Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    972 N 600 E Spanish Fork, UT 84660

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $32 SF/Yr

    Office space available for lease in Spanish Fork, Utah.

    Property size:
    14,844 SF
    Lot size:
    14,844 SF

    Property Features for 972 N 600 E

    General Information

    Size
    14,844 SF

    Building Details

    Year built
    2015

    We can help!

    Listing Contact
    Zachary Hatch
    Source: Naiglobal

    Listing Agent: Zachary Hatch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spanish Fork Office Space Available

    This property offers 14,844 square feet of office space available for rent. The location is in Spanish Fork, Utah.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.6436618
    Latitude
    40.1224275

    Nearby Similar for Lease

    • $10 SF/Yr
      800,766 SF

      El Tenedor Logistics Center

      Utah County Industrial Space Available
      1401 300, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      129,683 SF

      Spanish Fork Warehouse Space Available

      129,683 SF warehouse with cross-dock and temperature control.
      3065 N 170 E, Spanish Fork, UT 84660
      View Details
    • $11 SF/Yr
      35,204 SF

      Canyon Creek Business Park Space

      Modern Flex Space in Spanish Fork, UT
      863 1950, Spanish Fork, UT 84660
      View Details
    • $10 SF/Yr
      1,948,089 SF

      Global Logistics HQ: Spanish Fork

      1.9M SF Warehouse Space Available
      0 700, Spanish Fork, UT 84660
      View Details
    • $36 SF/Yr
      679,844 SF

      Canyon Creek Retail Space Available

      Spanish Fork, UT: Prime Retail Sublease
      507 East St, Spanish Fork, UT 84660
      View Details
    • $38 SF/Yr
      4,679 SF

      Spanish Fork Retail Center Opportunity

      Prime Retail Space, Multiple Units Available
      842 Spanish Fork Pkwy, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      80,129 SF

      Industrial Space Near Spanish Fork Airport

      New industrial space available for pre-lease near Spanish Fork Airport.
      2453 N 700 W, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      280,980 SF

      Spanish Fork Industrial Space Available

      28,800 SF industrial space with cross-dock configuration for lease.
      2949 N 170 E, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      193,200 SF

      Spanish Fork Skypark Development

      Nine-building, 2 million-square-foot development in Utah County.
      5768 S 650 W, Spanish Fork, UT 84660
      View Details
    • $1.25 SF/Yr
      1,440 SF

      Flex Units in Industrial Park

      Flex units available for lease or purchase near I-15.
      Main St, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Space with Secured Yard

      Industrial space for lease with fenced, secured yard.
      800 South Ln West, Spanish Fork, UT 84660
      View Details
    • $1.00 SF/Yr
      6,319 SF

      Retail and Warehouse Space Available

      Retail and warehouse space with ample parking for lease.
      55 E 100 N, Spanish Fork, UT 84660
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Spanish Fork, Utah.
    Where is this office space located?
    The property is located at 972 N 600 E Spanish Fork, UT.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Office space available for lease.; - Located in Spanish Fork, Utah.; - Building constructed in 2015.
    (801) 341-1991
    Request Owner's contact information
    972 N 600 E Spanish Fork, UT 84660
    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.
    972 N 600 E
    Spanish Fork, UT 84660
    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
    972 N 600 E Spanish Fork, UT 84660
    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
    Zachary Hatch
    (801) 341-1991
    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.