Orem Office Building For
1778 N State St Orem, UT
1778 N State St, Orem, UT, 00000
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For Sale
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14,435 SF office building on 1.148 acres in Orem.
Property Size14,435 SF
Lot Size1.15 Acres
Price / SF$166.26
Days on Market240
Property Features for 1778 N State St
General Information
- Standard status
- Active
- Size
- 14,435 SF
- Lot size
- 1.15 Acres
- Property subtype
- OFFICE
Listing Agency
cRc Nationwide
(801) 617-1709
Listed by
Gavin Perryman · License #5489240-SA00
Source
Moodyscre
Added: Nov 19, 2025 Checked: Jul 17 at 6:03 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 cRc Nationwide
Investment Insights
Based on property information with market context.
This 14,435 square foot office building is situated on 1.148 acres. The property offers an opportunity for an owner user. It features frontage and access to State Street and is located approximately 4 minutes from I-15. Dedicated parking is available with 44 stalls. The main level is offered at $12.00 per square foot on a NNN basis, while the garden level is offered at $9.00 per square foot on a NNN basis.
Key Highlights
- Great owner user opportunity.
- Conveniently located 4 minutes from I‑15.
- Dedicated parking with 44 stalls.
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 | $346.4k | $24.00 |
| − Vacancy | −$76.2k | −$5.28 |
| EGI | $270.2k | $18.72 |
| − OpEx | −$67.6k | −$4.68 |
| NOI | $202.7k | $14.04 |
14,435 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.90M
$2.53M – $3.38M
NOI $202,667 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,538 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - 14,435 SF office building on 1.148 acres in Orem.
Where is this office building located?
The property is located at 1778 N State St Orem, UT.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Great owner user opportunity.; Conveniently located 4 minutes from I‑15.; Dedicated parking with **44 stalls**.
