Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    757 S 1040 W Payson, UT 84651

    Sponsored
    Picture of Office space at S 1040 W 757, Payson, UT
    For Lease
    Contact for pricing

    COMMERCIAL - Payson, UT

    Type:Office
    Lot size:
    0.07 Acres
    Days on Market:
    135
    Last Refresh:
    Feb 11 at 7:06 pm

    Property Features for 757 S 1040 W

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    49-867-0201
    Lot size
    0.07 Acres

    Building Details

    Year built
    2017

    We can help!

    Listing Contact
    Paul W Gardner

    Keller Williams Westfield Real Estate

    Listing agent Paul W Gardner (801) 850-5600

    Listing date Sep 30, 2025

    MLS# 2114675

    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.

    Learn more

    Property Insight Report

    Overview

    Payson Office Space For Rent

    This prime office space is available for rent in Payson, Utah, conveniently located just off I-15 and 800 South. The ground-floor suite offers 3,052 square feet of space, along with an unfinished basement that provides additional storage or build-out potential. The property will be delivered in shell condition, with improvements built to suit the tenant's specific needs. A minimum 3-year lease term is required. This location presents an excellent opportunity for a variety of uses, including professional offices, medical facilities, or personal services. The high-visibility location and convenient access make it a strong choice for growing businesses. The lot size is 0.07 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Get Paid Fast ... Loan Service Warriors Water Restoration General Contractor BuyCannabis Dispensary (Recreational-Delivery) (Bike/Boat/Book/etc) Store Curaleaf Payson (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Utah
    State
    Utah
    Longitude
    -111.7499875
    Latitude
    40.0324612

    Nearby Similar for Lease

    • Contact for pricing
      5,227 SF

      New Industrial Flex Space

      New flex space with office and warehouse, easy freeway access.
      1548 W American Way, Payson, UT 84651
      View Details
    • Contact for pricing
      4,356 SF

      Payson Commercial Flex Space Available

      1500 sq ft flex space in prime location.
      174 E American Way S, Payson, UT 84651
      View Details
    • Contact for pricing
      49,684 SF

      American Way Industrial Space

      Class A Flex Space, 5,396 - 43,495 SF
      1548 American Way, Payson, UT 84651
      View Details
    • Contact for pricing
      1,500 SF

      Payson Retail Pad - 1500 SF

      High-traffic Payson, UT retail space available.
      911 Turf Farm Rd, Payson, UT 84651
      View Details
    • Contact for pricing
      920,964 SF

      Central Utah Logistics Hub

      Class A warehouse space, Payson, UT
      1500 American Way 500, Payson, UT 84651
      View Details
    • $36 SF/Yr
      1,511 SF

      Retail Space with High Traffic

      Retail space with high-traffic co-tenancy and a long-term lease.
      791 S 930 W, Payson, UT 84651
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Walmart

      Up to 5,000 SF retail space near Walmart Supercenter.
      837 Turf Farm Rd, Payson, UT 84651
      View Details
    • $1.00 SF/Yr
      3,385 SF

      Payson Warehouse with Office Space

      3,385 SF warehouse with office and yard space available.
      1693 W American Way, Payson, UT 84651
      View Details
    • Contact for pricing
      1,740 SF

      Retail Space Near Technical College

      Retail space near new technical college campus in Payson.
      1818 W 800 S, Payson, UT 84651
      View Details
    • Contact for pricing
      1,982 SF

      Retail Space Near Technical College

      Retail space near new technical college and mixed-use development.
      1736 W 800 S, Payson, UT 84651
      View Details
    • Contact for pricing
      6,673 SF

      Medical Office Space with Pool

      Basement therapy office with pool, direct hospital connection, ample parking.
      S 1000 E 15, Payson, UT 84651
      View Details

    FAQs

    What type of property is this?
    Office space - Prime office space in Payson, just off I-15.
    Where is this office space located?
    The property is located at 757 S 1040 W Payson, UT.
    What are key features of this property?
    This property features: - Prime office space location just off I-15 and 800 South in Payson.; - **3,052 sq ft ground-floor suite** with unfinished basement for storage or build-out.; - Improvements built to suit tenant needs.
    (801) 850-5600
    Request Owner's contact information
    757 S 1040 W Payson, UT 84651
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    757 S 1040 W
    Payson, UT 84651
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    757 S 1040 W Payson, UT 84651
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul W Gardner
    (801) 850-5600
    Learn more
    Google sign-in failed. Please try again or use another login method.