Multi-Tenant Office Building For
For Sale
$14,900,000
525 S 850 E, Lehi, UT 84043
Multi-tenant office building with convenient access and great signage.
Property Size73,172 SF
Lot Size3.94 Acres
Price / SF$203.63
Days on Market213
Property Features for 525 S 850 E
General Information
Standard status
Active
Size
73,172 SF
Lot size
3.94 Acres
Property subtype
Retail
Building Details
Building Size
73,172 SF
Year Built
2013
Listing Agency:
Colliers International LLC (Wasatch)
(801) 947-8300
Listed By:
Eric S Larsen · License #5722129-SA00
(801) 380-2264
Source:
Liftrealty
Added: Mar 26
Changed: Oct 23
Last Checked: Oct 23 at 8:32AM
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 Colliers International LLC (Wasatch)
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Investment Insights
Based on property information with market context.
This multi-tenant office building, constructed between 2013 and 2022, offers 73,172 total square feet of space. Situated on 3.94 acres, the property is zoned C-H (Heavy Commercial). The building benefits from its convenient location between two I-15 exits and offers great building signage opportunities. It is located close to restaurants and shopping at The Meadows in Lehi.
Key Highlights
- Multi tenant office building ideal for investors.
- Conveniently located between two I‑15 exits for easy access.
- Great building signage offers excellent visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,027,335
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,546,700
$20.5M
Cap Rate 7%
$14,676,214
$14.7M
Cap Rate 9%
$11,414,833
$11.4M
Market Conditions
NOI Build-Up for 73,172 SF
Gross rent
$1.76M $24.00/SF
− Vacancy
−$386.3K −$5.28/SF
EGI
$1.37M $18.72/SF
− OpEx
−$342.4K −$4.68/SF
NOI
$1.03M $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,546,700
Cap Rate 7%
$14,676,214
Cap Rate 9%
$11,414,833
Alternative Uses
Best Use
Office B
$14.68M
$12.84M – $17.12M
NOI $1,027,335 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.17M
$17.65M – $23.53M
NOI $1,411,927 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Explore this area
Business Placement
Demographics for 84043, UT
76,954
Population
23,408
Households
3.3
Avg Household Size
26
Median Age
50%
College-Educated
97%
High-School Grad
31.1 sq mi
ZIP Area
2,474
Density / Sq Mi
$125,598
Median Household Income
$49,643
Median Earnings
$1,802
Median Rent
$567,500
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
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building with convenient access and great signage.
Where is this office building located?
The property is located at 525 S 850 E Lehi, UT.
What is the asking price?
The asking price for this property is $14,900,000.
What are key features of this property?
This property features: Multi tenant office building ideal for investors.; Conveniently located between two I‑15 exits for easy access.; Great building signage offers excellent visibility.
