Medical Office
For Sale
$149,999
990 S Medical Dr #ul 4, Brigham City, UT 84302
Functional office condo near Brigham City Community Hospital with access to major roads and highways.
Property Size888 SF
Price / SF$168.92
Days on Market50
Property Features for 990 S Medical Dr #ul 4
General Information
Standard status
Active
Size
888 SF
Property Condition
Severity
Repairs Needed
Evidence
could use a little TLC
Additional Details
Highway Access
Yes
Building Details
Year Built
1978
Listing Agency:
Equity Real Estate
(801) 651-3071
Listed By:
Kevin Hall
Source:
Chancehammock
Added: Jul 11
Changed: Aug 28
Last Checked: Aug 25 at 4:15AM
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 medical office condo provides 888 square feet of functional commercial space in a 1978-built property. The interior requires updates, offering a straightforward setting for a medical practice, professional office, or small business headquarters.
The property is located near Brigham City Community Hospital and benefits from proximity to major roads and highways. The surrounding area includes established businesses, while the site offers strong traffic exposure and convenient access for office users and visitors.
The property is located near Brigham City Community Hospital and benefits from proximity to major roads and highways. The surrounding area includes established businesses, while the site offers strong traffic exposure and convenient access for office users and visitors.
Key Highlights
- 888 SF medical office condo
- Near Brigham City Community Hospital
- Built in 1978
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
$11,566
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
7.71%
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%
$231,320
$231.3K
Cap Rate 7%
$165,229
$165.2K
Cap Rate 9%
$128,511
$128.5K
Market Conditions
NOI Build-Up for 888 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
$19.2K $21.60/SF
− Vacancy
−$3.8K −$4.23/SF
EGI
$15.4K $17.37/SF
− OpEx
−$3.9K −$4.34/SF
NOI
$11.6K $13.02/SF
Area
Box Elder County, UT
Vacancy
19.60%
Lease Rate
$21.60 /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%
$231,320
Cap Rate 7%
$165,229
Cap Rate 9%
$128,511
Alternative Uses
Best Use
Office B
$165.2K
$144.6K – $192.8K
NOI $11,566 @ 7.0% cap · market cap 7.71%
Second Best
Healthcare Medical
$154.6K
$135.3K – $180.4K
NOI $10,823 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$230.6K
$201.8K – $269.0K
NOI $16,142 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84302, UT
26,564
Population
9,355
Households
2.8
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
79.5 sq mi
ZIP Area
334
Density / Sq Mi
$75,247
Median Household Income
$39,468
Median Earnings
$957
Median Rent
$343,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Functional office condo near Brigham City Community Hospital with access to major roads and highways.
Where is this medical office space located?
The property is located at 990 S Medical Dr #ul 4 Brigham City, UT.
What is the asking price?
The asking price for this property is $149,999.
What are key features of this property?
This property features: 888 SF medical office condo; Near Brigham City Community Hospital; Built in 1978
