Riverside Drive Medical Office
For Sale
Contact for pricing
Pending
368 E Riverside Dr 368, St George, UT 84790
Fully leased medical/surgical office building for sale on Riverside Drive.
Property Size10,448 SF
Days on Market435
Property Features for 368 E Riverside Dr 368
General Information
Standard status
Pending
Size
10,448 SF
Class
A
Property subtype
Special Purpose
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2003
Tenancy
Multi
Listing Agency:
Coldwell Banker Premier Realty Saint George
Listed By:
Shayne Barney · License #UT-5469278-PB00
(435) 628-6700
Source:
Crexi
Added: Aug 5, 2025
Changed: Oct 5
Last Checked: Oct 12 at 7:55PM
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
Estimated NOI and Cap Rate
NOI / Yr
$112,024
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,240,480
$2.2M
Cap Rate 7%
$1,600,343
$1.6M
Cap Rate 9%
$1,244,711
$1.2M
Market Conditions
NOI Build-Up for 10,448 SF
Gross rent
$193.1K $18.48/SF
− Vacancy
−$6.4K −$0.61/SF
EGI
$186.7K $17.87/SF
− OpEx
−$74.7K −$7.15/SF
NOI
$112.0K $10.72/SF
Area
Washington County, UT
Vacancy
3.30%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,240,480
Cap Rate 7%
$1,600,343
Cap Rate 9%
$1,244,711
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Balanced
Demand for This Use
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?
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.
