Multi-Tenant Office
For Sale
Contact for pricing
352 E Riverside Suite B2, St George, UT 84790
Three office units with mixed occupancy, including spaces available now and soon along Riverside Drive.
Property Size2,174 SF
Price / SF$227.69
Days on Market62
Property Features for 352 E Riverside Suite B2
General Information
Standard status
Active
Size
2,174 SF
Class
B
Property subtype
Office
Building Details
Year Built
1998
Listing Agency:
Linx Commercial Real Estate
Listed By:
Connor Brooksby · License #13411906-SA00
(435) 215-5891
Source:
Crexi
Added: Jul 11
Changed: Sep 8
Last Checked: Sep 10 at 8:23AM
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 Linx Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering consists of multiple office units with versatile configurations, with spaces currently leased or partially leased. Unit B2 is 1,842 square feet and is scheduled to be available soon. Unit C4 totals 832 square feet and is available now. Unit C5 measures 1,529 square feet and is also scheduled to be available soon.
The property is located at 352 E Riverside Dr in St. George, Utah, with the business serving as a prime Riverside Drive address. Please do not disturb existing tenants.
For buyers seeking flexibility across individual office suites, the current mix of available timing supports straightforward planning for new occupancy.
The property is located at 352 E Riverside Dr in St. George, Utah, with the business serving as a prime Riverside Drive address. Please do not disturb existing tenants.
For buyers seeking flexibility across individual office suites, the current mix of available timing supports straightforward planning for new occupancy.
Key Highlights
- Three office units along Riverside Drive with mixed occupancy—some leased or partially leased
- B2 unit: 1,842 SF listed at $495,000 ($269/SF), available soon
- C4 unit: 832 SF listed at $230,000 ($276/SF), available now
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
$23,272
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
4.70%
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%
$465,440
$465.4K
Cap Rate 7%
$332,457
$332.5K
Cap Rate 9%
$258,578
$258.6K
Market Conditions
NOI Build-Up for 2,174 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
$32.1K $14.76/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$31.0K $14.27/SF
− OpEx
−$7.8K −$3.57/SF
NOI
$23.3K $10.70/SF
Area
Washington County, UT
Vacancy
3.30%
Lease Rate
$14.76 /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%
$465,440
Cap Rate 7%
$332,457
Cap Rate 9%
$258,578
Alternative Uses
Best Use
Office B
$332.5K
$290.9K – $387.9K
NOI $23,272 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$598.7K
$523.8K – $698.4K
NOI $41,906 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 84790, UT
52,982
Population
20,956
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
96%
High-School Grad
48.3 sq mi
ZIP Area
1,097
Density / Sq Mi
$85,720
Median Household Income
$39,108
Median Earnings
$1,598
Median Rent
$500,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Three office units with mixed occupancy, including spaces available now and soon along Riverside Drive.
Where is this office units located?
The property is located at 352 E Riverside Suite B2 St George, UT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three office units along Riverside Drive with mixed occupancy—some leased or partially leased; B2 unit: 1,842 SF listed at $495,000 ($269/SF), available soon; C4 unit: 832 SF listed at $230,000 ($276/SF), available now
