Office Unit with Executive
For Sale
$899,900
843 N 900 W #305, Orem, UT 84057
Professional workspace with freeway access, conference space, kitchen, elevator access, and front parking.
Property Size3,377 SF
Price / SF$266.48
Days on Market41
Property Features for 843 N 900 W #305
General Information
Standard status
Active
Size
3,377 SF
Elevators
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2008
Listing Agency:
KW South Valley Keller Williams
(801) 676-5700
Listed By:
Justin Hurd
Source:
Redsign
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 25 at 5:21AM
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 KW South Valley Keller Williams
Investment Insights
Based on property information with market context.
This 3,377-square-foot office unit at 843 N 900 W #305 in Orem includes five private offices, two executive suites, a large training and conference room, kitchen, and copy room. Elevator access and parking directly in front of the building add practical convenience. The property was built in 2008.
Positioned just off I-15, the suite provides immediate freeway access, with restaurants and other amenities nearby. Its layout also allows the rear executive suites to be separated for individual leasing or sale, providing flexibility within the existing configuration.
Positioned just off I-15, the suite provides immediate freeway access, with restaurants and other amenities nearby. Its layout also allows the rear executive suites to be separated for individual leasing or sale, providing flexibility within the existing configuration.
Key Highlights
- 3,377‑square‑foot office unit built in 2008
- Five private offices plus two executive suites
- Large training and conference room with kitchen and copy room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$948,260
$948.3K
Cap Rate 7%
$677,329
$677.3K
Cap Rate 9%
$526,811
$526.8K
Market Conditions
NOI Build-Up for 3,377 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.0K $24.00/SF
− Vacancy
−$17.8K −$5.28/SF
EGI
$63.2K $18.72/SF
− OpEx
−$15.8K −$4.68/SF
NOI
$47.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$948,260
Cap Rate 7%
$677,329
Cap Rate 9%
$526,811
Alternative Uses
Best Use
Office B
$677.3K
$592.7K – $790.2K
NOI $47,413 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$930.9K
$814.5K – $1.09M
NOI $65,163 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,234
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
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 - Professional workspace with freeway access, conference space, kitchen, elevator access, and front parking.
Where is this office units located?
The property is located at 843 N 900 W #305 Orem, UT.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 3,377‑square‑foot office unit built in 2008; Five private offices plus two executive suites; Large training and conference room with kitchen and copy room
