Office Suite with Conference
1955 W Grove Pkwy Pleasant Grove, UT 84062
1955 W Grove Pkwy, Pleasant Grove, UT, 84062
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For Sale
Contact for pricing
Office suite featuring a reception area, conference room, and four offices with immediate access off I-15.
Property Size2,279 SF
Price / SF$347.08
Days on Market188
Property Features for 1955 W Grove Pkwy
General Information
- Standard status
- Active
- Size
- 2,279 SF
- Property subtype
- OFFICE
Listing agency
Colliers | Utah County
(801) 702-4689
Listed by
Spencer Croshaw · License #5489240-SA00
Source
Moodyscre
Added: Jan 16 Updated: Jul 22 at 10:08PM Checked: Jul 22 at 10:08PM
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 Colliers | Utah County
Investment Insights
Based on property information with market context.
This office suite offers 2,279 rentable square feet configured with a reception area, a conference room, four offices, and a training/cubicle area. The space is suited for a range of office operations requiring both private work areas and shared meeting space.
The property provides immediate access off I-15 and is surrounded by abundant nearby amenities, including dining, retail, and professional services.
Offered for sale, this is a straightforward office setup for buyers seeking an interior suite layout that includes dedicated rooms for meetings and focused work.
The property provides immediate access off I-15 and is surrounded by abundant nearby amenities, including dining, retail, and professional services.
Offered for sale, this is a straightforward office setup for buyers seeking an interior suite layout that includes dedicated rooms for meetings and focused work.
Key Highlights
- 2,279 rentable SF office suite
- Reception area plus conference room
- Four offices and a training/cubicle area
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 | $54.7k | $24.00 |
| − Vacancy | −$12.0k | −$5.28 |
| EGI | $42.7k | $18.72 |
| − OpEx | −$10.7k | −$4.68 |
| NOI | $32.0k | $14.04 |
2,279 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$457.1K
$400.0K – $533.3K
NOI $31,997 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$628.2K
$549.7K – $732.9K
NOI $43,976 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Water works Engineers
Engineering Consultant
Ferrin Capital Advisors, ...
Financial Advisor
Wendia North America
(Bike/Boat/Book/etc) Store
Brammer Ranck
Law Firm
Mons Pura
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office suite featuring a reception area, conference room, and four offices with immediate access off I-15.
Where is this office units located?
The property is located at 1955 W Grove Pkwy Pleasant Grove, UT.
What is the asking price?
The asking price for this property is $791,000.
What are key features of this property?
This property features: 2,279 rentable SF office suite; Reception area plus conference room; Four offices and a training/cubicle area
