Leased Office
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For Sale
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2972 W Maple Loop Dr, Lehi, UT 84043
A multi-room professional build-out is occupied under a lease through August 31, 2027.
Property Size4,411 SF
Price / SF$328.50
Days on Market6
Property Features for 2972 W Maple Loop Dr
General Information
Standard status
Active
Size
4,411 SF
Class
Class A
Property subtype
OFFICE
Occupancy
100%
Financials
Asking Price
$1,449,000
Gross Income
$105,900
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Year Built
2014
Owner Occupied
No
Listing Agency:
Summit Commercial Advisors
(801) 435-5005
Listed By:
Mary Street · License #5454081-PO00
(801) 358-6279
Source:
Moodyscre
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 23 at 10:45AM
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 Summit Commercial Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,411-square-foot office condominium at 2972 W Maple Loop Dr, Suite 101, was built in 2014. Its interior includes several private offices, conference rooms, a break room, and additional work areas. The suite is fully leased through August 31, 2027, with 3% annual rent escalations under a full-service lease. The office development provides 106 shared parking spaces.
The property is in Lehi, with access to I-15 and proximity to Thanksgiving Point, Traverse Mountain Outlets, restaurants, hotels, and major employment centers. The existing office layout and shared parking are key features of the suite and its setting.
The property is in Lehi, with access to I-15 and proximity to Thanksgiving Point, Traverse Mountain Outlets, restaurants, hotels, and major employment centers. The existing office layout and shared parking are key features of the suite and its setting.
Key Highlights
- 4,411‑square‑foot office condominium built in 2014
- Currently 100% leased through August 31, 2027
- Lease includes 3% annual escalations and is full‑service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,930
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,600
$1.2M
Cap Rate 7%
$884,714
$884.7K
Cap Rate 9%
$688,111
$688.1K
Market Conditions
NOI Build-Up for 4,411 SF
Gross rent
$105.9K $24.00/SF
− Vacancy
−$23.3K −$5.28/SF
EGI
$82.6K $18.72/SF
− OpEx
−$20.6K −$4.68/SF
NOI
$61.9K $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 Rate 5%
$1,238,600
Cap Rate 7%
$884,714
Cap Rate 9%
$688,111
Alternative Uses
Best Use
Office B
$884.7K
$774.1K – $1.03M
NOI $61,930 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,115 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 84043, UT
76,954
Population
23,408
Households
3.3
Avg Household Size
26
Median Age
50%
College-Educated
97%
High-School Grad
31.1 sq mi
ZIP Area
2,474
Density / Sq Mi
$125,598
Median Household Income
$49,643
Median Earnings
$1,802
Median Rent
$567,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A multi-room professional build-out is occupied under a lease through August 31, 2027.
Where is this office unit located?
The property is located at 2972 W Maple Loop Dr Lehi, UT.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: 4,411‑square‑foot office condominium built in 2014; Currently 100% leased through August 31, 2027; Lease includes 3% annual escalations and is full‑service
