Office Condo Near
For Sale
$149,999
990 S MEDICAL Dr W, Brigham City, UT 84302
Commercial Sale, Brigham City, UT
Property Size888 SF
Lot Size0.07 Acres
Price / SF$168.92
Days on Market93
Property Features for 990 S MEDICAL Dr W
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
Brigham City; Perry; Mantua
Standard status
Active
APN
03-183-0010
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
1596
Building Details
Year built
1978
Listing Agency:
Equity Real Estate
(800) 785-9995
Listed By:
Kevin Hall
(435) 730-0718
Added: May 21
Changed: Aug 19
Last Checked: Aug 21 at 9:06AM
MLS# 2159521
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office condominium offers 888 square feet of commercial space at 990 S Medical Dr W in Brigham City. Built in 1978, the property provides a compact office setting with exposure to passing traffic and a location near Brigham City Community Hospital.
Major roads and highways are readily accessible, supporting convenient connections throughout the area. The space is described as functional but would benefit from cosmetic or other updates, giving an owner the opportunity to refresh the interior for office or business use.
Major roads and highways are readily accessible, supporting convenient connections throughout the area. The space is described as functional but would benefit from cosmetic or other updates, giving an owner the opportunity to refresh the interior for office or business use.
Key Highlights
- 888 SF office condominium
- Near Brigham City Community Hospital
- Access to major roads and highways
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
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
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?
Office units - Office condominium near Brigham City Community Hospital with access to major roads and highways.
Where is this office units located?
The property is located at 990 S MEDICAL Dr W 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 office condominium; Near Brigham City Community Hospital; Access to major roads and highways
