Orem Office Space For
568 W 800 N Orem, UT 84057
For Sale
Contact for pricing
Own office space in Pinehurst Office Park near Timpanogos Hospital.
Property Size6,867 SF
Price / SF$224.99
Days on Market781
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 Agency:
Core Utah Real Estate
(801) 222-9696
Listed By:
Aaron Cook · License #Utah
Source:
Crexi
Added: Jun 3, 2024
Changed: Jul 6
Last Checked: Jul 23 at 10:20AM
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
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 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 |
6,867 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Own office space in Pinehurst Office Park near Timpanogos Hospital.
Where is this office units 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.
