380 North 200 West, Bountiful, UT 84010 | Multi-Tenant Office Building

Discover a high-yield investment opportunity at the Parkview Building, a strategically located professional office complex in the heart of Bountiful, Utah. This 19,980-square-foot multi-tenant asset offers a rare blend of immediate cash flow and significant "mark-to-market" upside in one of the Wasatch Front’s most supply-constrained submarkets.

Investment Overview & Financial Performance

The Parkview Building represents a sophisticated value-add play for investors or a strategic acquisition for an owner-user. Currently generating an annual gross income of $264,468, the property boasts an in-place NOI of approximately $200,000, reflecting a stable 6.07% going-in cap rate.

What sets this property apart is the immense rental growth potential. With current rents averaging just $13.24/SF to $16.82/SF, there is a substantial gap compared to the Davis County market average of low-to-high $20s. By bridging this gap, investors can realize a Pro-Forma NOI of $325,000, pushing the stabilized yield to an impressive 9.90%.

Property Specifications

• Price: $3,296,700

• Price Per Square Foot: $165

• Total Square Footage: 19,980 SF

• Acreage: 0.855 Acres

• Year Built: 1985

• Stories: 2

• Parking: 2.83 per 1,000 sq ft

• Tenancy: Multi-tenant (Current long-standing professional mix)

Why Invest in the Bountiful Office Market?

The Davis County office submarket is one of the most resilient in Utah, maintaining a vacancy rate between 4% and 6%. This significantly outperforms larger regional markets, ensuring high demand and tenant retention.

Key Value Drivers:

• Mark-to-Market Upside: Market rents are currently ~$23/SF, while this building sits at ~$13–$16/SF. Every $1.00/SF increase in rent adds approximately $20,000 to the annual NOI.

• Lease Flexibility: With several tenants currently on month-to-month agreements or nearing expiration, a new owner has immediate control over repositioning the asset or recapturing space for their own business operations.

• Strategic Location: Situated at 380 North 200 West, the building offers excellent accessibility for clients and employees within the Bountiful community.

Detailed Investment Highlights

• Immediate Scalability: A modest $1.50/SF rent increase projects a 7.0% cap rate in the near term.

• Owner-User Optionality: Perfect for a business owner looking to occupy a portion of the building while the existing tenant base pays down the mortgage.

• Strong Fundamentals: A 1985 build with 2.83/1,000 SF parking ratio provides the infrastructure needed for modern professional services.

• Stabilized Pro-Forma: Potential to reach a $325,000 NOI, representing a $125,000+ increase over current figures through active management.

This offering is a rare combination of stability and explosive growth potential. Whether you are looking for a reliable income stream or a headquarters for your business, the Parkview Building is the premier choice in the Bountiful/Davis County market.

Contact us today to schedule a tour or receive the full offering memorandum for 380 North 200 West.