18-Unit Modern Apartment
For Sale
$4,750,000
1126 W 250 S, American Fork, UT 84003
Modern construction combines contemporary finishes, efficient layouts, and professional management for a stabilized multifamily property.
Property Size17,965 SF
Price / SF$264.40
Days on Market41
Property Features for 1126 W 250 S
General Information
Standard status
Active
Size
17,965 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
18
Building Details
Year Built
2024
Listing Agency:
Real Broker, LLC
(801) 540-8131
Listed By:
Parley J Wersland
Source:
Chancehammock
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 12:10PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Completed in 2024, this 18-unit apartment building contains 17,965 square feet and is presented as a stabilized multifamily asset. The property features contemporary finishes, efficient unit layouts, and professional management, with no deferred maintenance reported and minimal capital expenditure requirements described. High occupancy and established in-place rents further define the current operating profile.
The property is located at 1126 W 250 S in American Fork, Utah, within Utah County. The surrounding context provides access to major employment centers, retail, and transportation corridors. Its newer construction and professionally managed configuration offer a straightforward operating platform for multifamily ownership.
The property is located at 1126 W 250 S in American Fork, Utah, within Utah County. The surrounding context provides access to major employment centers, retail, and transportation corridors. Its newer construction and professionally managed configuration offer a straightforward operating platform for multifamily ownership.
Key Highlights
- 18‑unit apartment building totaling 17,965 square feet
- Constructed in 2024
- Contemporary finishes and efficient unit layouts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$152,385
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,047,700
$3.0M
Cap Rate 7%
$2,176,929
$2.2M
Cap Rate 9%
$1,693,167
$1.7M
Market Conditions
NOI Build-Up for 17,965 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$291.0K $16.20/SF
− Vacancy
−$14.0K −$0.78/SF
EGI
$277.1K $15.42/SF
− OpEx
−$124.7K −$6.94/SF
NOI
$152.4K $8.48/SF
Area
Utah County, UT
Vacancy
4.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,047,700
Cap Rate 7%
$2,176,929
Cap Rate 9%
$1,693,167
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.90M – $2.54M
NOI $152,385 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.95M
$4.33M – $5.78M
NOI $346,653 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 84003, UT
52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Modern construction combines contemporary finishes, efficient layouts, and professional management for a stabilized multifamily property.
Where is this apartment building located?
The property is located at 1126 W 250 S American Fork, UT.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 18‑unit apartment building totaling 17,965 square feet; Constructed in 2024; Contemporary finishes and efficient unit layouts
