Add Listing
    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

    3125 West Executive Pkwy Lehi, UT 84043

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr ($9,256 /Mo)

    Office space available in Lehi with mountain views.

    Property size:
    4,628 SF
    Lot size:
    4,628 SF

    Property Features for 3125 West Executive Pkwy

    General Information

    Size
    4,628 SF

    We can help!

    Listing Contact
    James Mecham
    James Mecham
    Source: Cbre

    Listing Agency: CBRE Salt Lake City Listing Agent: James Mecham

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

    Learn more

    Property Insight Report

    Overview

    Lehi Office Space For Rent

    The property at 3125 West Executive Parkway is located in the Thanksgiving Pointe Development, centrally situated between Salt Lake Valley and Utah Valley. The building features classic architectural elements and a large atrium and lobby, providing natural light and mountain views. A large shared breakroom is also available. Easy access to I-15 and the Front Runner commuter rail system.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Roots of Humanity Foundation Charitable Organization Elevate Golf Studio Golf Course Total Client Connect Corporate Office Thanksgiving Point LC Hotel & Motel

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehi
    County
    Utah
    State
    Utah
    Longitude
    -111.8998374
    Latitude
    40.4295286

    Nearby Similar for Lease

    • Contact for pricing
      6,098 SF

      Lehi Commercial Space Available

      Industrial/Retail space for lease in Lehi, Utah.
      64 N 400 W, Lehi, UT 84043
      View Details
    • $950,000
      9,148 SF

      Retail Space with Drive-Thru Access

      High-visibility Lehi retail space with drive-thru, suitable for various uses.
      198 E State St, Lehi, UT 84043
      View Details
    • Sponsored
      Contact for pricing

      Traverse Ridge

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      3450 Triumph Blvd, Lehi, UT 84043
      View Details
    • Contact for pricing

      Spaces Triumph Boulevard

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      3300 Triumph Blvd, Lehi, UT 84043
      View Details
    • $1,400,000
      28,314 SF

      Lehi Commercial Property For Rent

      Commercial property in Lehi, suitable for office or hospitality.
      59 N 500 W, Lehi, UT 84043
      View Details
    • $22 SF/Yr
      4,249 SF

      Lehi Office Space For Lease

      Office space near FrontRunner station and I-15 in Lehi.
      2975 Executive Pkwy, Lehi, UT 84043
      View Details
    • $31 SF/Yr
      17,550 SF

      Lehi Office Space For Rent

      Office space for rent in a rapidly growing Utah community.
      3450 Triumph Blvd, Lehi, UT 84043
      View Details
    • Contact for pricing

      Office Space at Lehi Station

      Office space available for lease at Lehi Station.
      2901 Ashton Blvd, Lehi, UT 84043
      View Details
    • $38 SF/Yr
      1,019 SF

      Retail Space in Lehi Center

      1,274 SF retail space for lease in Lehi, Utah.
      1870 W Traverse Pkwy, Lehi, UT 84005
      View Details
    • $35 SF/Yr
      2,350 SF

      Retail Space Near Major Highways

      Retail space with excellent access to SR-92 and I-15.
      1133 W 3200 N, Lehi, UT 84043
      View Details
    • $23 SF/Yr
      5,064 SF

      Modern Office Building in Lehi

      Modern office building with panoramic views, close to amenities.
      3200 W Clubhouse Dr, Lehi, UT 84043
      View Details
    • $30 SF/Yr
      3,746 SF

      Modern Glass Tower Office Space

      Seven-story office tower with mountain views and I-15 access.
      3333 N Digital Dr, Lehi, UT 84043
      View Details

    FAQs

    What type of property is this?
    Office building - Office space available in Lehi with mountain views.
    Where is this office building located?
    The property is located at 3125 West Executive Pkwy Lehi, UT.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Easy access to I-15 and the Front Runner commuter rail system.; - Located in the prestigious Thanksgiving Pointe Development.; - Centrally situated between Salt Lake Valley and Utah Valley.
    (801) 869-8028
    Request Owner's contact information
    3125 West Executive Pkwy Lehi, UT 84043
    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.
    3125 West Executive Pkwy
    Lehi, UT 84043
    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
    3125 West Executive Pkwy Lehi, UT 84043
    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
    James Mecham
    James Mecham
    Real Estate License ID: 5479783-SA00
    (801) 869-8028 (801) 869-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!