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 Market51
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: Sep 17
Last Checked: Sep 18 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
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 = 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
$42,990
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
7.48%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
