box, and paint; Basement improvements include ceilings, lighting, framing, and walls
