Certified Surgical Center Office
For Sale
$3,600,000
Pending
368 E RIVERSIDE Dr, St George, UT 84790
COMMERCIAL - St George, UT
Property Size10,448 SF
Lot Size0.96 Acres
Days on Market370
Property Features for 368 E RIVERSIDE Dr
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Subdivision
Greater St. George
Standard status
Pending
APN
SG-PPOP-1-1
Size
10,448 SF
Lot size
0.96 Acres
Taxes and HOA fees
Tax Annual Amount
16550
Building Details
Year built
2003
Floors in Building
1
Listing Agency:
COLDWELL BANKER PREMIER REALTY
(435) 628-6700
Listed By:
SHAYNE C BARNEY · License #5469278
(435) 680-1996
Added: Jul 31, 2025
Changed: Jun 19
Last Checked: Aug 4 at 5:06AM
MLS# 25-263655
Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased medical/surgical office building is designed for clinical use, featuring a certified surgical center alongside doctor’s offices. The property is presented in excellent condition, supporting an owner-operator or investor’s preference for an immediately functioning healthcare facility.
Located on Riverside Drive in St. George, the building is well positioned about two blocks from the I-15 interchange. Convenient access is available to River Road and Bluff Street, which can help streamline patient and staff travel to and from the site.
For healthcare providers or investors seeking a specialized office asset, the combination of surgical center space and adjoining physician office use can support coordinated medical operations under one roof. As the property is described as fully leased, it may appeal to buyers looking for a medical facility configuration with established occupancy rather than a ground-up build or tenancy-in-place needs.
Located on Riverside Drive in St. George, the building is well positioned about two blocks from the I-15 interchange. Convenient access is available to River Road and Bluff Street, which can help streamline patient and staff travel to and from the site.
For healthcare providers or investors seeking a specialized office asset, the combination of surgical center space and adjoining physician office use can support coordinated medical operations under one roof. As the property is described as fully leased, it may appeal to buyers looking for a medical facility configuration with established occupancy rather than a ground-up build or tenancy-in-place needs.
Key Highlights
- Fully leased medical/surgical office building: a great investment opportunity.
- Certified surgical center: attract high‑value tenants.
- Excellent condition: suggests minimal maintenance costs.
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical/surgical office building with a certified surgical center and doctor offices near the I-15 interchange.
Where is this medical office space located?
The property is located at 368 E RIVERSIDE Dr 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: a great investment opportunity.; Certified surgical center: attract high‑value tenants.; Excellent condition: suggests minimal maintenance costs.
