Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    879 W 700 S, Unit 1 Springville, UT 84663

    Sponsored
    For Sale
    $349,900

    COMMERCIAL - Springville, UT

    Lot size:
    0.33 Acres
    Days on Market:
    513
    Last Refresh:
    Jan 24 at 4:06 pm

    Property Features for 879 W 700 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    APN
    55-991-0001
    Lot size
    0.33 Acres

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Brandon Aalders

    Realtypath (801) 386-5908

    Listing agent Brandon Aalders (801) 256-9595

    Listing date Aug 30, 2024

    MLS# 2020771 Listing URL

    Copyright © 2025 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

    New Development in Springville, UT

    This property is a brand new multifamily development situated in Springville, Utah, located minutes from exit 260. The property is zoned for multi-family use and has a lot size of 0.33 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Utah
    State
    Utah
    Longitude
    -111.5707647
    Latitude
    40.1384586

    Nearby Similar for Sale

    • $2,325,000
      8,625 SF

      Springville Multifamily Investment Opportunity

      New 5-unit townhome building in Springville, Utah.
      745 S Harrison Dr W, Springville, UT 84663
      View Details
    • $499,000
      3,556 SF

      Charming Legal Duplex in Springville

      Legal duplex in the heart of Springville with updated features.
      393 E Center St, Springville, UT 84663
      View Details
    • $332,500
      1,345 SF

      Modern Condo with Mountain Views

      Trendy 3-bedroom condo with mountain views, move-in ready.
      2395 W 500 S, Springville, UT 84663
      View Details
    • $274,999

      Springville Condo with Bay Windows

      Charming 2-bedroom condo in Brookline community with private patio.
      2465 W 450 S, Springville, UT 84663
      View Details
    • $27,964,444
      242,000 SF

      Springville Industrial Facility For Sale

      Single tenant industrial building with excess land for expansion.
      1375 Mountain Springs Pkwy, Springville, UT 84663
      View Details
    • $333,900
      1,084 SF

      Updated Townhome Near BYU

      Updated 2-bedroom, 2-bath townhome near BYU with many amenities.
      814 N 175 E, Springville, UT 84663
      View Details
    • $1,822,500
      8,100 SF

      Springville Warehouse Units For Sale

      Three warehouse units available, each 8,100 SF, Springville, Utah.
      141-145 W 900 N, Springville, UT 84664
      View Details
    • $1,450,000
      5,141 SF

      Springville Retail Property For Sale

      Retail property built in 2008, located in Springville, Utah.
      665 E 400 S, Springville, UT 84663
      View Details
    • $595,000
      3,028 SF

      Springville 55+ Subdivision Home

      Wheelchair accessible home in desirable Springville 55+ subdivision.
      893 N 400 E, Springville, UT 84663
      View Details
    • $4,047,801
      5,171 SF

      Remodeled Flex Space with Access

      Remodeled flex space with easy access and ample parking.
      1195 Spring Creek Pl, Springville, UT 84663
      View Details
    • $5,250,000
      24,300 SF

      Industrial Condos For Sale

      Three industrial condos totaling 24,300 SF, great owner/user opportunity.
      125-139 W 900 N, Springville, UT 84664
      View Details
    • $3,150,000
      12,086 SF

      Retail Property in Springville, UT

      Retail property available for sale in Springville, Utah.
      1190 N Main St, Springville, UT 84663
      View Details

    FAQs

    What type of property is this?
    Multifamily property - New multifamily development minutes from exit 260 in Springville.
    Where is this multifamily property located?
    The property is located at 879 W 700 S, Unit 1 Springville, UT.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Brand new development; - Located minutes off exit 260; - Natural Gas Available
    (801) 256-9595
    Request Owner's contact information
    879 W 700 S, Unit 1 Springville, UT 84663
    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.
    879 W 700 S, Unit 1
    Springville, UT 84663
    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
    879 W 700 S, Unit 1 Springville, UT 84663
    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
    Brandon Aalders
    (801) 256-9595
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.