Property profile

1199 W 700 S Pleasant Grove, UT 84062

FOR SALE
Office buildings
Property ID
US86-0166217
105,223 SF 12.48 ac lot Built 1998
Individually Owned 23-yr Hold
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Property summary

AI-generated overview

This exceptional commercial property presents a unique investment opportunity in Pleasant Grove, Utah. Located at 1199 W 700 S, this two-story, 106,000 square foot executive office campus sits on a generous 12.48-acre lot. Its strategic location just off the I-15 Interchange (Exit 275) provides unparalleled access and visibility, making it an ideal headquarters for a discerning business. The property boasts stunning, unobstructed mountain views, adding to its already impressive appeal. The campus benefits from its proximity to a variety of new restaurants and hospitality amenities, enhancing its attractiveness to employees and clients alike. This is a rare chance to acquire a highly sought-after office property in a thriving Utah County location. The asking price for this significant commercial real estate asset is $26,800,000. The property's size and location make it suitable for a variety of uses, presenting a compelling investment opportunity for those seeking a premier commercial space in a rapidly growing area. The property is classified as both retail and office space, offering flexibility for potential buyers. Its executive office subtype caters to businesses seeking a high-end, prestigious location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 105,223 SF
Lot 12.48 ac (543,672 SF)
APN 49-944-0001
UPID US86-0166217

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

1199 W 700 S Pleasant Grove, UT 84062
Pleasant Grove metro Census 601 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2003
4 recorded transactions
2003
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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