Sign Up Successful!
You now have access to more from Realmo!
    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

    655 S 1200 W Springville, UT 84664

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $26 SF/Yr ($2,530 /Mo)

    Retail and apartment units available for lease.

    Property size:
    1,168 SF
    Lot size:
    4.33 Acres

    Property Features for 655 S 1200 W

    General Information

    Size
    1,168 SF
    Lot size
    4.33 Acres

    We can help!

    Listing Contact
    Scott Brady
    Scott Brady
    Source: Moodyscre

    Listing Agent: Scott Brady

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

    Learn more

    Property Insight Report

    Overview

    Retail and Apartment Building Space

    This property consists of two buildings. Building A features a main floor commercial space with apartments on the second and third floors. Building B contains apartments from the first through the third floor. There are eight office and retail spaces available for lease. The units can be combined. The property is pre-leasing now. The property size is 1168 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Gallery Apartment Complex Premier Putting Indoor Golf Course

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Utah
    State
    Utah
    Longitude
    -111.564849
    Latitude
    40.1363635

    Nearby Similar for Lease

    • Contact for pricing
      43,560 SF

      Springville Commercial Flex Space Available

      Flex space in Springville's industrial park with office and warehouse.
      993 N 450 W, Springville, UT 84663
      View Details
    • Contact for pricing
      8,400 SF

      Modern Industrial Space Available

      Versatile industrial spaces with high ceilings and ample power.
      1290 N 1750 W, Springville, UT 84663
      View Details
    • Contact for pricing
      11,824 SF

      Springville Retail Center Opportunity

      High-traffic retail space near freeway.
      400 1200, Springville, UT 84663
      View Details
    • Contact for pricing
      327,184 SF

      Spacious Industrial Warehouse For Rent

      327,184 SF warehouse divisible to 81,796 SF available for lease.
      1750 W Center St, Springville, UT 84663
      View Details
    • Contact for pricing
      84,000 SF

      Hobble Creek Business Park: Two Buildings

      Springville, UT Flex Space Available
      1294 1750, Springville, UT 84663
      View Details
    • $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 84663
      View Details
    • Contact for pricing
      67,200 SF

      Springville Industrial Space

      67,200 SF Industrial Building, Utah
      1156 1750, Springville, UT 84663
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Springville Center

      Retail spaces available in a busy Springville shopping center.
      510 S 950 W, Springville, UT 84663
      View Details
    • Contact for pricing
      2,217 SF

      Retail Space with Freeway Access

      Retail space available with convenient freeway access and established co-tenants.
      977 W 400 S, Springville, UT 84664
      View Details
    • $1.05 SF/Yr
      40,653 SF

      Springville Warehouse with Office Space

      Warehouse space with offices available in Springville industrial park.
      2414 West 700 South, Springville, UT 84663
      View Details
    • Contact for pricing
      55,461 SF

      Hobble Creek Flex Space Available

      Springville, UT Industrial Flex Space
      1294 1750, Springville, UT 84663
      View Details
    • Contact for pricing
      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

    FAQs

    What type of property is this?
    Retail space - Retail and apartment units available for lease.
    Where is this retail space located?
    The property is located at 655 S 1200 W Springville, UT.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Main floor commercial space available in Building A; - Available units: eight office/retail spaces; - Units can be combined to suit your needs
    (801) 456-8800
    Request Owner's contact information
    655 S 1200 W Springville, UT 84664
    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.
    655 S 1200 W
    Springville, UT 84664
    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
    655 S 1200 W Springville, UT 84664
    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
    Scott Brady
    Scott Brady
    Real Estate License ID: UT 5500481-SA00
    (801) 456-8800
    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.