New Professional Office Building
1642 E Spanish Fork Pkwy Spanish Fork, UT
1642 E Spanish Fork Pkwy, Spanish Fork, UT, 00000
Contact for pricing
For Sale
Contact for pricing
Suites available for lease in a new professional office building.
Property Size2,716 SF
Lot Size3.14 Acres
Price / SF$300
Days on Market472
Property Features for 1642 E Spanish Fork Pkwy
General Information
- Standard status
- Active
- Size
- 2,716 SF
- Lot size
- 3.14 Acres
- Property subtype
- OFFICE
Listing Agency
Wyngate
(801) 787-8388
Listed by
Roger Woolstenhulme
Source
Moodyscre
Added: Apr 4, 2025 Checked: Jul 19 at 2:53 am
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 Wyngate
Investment Insights
Based on property information with market context.
This new professional office building has five suites currently available for lease. The property offers 2716 square feet of office space and is located on East Spanish Fork Parkway in Spanish Fork, Utah.
Key Highlights
- New professional office building
- Five suites currently available for lease
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.2k | $24.00 |
| − Vacancy | −$14.3k | −$5.28 |
| EGI | $50.8k | $18.72 |
| − OpEx | −$12.7k | −$4.68 |
| NOI | $38.1k | $14.04 |
2,716 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$544.8K
$476.7K – $635.6K
NOI $38,133 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$748.7K
$655.1K – $873.5K
NOI $52,408 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Suites available for lease in a new professional office building.
Where is this office building located?
The property is located at 1642 E Spanish Fork Pkwy Spanish Fork, UT.
What is the asking price?
The asking price for this property is $814,800.
What are key features of this property?
This property features: New professional office building; Five suites currently available for lease
