Renovated Office
New
For Sale
$399,900
594 E 800 S #103, Orem, UT 84097
Four offices share conference and restroom facilities, and the unit is occupied under a month-to-month lease.
Property Size1,175 SF
Price / SF$340.34
Days on Market6
Property Features for 594 E 800 S #103
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Office Units
1
Amenities
copy area
shared conference room
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Equity Real Estate
Listed By:
Wiser Real Estate
(801) 930-0214
Source:
Wiserhomesearch
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 6:41PM
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 Equity Real Estate
Investment Insights
Based on property information with market context.
This renovated office unit at Cameron Plaza contains four offices and a copy area within 1,175 square feet, including common area. A shared conference room and public restroom serve the unit. The property was built in 2003 and is occupied by a tenant on a month-to-month agreement.
The Orem property is near Riverwoods Shopping Area, Costco, UVU, and University Hospital. Its office layout, shared facilities, and current tenancy are key components of the offering.
The Orem property is near Riverwoods Shopping Area, Costco, UVU, and University Hospital. Its office layout, shared facilities, and current tenancy are key components of the offering.
Key Highlights
- 1,175 square feet, including common area
- Four offices and a copy area
- Shared conference room and public restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,497
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,940
$329.9K
Cap Rate 7%
$235,671
$235.7K
Cap Rate 9%
$183,300
$183.3K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$28.2K $24.00/SF
− Vacancy
−$6.2K −$5.28/SF
EGI
$22.0K $18.72/SF
− OpEx
−$5.5K −$4.68/SF
NOI
$16.5K $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%
$329,940
Cap Rate 7%
$235,671
Cap Rate 9%
$183,300
Alternative Uses
Best Use
Office B
$235.7K
$206.2K – $275.0K
NOI $16,497 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.9K
$283.4K – $377.9K
NOI $22,673 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,902
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Four offices share conference and restroom facilities, and the unit is occupied under a month-to-month lease.
Where is this office units located?
The property is located at 594 E 800 S #103 Orem, UT.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,175 square feet, including common area; Four offices and a copy area; Shared conference room and public restroom
