Class A Professional Office
233 S Pleasant Grove Blvd Pleasant Grove, UT 84062
For Sale
Contact for pricing
Class A professional office suite with monument signage and convenient access to the I-15/Pleasant Grove Blvd interchange.
Property Size4,386 SF
Price / SF$285
Days on Market17
Property Features for 233 S Pleasant Grove Blvd
General Information
Standard status
Active
Size
4,386 SF
Property subtype
OFFICE
Listing Agency:
Colliers | Utah County
(801) 610-1300
Listed By:
Dan Donaldson
Source:
Moodyscre
Added: Jul 13
Changed: Jul 27
Last Checked: Jul 28 at 3:10PM
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 offering presents a Class “A” professional office space with monument signage. The property includes Suite 201 and Suite 202 configurations, with Suite 201 described as a former attorney’s office and Suite 202 available for March 2026.
The location is described as being in the heart of Pleasant Grove, with quick access to the I-15 / Pleasant Grove Blvd interchange.
Operating expenses are listed at $8.42 per square foot. Lease expiration is noted for December 2027.
The location is described as being in the heart of Pleasant Grove, with quick access to the I-15 / Pleasant Grove Blvd interchange.
Operating expenses are listed at $8.42 per square foot. Lease expiration is noted for December 2027.
Key Highlights
- Class A professional office space in Pleasant Grove (former attorney’s office)
- Suite 201: 1,876 SF listed at $534,660.00; lease expires December 2027
- Suite 202: 4,386 SF listed at $1,250,010.00; available March 2026
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 | $105.3k | $24.00 |
| − Vacancy | −$23.2k | −$5.28 |
| EGI | $82.1k | $18.72 |
| − OpEx | −$20.5k | −$4.68 |
| NOI | $61.6k | $14.04 |
4,386 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$879.7K
$769.7K – $1.03M
NOI $61,579 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,632 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Class A professional office suite with monument signage and convenient access to the I-15/Pleasant Grove Blvd interchange.
Where is this office units located?
The property is located at 233 S Pleasant Grove Blvd Pleasant Grove, UT.
What is the asking price?
The asking price for this property is $1,250,010.
What are key features of this property?
This property features: Class A professional office space in Pleasant Grove (former attorney’s office); Suite 201: 1,876 SF listed at $534,660.00; lease expires December 2027; Suite 202: 4,386 SF listed at $1,250,010.00; available March 2026
