Orem Office Building For
For Sale
Contact for pricing
586 E 800 N, Orem, UT 84097
12,452 SqFt office building available in Orem, Utah.
Property Size12,452 SF
Price / SF$212.82
Days on Market230
Property Features for 586 E 800 N
General Information
Standard status
Active
Size
12,452 SF
Total Parking Spaces
65
Property subtype
Office
Listing Agency:
Legend Commercial
Listed By:
Artie Lucero · License #UT 8017726-SA00
Source:
Crexi
Added: Feb 18
Changed: Sep 22
Last Checked: Oct 5 at 6:39PM
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 Legend Commercial
Investment Insights
Based on property information with market context.
This commercial property is an office building located in Orem, Utah. The building offers 12,452 square feet of office space and is currently for sale.
Key Highlights
- Office Property
- 12,452 SqFt of space available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,826
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,496,520
$3.5M
Cap Rate 7%
$2,497,514
$2.5M
Cap Rate 9%
$1,942,511
$1.9M
Market Conditions
NOI Build-Up for 12,452 SF
Gross rent
$298.8K $24.00/SF
− Vacancy
−$65.7K −$5.28/SF
EGI
$233.1K $18.72/SF
− OpEx
−$58.3K −$4.68/SF
NOI
$174.8K $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%
$3,496,520
Cap Rate 7%
$2,497,514
Cap Rate 9%
$1,942,511
Alternative Uses
Best Use
Office B
$2.50M
$2.19M – $2.91M
NOI $174,826 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,274 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,284
Businesses Nearby
Explore this area
Business Placement
Demographics for 84097, UT
23,038
Population
7,237
Households
3.2
Avg Household Size
30
Median Age
50%
College-Educated
98%
High-School Grad
6.0 sq mi
ZIP Area
3,840
Density / Sq Mi
$97,034
Median Household Income
$34,536
Median Earnings
$1,414
Median Rent
$506,900
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
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Frequently Asked Questions
What type of property is this?
Office building - 12,452 SqFt office building available in Orem, Utah.
Where is this office building located?
The property is located at 586 E 800 N Orem, UT.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Office Property; 12,452 SqFt of space available
