Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2322-2388 W 500 N Springville, UT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Warehouse space available for short or long-term sublease.

    Type:FLEX_R_AND_D
    Property size:
    2,760 SF
    Lot size:
    2.95 Acres
    Added:
    Apr 12, 2023
    Days on Market:
    1105
    Last Refresh:
    Apr 5 at 9:22 pm

    Property Features for 2322-2388 W 500 N

    General Information

    Standard status
    Active
    Size
    2,760 SF
    Lot size
    2.95 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 2322-2388 W 500 N Contact us

    We can help!

    Listing Contact
    Scott Gifford
    Scott Gifford

    Listing agent Scott Gifford

    Listing office St. John Properties | Utah

    Listing date Apr 12, 2023

    Source Moodyscre

    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 St. John Properties | Utah

    Overview

    Flexible Warehouse Sublease in Springville

    This warehouse space is available for sublease on a short or long-term basis, providing flexibility. The property is located equidistant from the 1400 N and 400 S Springville interchanges, offering convenient access to both northern and southern Utah County. The building features a parking ratio of 4 per 1000 square feet. It is equipped with 1600 amp, 3-phase, 208-volt power. The sublease includes all office furniture. The warehouse area measures 64 feet by 30 feet and has an 18-foot clear height and a 14-foot roll-up door. The total property size is 2760 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Center Auto Parts Store

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

    Similar Places Nearby

    • Springville Self Storage West — 63 N 2000 W, Springville, UT 84663

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Utah
    State
    Utah
    Longitude
    -111.654
    Latitude
    40.1734

    Nearby Similar for Lease

    • $1.05/mo

      Springville Warehouse with Office Space

      Warehouse space with offices available in Springville industrial park.
      2414 West 700 South #400, Springville, UT 84663
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      Springville Warehouse with 3 Doors

      Industrial warehouse space available immediately off I-15.
      2499 W 700 S, Springville, UT
      View Details
    • $31/mo

      Retail Space Near Freeway Access

      Retail space with quick freeway access and signage available.
      1795 W 500 S, Springville, UT
      View Details
    • $16/mo

      Warehouse Space with Fenced Yard

      3,402 SF warehouse with loading dock and fenced yard.
      565 N Main St, Springville, UT
      View Details
    • $1.15/mo

      Springville Warehouse Space Available

      6,750 SF warehouse space for lease in Springville, Utah.
      395 N 2000 W, Springville, UT
      View Details
    • Contact for pricing

      Modern Industrial Space Available

      Versatile industrial spaces with high ceilings and ample power.
      1290 N 1750 W, Springville, UT
      View Details
    • Contact for pricing

      Furnished Office Space with Amenities

      Furnished office space featuring gym, server room, and balconies.
      588 S 2000 W, Springville, UT
      View Details
    • Contact for pricing

      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

      Flex/R&D Space in Springville

      Flex/R&D space available for lease in Springville, Utah.
      2424 W 500 N, Springville, UT
      View Details
    • $26/mo

      Retail and Apartment Building Space

      Retail and apartment units available for lease.
      655 S 1200 W, Springville, UT
      View Details
    • Contact for pricing

      Retail Space with Freeway Access

      Retail space available with convenient freeway access and established co-tenants.
      977 W 400 S, Springville, UT
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space available for short or long-term sublease.
    Where is this warehouse located?
    The property is located at 2322-2388 W 500 N Springville, UT.
    What is the lease rate?
    The lease rate is $4,027 /Mo.
    What are key features of this property?
    This property features: Available for short or long‑term sublease, allowing maximum flexibility; Sublease includes all office furniture; Equidistant from the 1400 N and 400 S Springville interchanges
    (801) 899-7991 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Gifford
    Scott Gifford
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!