Occupied Medical Office
For Sale
$2,300,000
427 W 100 S, St George, UT 84770
Multiple occupied spaces are offered across three parcels, including the adjoining parcel to the south.
Property Size13,180 SF
Price / SF$174.51
Days on Market161
Property Features for 427 W 100 S
General Information
Standard status
Active
Size
13,180 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$20,969
Building Details
Building Size
13,180 SF
Year Built
1990
Stories
2
Listing Agency:
S. HINDI REAL ESTATE INC
Listed By:
Sarah Hindi & Annica Wright
(435) 773-3905
Source:
Hindihometeam
Added: May 19
Changed: Oct 24
Last Checked: Oct 24 at 3:21PM
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 S. HINDI REAL ESTATE INC
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Investment Insights
Based on property information with market context.
This medical office property contains multiple spaces currently occupied by businesses. The offering combines three parcels, with the neighboring parcel to the south included in the sale. The building dates to 1990 and is zoned Commercial.
The property occupies the corner of 100 South and Bluff Street in St. George, Utah.
The property occupies the corner of 100 South and Bluff Street in St. George, Utah.
Key Highlights
- Three parcels included, including the adjoining parcel to the south
- Multiple spaces currently occupied by businesses
- Corner location at 100 South and Bluff Street in St. George, Utah
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,317
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,826,340
$2.8M
Cap Rate 7%
$2,018,814
$2.0M
Cap Rate 9%
$1,570,189
$1.6M
Market Conditions
NOI Build-Up for 13,180 SF
Gross rent
$243.6K $18.48/SF
− Vacancy
−$8.0K −$0.61/SF
EGI
$235.5K $17.87/SF
− OpEx
−$94.2K −$7.15/SF
NOI
$141.3K $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%
$2,826,340
Cap Rate 7%
$2,018,814
Cap Rate 9%
$1,570,189
Alternative Uses
Best Use
Healthcare Medical
$2.02M
$1.77M – $2.36M
NOI $141,317 @ 7.0% cap · market cap 6.14%
Second Best
Office B
$2.02M
$1.76M – $2.35M
NOI $141,088 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$3.63M
$3.18M – $4.23M
NOI $254,059 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84770, UT
44,505
Population
21,173
Households
2.1
Avg Household Size
36
Median Age
29%
College-Educated
93%
High-School Grad
72.1 sq mi
ZIP Area
617
Density / Sq Mi
$68,174
Median Household Income
$34,586
Median Earnings
$1,344
Median Rent
$407,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Animal Medical Hospital — 55 S Bluff St, St. George, UT 84770
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multiple occupied spaces are offered across three parcels, including the adjoining parcel to the south.
Where is this medical office space located?
The property is located at 427 W 100 S St George, UT.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Three parcels included, including the adjoining parcel to the south; Multiple spaces currently occupied by businesses; Corner location at 100 South and Bluff Street in St. George, Utah
