Orem Office Space For
For Sale
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568 W 800 N, Orem, UT 84057
Own office space in Pinehurst Office Park near Timpanogos Hospital.
Property Size6,867 SF
Price / SF$224.99
Days on Market874
Property Features for 568 W 800 N
General Information
Standard status
Active
Size
6,867 SF
Class
B
Property subtype
Office
Building Details
Year Built
2006
Listing Agency:
Core Utah Real Estate
Listed By:
Aaron Cook · License #Utah
(801) 222-9696
Source:
Crexi
Added: Jun 3, 2024
Changed: Oct 21
Last Checked: Oct 23 at 4:21AM
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 Core Utah Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers an opportunity to own office space in Pinehurst Office Park. The space features building signage visible on 800 North. Its location adjacent to Timpanogos Hospital presents a potential opportunity for a medical user. The suite includes multiple offices, conference rooms, and open work space. The property contains 6,867 square feet.
Key Highlights
- Prime location adjacent to Timpanogos Hospital, ideal for medical professionals.
- Building signage visible on 800 North.
- Full ownership of the suite, unlike equity ownership models.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,413
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,928,260
$1.9M
Cap Rate 7%
$1,377,329
$1.4M
Cap Rate 9%
$1,071,256
$1.1M
Market Conditions
NOI Build-Up for 6,867 SF
Gross rent
$164.8K $24.00/SF
− Vacancy
−$36.3K −$5.28/SF
EGI
$128.6K $18.72/SF
− OpEx
−$32.1K −$4.68/SF
NOI
$96.4K $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%
$1,928,260
Cap Rate 7%
$1,377,329
Cap Rate 9%
$1,071,256
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,413 @ 7.0% cap · market cap 6.24%
Second Best
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,771 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,506 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 84057, UT
38,401
Population
12,246
Households
3.1
Avg Household Size
29
Median Age
39%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
6,194
Density / Sq Mi
$80,184
Median Household Income
$36,429
Median Earnings
$1,408
Median Rent
$398,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Own office space in Pinehurst Office Park near Timpanogos Hospital.
Where is this office unit located?
The property is located at 568 W 800 N Orem, UT.
What is the asking price?
The asking price for this property is $1,545,000.
What are key features of this property?
This property features: Prime location adjacent to Timpanogos Hospital, ideal for medical professionals.; Building signage visible on 800 North.; Full ownership of the suite, unlike equity ownership models.
