Riverside Drive Medical Office
368 E Riverside Dr 368 St George, UT 84790
For Sale
Contact for pricing
Pending
Fully leased medical/surgical office building for sale on Riverside Drive.
Property Size10,448 SF
Days on Market357
Property Features for 368 E Riverside Dr 368
General Information
- Standard status
- Pending
- Size
- 10,448 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2003
Listing Agency:
Coldwell Banker Premier Realty Saint George
Listed By:
Shayne Barney · License #UT-5469278-PB00
Source:
Crexi
Added: Aug 5, 2025
Changed: Jul 6
Last Checked: Jul 24 at 11:35AM
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 Coldwell Banker Premier Realty Saint George
Investment Insights
Based on property information with market context.
This fully leased medical and surgical office building is available for sale. The property is located on Riverside Drive, two blocks from the I-15 interchange, providing convenient access to River Road and Bluff Street. The building is a certified surgical center and doctor's office. The property has a size of 10448 square feet and is in excellent condition, presenting an investment opportunity.
Key Highlights
- Fully leased medical/surgical office building provides immediate income.
- Certified surgical center indicates specialized infrastructure.
- Excellent condition minimizes immediate capital expenditures.
Financial Insights For Healthcare Medical
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 | $193.1k | $18.48 |
| − Vacancy | −$6.4k | −$0.61 |
| EGI | $186.7k | $17.87 |
| − OpEx | −$74.7k | −$7.15 |
| NOI | $112.0k | $10.72 |
10,448 SF · lease $18.48/SF/yr · vacancy 3.30% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.60M
$1.40M – $1.87M
NOI $112,024 @ 7.0% cap · market cap 3.11%
Second Best
Office B
$1.60M
$1.40M – $1.86M
NOI $111,843 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$2.88M
$2.52M – $3.36M
NOI $201,397 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mindful Infusions St ...
Medical Clinic
Dixie Pediatric Dental
Dental Office
TeethXpress
Dental Office
Dr. Brett Wallin
Physician
St. George Endoscopy ...
Medical Clinic
FAQs
What type of property is this?
Medical Office Space - Fully leased medical/surgical office building for sale on Riverside Drive.
Where is this medical office space located?
The property is located at 368 E Riverside Dr 368 St George, UT.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Fully leased medical/surgical office building provides immediate income.; Certified surgical center indicates specialized infrastructure.; Excellent condition minimizes immediate capital expenditures.
