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    1068 Wasatch Spring Road Hideout, UT 84036

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    For Sale
    $875,000

    COMMERCIAL - Hideout, UT

    Property size:
    1,785 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $490/SF
    Added:
    Feb 4, 2026
    Days on Market:
    84
    Last Refresh:
    Apr 29 at 8:06 pm

    Property Features for 1068 Wasatch Spring Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    00-0021-3623
    Size
    1,785 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3500

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2024
    Building materials
    Stone, Vinyl Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Jonathan Crosswhite

    Listing agent Jonathan Crosswhite License #10562428

    Listing office Christie's Int. RE VUE 1790 Bonanza Drive Suite 201, Park City, UT

    Listing date Feb 4, 2026

    MLS# 12600417

    Copyright © 2026 Park City Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Customizable Commercial Space Near Park City

    Located minutes from Park City, Deer Valley East Village, Hideout, Kamas, and Jordanelle, this commercial space at Commons at Wasatch Springs is suitable for small businesses and entrepreneurs. The unit, with an area of 1785 square feet, is in shell condition, offering flexibility for customization. It is ideal for office, retail, wellness, or service-based uses, allowing control over layout, finishes, and functionality. The property features a two-story layout and modern architecture. The seller is offering below-market financing with 12.5%-17.5% down and approximately 2% interest (prepaid at closing), with no monthly payments for the first 12 months, requiring the buyer to refinance within one year. This structure allows time to build out, occupy, or lease the space before transitioning to conventional financing. The lot size is 0.03 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Hideout
    County
    Summit
    State
    Utah
    Longitude
    -110.724
    Latitude
    40.8065

    Nearby Similar for Sale

    • $1,249,000
      1,785 SF

      Move-in Ready Commercial Space Available

      Fully built-out commercial space near Park City, immediate occupancy.
      1082 Wasatch Spring Road unit: T2, Hideout, UT 84036
      View Details
    • $1,299,000
      1,785 SF

      Move-in-ready Commercial Space Available

      Finished commercial space with income, near Park City and Deer Valley.
      1086 Wasatch Spring Road unit: T1, Hideout, UT 84036
      View Details

    FAQs

    What type of property is this?
    Office units - Shell condition unit ideal for office, retail, or service uses.
    Where is this office units located?
    The property is located at 1068 Wasatch Spring Road Hideout, UT.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Below‑market seller financing available with low interest (~2%) and no monthly payments for the first 12 months.; Shell condition provides maximum flexibility to design and build out the space to exact needs.; Ideal for office, retail, wellness, or service‑based businesses.
    (435) 659-4757
    We can help!
    Listing Contact
    Jonathan Crosswhite
    Real Estate License ID: 10562428
    Learn More
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    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
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