Two-Unit Office
For Sale
$430,000
1086 N 450 W #109, Springville, UT 84663
The adjoining spaces may be acquired or leased individually or together, with a shared flexible office layout.
Property Size2,310 SF
Price / SF$186.15
Days on Market132
Property Features for 1086 N 450 W #109
General Information
Standard status
Active
Size
2,310 SF
Property subtype
Commercial
Zoning
LIM
Additional Details
Floor
2
Highway Access
Yes
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,622
Amenities
Two private conference rooms
Large open collaboration area
Private break room
High-speed Comcast available
Onsite HOA management
Excellent natural light throughout
Building Details
Building Size
2,310 SF
Year Built
2009
Listing Agency:
Etzel Realty, LLC
Listed By:
Frankie Sacco · License #5476963
(435) 637-6777
Source:
Etzelonline
Added: Jun 15
Changed: Oct 23
Last Checked: Oct 23 at 4:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Etzel Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2009, this second-floor office property comprises two 1,155-square-foot units, totaling 2,310 square feet. The layout includes two private conference rooms, an open collaboration area, and a private break room. The units may be purchased or leased separately, or combined as contiguous space. Zoning is LIM, and Comcast high-speed service is available.
The property is in Springville with access to I-15. Main Street, retail, dining, and services are minutes away, and Provo, Spanish Fork, and other parts of Utah County are accessible from the area. The setting includes established professional businesses and mountain views.
The property is in Springville with access to I-15. Main Street, retail, dining, and services are minutes away, and Provo, Spanish Fork, and other parts of Utah County are accessible from the area. The setting includes established professional businesses and mountain views.
Key Highlights
- Two office units of 1,155 square feet each; 2,310 square feet combined
- Units can be purchased or leased individually or together
- Second‑floor layout includes two private conference rooms, an open collaboration area, and a private break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,432
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,640
$648.6K
Cap Rate 7%
$463,314
$463.3K
Cap Rate 9%
$360,356
$360.4K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$55.4K $24.00/SF
− Vacancy
−$12.2K −$5.28/SF
EGI
$43.2K $18.72/SF
− OpEx
−$10.8K −$4.68/SF
NOI
$32.4K $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,640
Cap Rate 7%
$463,314
Cap Rate 9%
$360,356
Alternative Uses
Best Use
Office B
$463.3K
$405.4K – $540.5K
NOI $32,432 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$636.8K
$557.2K – $742.9K
NOI $44,574 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Explore this area
Business Placement
Demographics for 84663, UT
35,647
Population
11,025
Households
3.2
Avg Household Size
29
Median Age
39%
College-Educated
95%
High-School Grad
109.7 sq mi
ZIP Area
325
Density / Sq Mi
$88,919
Median Household Income
$39,439
Median Earnings
$1,475
Median Rent
$430,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The adjoining spaces may be acquired or leased individually or together, with a shared flexible office layout.
Where is this office unit located?
The property is located at 1086 N 450 W #109 Springville, UT.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two office units of 1,155 square feet each; 2,310 square feet combined; Units can be purchased or leased individually or together; Second‑floor layout includes two private conference rooms, an open collaboration area, and a private break room
