Building Details

Year Built 1980

Year Renovated 2022

Stories 2

Tenancy Single

Listing Agency: Newmark Mountain West

Listed By: Chris Falk · License #UT 5830205-SA00 Show Phone

Source: Crexi

Added: Jun 28, 2023 Changed: Sep 21 Last Checked: Oct 5 at 6:41PM

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Investment Insights

Based on property information with market context.

An office building is available for sale. The property is located in Woods Cross, Utah. The building has a size of 30355 square feet.

Key Highlights

• Available for sale
• YearBuilt: 1980

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$369,067

Cap Rate

8.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,381,340 $7.4M

Cap Rate 7%

$5,272,386 $5.3M

Cap Rate 9%

$4,100,744 $4.1M

Market Conditions

NOI Build-Up for 30,355 SF

Gross rent

$535.5K $17.64/SF

− Vacancy

−$43.4K −$1.43/SF

EGI

$492.1K $16.21/SF

− OpEx

−$123.0K −$4.05/SF

NOI

$369.1K $12.16/SF

Area

Davis County, UT

Vacancy

8.10%

Lease Rate

$17.64 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,381,340

Cap Rate 7%

$5,272,386

Cap Rate 9%

$4,100,744

Alternative Uses

Best Use

Office B

$5.27M

$4.61M – $6.15M (±1% cap)

NOI $369,067 @ 7.0% cap · market cap 8.11%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.01M

$6.13M – $8.18M (±1% cap)

NOI $490,751 @ 7.0% cap · market cap 10.79%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Law Firm Dental Office Pharmacy Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

343

Businesses Nearby

Explore this area Business Placement

Demographics for 84087, UT

16,217

Population

5,254

Households

3.1

Avg Household Size

32

Median Age

36%

College-Educated

97%

High-School Grad

13.9 sq mi

ZIP Area

1,167

Density / Sq Mi

$122,201

Median Household Income

$48,939

Median Earnings

$1,520

Median Rent

$489,100

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Office building available for sale in Woods Cross, Utah.

Where is this office building located?

The property is located at 2250 S 800 W Woods Cross, UT.

What is the asking price?

The asking price for this property is $4,550,000.

What are key features of this property?

This property features: Available for sale; YearBuilt: 1980