Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Premier Industrial and Commercial Hub Title is generated by Realmo AI

    1156 N 1750 W, Springville, UT 84663

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Located in Springville, Utah, offering strategic location and modern amenities.

    Type:Industrial
    Added:
    May 29, 2024
    Days on Market:
    738
    Last Refresh:
    May 12 at 8:08 pm

    Property Features for 1156 N 1750 W

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 1156 N 1750 W Contact us

    We can help!

    Listing Contact
    Ben Richardson
    Ben Richardson

    Listing agent Ben Richardson License #UT 5504652-SA00

    Listing office Newmark Mountain West

    Listing date May 29, 2024

    Source Crexi

    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 Newmark Mountain West

    HighLights

    • Prime location in Springville, UT, benefiting from Utah County's robust economic growth.
    • Convenient access to major highways ensures seamless connectivity.
    • Located in one of the fastest‑growing regions in the U.S., with a large, skilled labor pool.
    • Home to major occupiers like Amazon and Facebook.
    • Offers modern amenities and flexible spaces.
    • Access to Utah's unparalleled quality of life.

    Overview

    Hobble Creek Business Park is an industrial and commercial center located in Springville, Utah. The park benefits from Utah County's economic growth and business-friendly environment. Its location provides access to major highways and proximity to key markets. Utah County is experiencing population and employment growth. Major occupiers in the park include Amazon, Facebook, and Young Living.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spire Ranges Industrial Manufacturer Legion Targets Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Accounting Firm Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Utah
    State
    Utah
    Longitude
    -111.6420716
    Latitude
    40.151811

    Nearby Similar for Lease

    • $4,027/Mo
      2,760 SF

      Flexible Warehouse Sublease in Springville

      Warehouse space available for short or long-term sublease.
      2322-2388 W 500 N , Springville, UT
      View Details
    • $31 SF/Yr
      1,588 SF

      Retail Space Near Freeway Access

      Retail space with quick freeway access and signage available.
      1795 W 500 S, Springville, UT
      View Details
    • Contact for pricing
      6,120 SF

      Flex R&D Space Available

      6,120 SF flex R&D space available for sublease.
      1195 Spring Creek Pl, Springville, UT, 84663, Springville, UT 84663
      View Details
    • $1.30 SF/Yr
      9,000 SF

      Springville Flex/R&D Space Available

      Flex/R&D space for lease in Springville, Utah.
      2322 W 500 N , Springville, UT
      View Details
    • Contact for pricing
      105,000 SF

      Retail and Office Space Available

      New retail and office spaces in Springville's newest development.
      102 W 1400 N, Springville, UT 84663
      View Details
    • Contact for pricing
      6,073 SF

      Springville Flex/Industrial Condo For Rent

      6,073 SF flex/industrial condo with freeway access.
      1195 N SPG CREEK PL, SPRINGVILLE, UT 84663
      View Details
    • $2,200/Mo
      4,035 SF

      Springville Warehouse with 3 Doors

      Industrial warehouse space available immediately off I-15.
      2499 W 700 S, Springville, UT
      View Details
    • Contact for pricing

      Flex Space with Steel Frame

      Flex space featuring solid steel frame construction and overhead doors.
      478 S W Frontage Road, Springville, UT 84663
      View Details
    • $16 SF/Yr
      3,150 SF

      Warehouse Space with Fenced Yard

      3,402 SF warehouse with loading dock and fenced yard.
      565 N Main St, Springville, UT
      View Details
    • Contact for pricing
      5,376 SF

      Retail and Grocery Space Available

      Retail and grocery space with ample parking and outdoor space.
      340-380 S Main St, Springville, UT 84663
      View Details
    • $1.30 SF/Yr
      2,760 SF

      Flex/R&D Space in Springville

      Flex/R&D space available for lease in Springville, Utah.
      683 N 2250 W, Springville, UT
      View Details
    • Contact for pricing
      692 SF

      Springville Office Space Available

      Office space for rent in Springville, Utah.
      1415 North Main Street, Springville, UT
      View Details

    FAQs

    What type of property is this?
    Industrial property - Located in Springville, Utah, offering strategic location and modern amenities.
    Where is this industrial property located?
    The property is located at 1156 N 1750 W Springville, UT.
    What are key features of this property?
    This property features: Prime location in Springville, UT, benefiting from Utah County's robust economic growth.; Convenient access to major highways ensures seamless connectivity.; Located in one of the fastest‑growing regions in the U.S., with a large, skilled labor pool.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ben Richardson
    Ben Richardson
    Real Estate License ID: UT 5504652-SA00
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1156 N 1750 W, Springville, UT 84663
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!