Professional Office
For Sale
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375 North Main Street Ste 202, Kaysville, UT 84010
Contemporary office condominium with medical and professional office co-tenancy in Kaysville.
Property Size2,520 SF
Price / SF$394.84
Days on Market57
Property Features for 375 North Main Street Ste 202
General Information
Standard status
Active
Size
2,520 SF
Class
B
Total Parking Spaces
95
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2018
Buildings
1
Units
1
Tenancy
Multi
Listing Agency:
Newmark Mountain West
Listed By:
Chris Falk · License #UT 5830205-SA00
(385) 429-5500
Source:
Crexi
Added: Jul 30
Changed: Sep 12
Last Checked: Sep 22 at 3:40PM
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 Newmark Mountain West
Investment Insights
Based on property information with market context.
This 2,520-square-foot office condominium at 375 North Main Street, Suite 202, provides a professional setting for office use. Constructed in 2018, the property is part of a medical and office co-tenancy, offering a shared professional environment within the center.
The suite is located in Kaysville, Utah, and includes access to approximately 95 total parking stalls. The property is offered for sale and may accommodate either an owner-user or an investment-oriented acquisition.
The suite is located in Kaysville, Utah, and includes access to approximately 95 total parking stalls. The property is offered for sale and may accommodate either an owner-user or an investment-oriented acquisition.
Key Highlights
- 2,520‑square‑foot office condominium
- Built in 2018
- Medical and professional office co‑tenancy
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
$31,311
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
3.15%
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%
$626,220
$626.2K
Cap Rate 7%
$447,300
$447.3K
Cap Rate 9%
$347,900
$347.9K
Market Conditions
NOI Build-Up for 2,520 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
$55.3K $21.96/SF
− Vacancy
−$3.2K −$1.25/SF
EGI
$52.2K $20.71/SF
− OpEx
−$20.9K −$8.28/SF
NOI
$31.3K $12.42/SF
Area
Davis County, UT
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
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%
$626,220
Cap Rate 7%
$447,300
Cap Rate 9%
$347,900
Alternative Uses
Best Use
Healthcare Medical
$447.3K
$391.4K – $521.9K
NOI $31,311 @ 7.0% cap · market cap 3.15%
Second Best
Office B
$437.7K
$383.0K – $510.7K
NOI $30,639 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$582.0K
$509.3K – $679.0K
NOI $40,741 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 84010, UT
48,439
Population
16,103
Households
3
Avg Household Size
35
Median Age
46%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
1,275
Density / Sq Mi
$102,038
Median Household Income
$45,472
Median Earnings
$1,458
Median Rent
$486,000
Median Home Value
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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 - Contemporary office condominium with medical and professional office co-tenancy in Kaysville.
Where is this office units located?
The property is located at 375 North Main Street Ste 202 Kaysville, UT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,520‑square‑foot office condominium; Built in 2018; Medical and professional office co‑tenancy
