568 W 800 N, Orem, UT 84057
Own office space in Pinehurst Office Park near Timpanogos Hospital.
- Added:
- Jun 3, 2024
- Days on Market:
- 736
- Last Refresh:
- May 13 at 8:13 pm
Property Features for 568 W 800 N
General Information
- Standard status
- Active
- Size
- 6,867 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agent Aaron Cook License #Utah
Listing office Core Utah Real Estate
Listing date Jun 3, 2024
Source Crexi
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
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.
- Existing build‑out with multiple offices, conference rooms, and open workspace.
- Significant cost savings compared to new "shell" condos requiring extensive finishing.
- Built in 2006.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.8k | $24.00 |
| − Vacancy | −$36.3k | −$5.28 |
| EGI | $128.6k | $18.72 |
| − OpEx | −$32.1k | −$4.68 |
| NOI | $96.4k | $14.04 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Orem
- County
- Utah
- State
- Utah
- Longitude
- -111.6820323
- Latitude
- 40.311335
