Updated Office Unit with Private
For Sale
$1,200,000
201-1443 W 800 N, Orem, UT 84058
Updated suite offers private offices, executive space, conference room, kitchen, and flexible break-room area.
Property Size2,700 SF
Price / SF$444.44
Days on Market33
Property Features for 201-1443 W 800 N
General Information
Standard status
Active
Size
2,700 SF
Taxes and HOA fees
Annual Taxes
$6,078
Listing Agency:
Sky Realty
(480) 628-1337
Listed By:
Katie Perryman
(480) 628-1337
Source:
Exprealty
Added: Jul 8
Changed: Aug 9
Last Checked: Aug 9 at 6:30AM
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 Sky Realty
Investment Insights
Based on property information with market context.
This office unit at Vineyard Gateway Professional Center provides a combination of private rooms and shared work areas. Recent improvements include new flooring, fresh paint, and a kitchen area. The layout includes a large executive suite, a bullpen with 3 workstations, 7 personal offices, a conference room, and a spacious reception area. A second break room is also available and could be adapted into additional office space.
The suite is located at 201-1443 W 800 N in Orem, with proximity to I-15 and Utah City. Mountain views are visible from the office, and the property includes a second kitchen or break area to support daily operations. The configuration accommodates a range of office requirements while retaining room for future layout adjustments.
The suite is located at 201-1443 W 800 N in Orem, with proximity to I-15 and Utah City. Mountain views are visible from the office, and the property includes a second kitchen or break area to support daily operations. The configuration accommodates a range of office requirements while retaining room for future layout adjustments.
Key Highlights
- 2,700 sqft office suite in Vineyard Gateway Professional Center
- Recent updates include new flooring, paint, and a kitchen area
- Large executive suite, 7 personal offices, and bullpen with 3 workstations
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
$37,908
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
3.16%
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%
$758,160
$758.2K
Cap Rate 7%
$541,543
$541.5K
Cap Rate 9%
$421,200
$421.2K
Market Conditions
NOI Build-Up for 2,700 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
$64.8K $24.00/SF
− Vacancy
−$14.3K −$5.28/SF
EGI
$50.5K $18.72/SF
− OpEx
−$12.6K −$4.68/SF
NOI
$37.9K $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%
$758,160
Cap Rate 7%
$541,543
Cap Rate 9%
$421,200
Alternative Uses
Best Use
Office B
$541.5K
$473.9K – $631.8K
NOI $37,908 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$744.3K
$651.2K – $868.3K
NOI $52,099 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 84058, UT
33,734
Population
11,749
Households
2.9
Avg Household Size
26
Median Age
41%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,217
Density / Sq Mi
$71,474
Median Household Income
$27,325
Median Earnings
$1,395
Median Rent
$441,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Updated suite offers private offices, executive space, conference room, kitchen, and flexible break-room area.
Where is this office units located?
The property is located at 201-1443 W 800 N Orem, UT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,700 sqft office suite in Vineyard Gateway Professional Center; Recent updates include new flooring, paint, and a kitchen area; Large executive suite, 7 personal offices, and bullpen with 3 workstations
