380 North 200 West offers a unique opportunity to acquire a well-located, multi-tenant office building in Bountiful—one of the more stable and supply-constrained office submarkets along the Wasatch Front. The property is currently generating approximately $264,468 in annual gross income, with in-place NOI of approximately $200,000, providing immediate cash flow supported by a diverse mix of long-standing professional tenants. A key component of the investment thesis is the mark-to-market opportunity in rental rates. Current income equates to approximately $16.82/SF on occupied suite area, and approximately $13.24/SF on an effective full-building basis, reflecting the impact of common area. This compares favorably against recent Davis County leasing activity, where comparable office space has achieved rents in the low-$20s to high-$20s per square foot. This creates a meaningful rent gap and multiple paths to increase income over time. Each $1.00/SF increase equates to approximately $20,000 in additional annual NOI. The lease structure provides exceptional flexibility, with several tenants operating on month-to-month agreements or approaching near-term expirations. This allows a new owner to implement rent increases in the near term while also creating the ability to recapture space for owner-user occupancy over time. A conservative increase of approximately $1.50/SF supports an additional ~$30,000 in NOI, increasing yield to approximately 7.0%. Longer term, repositioning rents to approximately $19.75/SF full service could support an estimated NOI of ~$325,000, representing a stabilized yield approaching 10% at the current basis. Davis County office fundamentals remain strong, with vacancy estimated in the ~4%–6% range, significantly outperforming larger Wasatch Front office markets. This offering provides a rare combination of in-place income, near-term leasing control, and owner/user optionality.