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

    131 S 700 E American Fork, UT 84003

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $13 SF/Yr

    Office space for rent near State Street in American Fork.

    Property size:
    430 SF
    Lot size:
    0.58 Acres

    Property Features for 131 S 700 E

    General Information

    Size
    430 SF
    Lot size
    0.58 Acres

    We can help!

    Listing Contact
    Dan Ford
    Dan Ford
    Source: Moodyscre

    Listing Agent: Dan Ford

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

    Learn more

    Property Insight Report

    Overview

    American Fork Office Space Available

    Located off State Street, this property offers office space with close proximity to retail amenities. The available space includes an office measuring 430 square feet, offered at $500 per month. This office space is located in the basement and can be used for storage. It does not have windows. The tenant is responsible for data and interior janitorial services for their space.
    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
    American Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.7800743
    Latitude
    40.3731596

    Nearby Similar for Lease

    • Contact for pricing
      2,614 SF

      Office Space in American Fork

      Upgraded office space conveniently located near the freeway.
      767 Auto Mall Dr, American Fork, UT 84003
      View Details
    • $21 SF/Yr
      11,172 SF

      Modern Office Space Available

      Office spaces with new finishes, high parking ratio, and courtyard.
      727 E 930 S, American Fork, UT 84003
      View Details
    • $18 SF/Yr
      3,700 SF

      American Fork Medical Office Building

      Prime Medical Office Space Available
      1026 Bamberger Dr, American Fork, UT 84003
      View Details
    • Contact for pricing
      13,212 SF

      Alpine Square Office Space

      American Fork Office: 1,490 sq ft available
      359 State St, American Fork, UT 84003
      View Details
    • Contact for pricing
      47,890 SF

      Valley Grove Flex Space Available

      Modern Industrial Flex Space in Pleasant Grove
      2315 700, American Fork, UT 84003
      View Details
    • $1.72 SF/Yr
      149,928 SF

      American Fork Retail Center

      Prime Utah retail space, multiple options.
      648 State St, American Fork, UT 84003
      View Details
    • $0.80 SF/Yr
      58,146 SF

      American Fork Industrial Flex Space

      58,146 SF Class A industrial flex space for sublease.
      1226 S 630 E, American Fork, UT 84003
      View Details
    • $366 /Mo
      3,485 SF

      Grove Tower Executive Suites

      Premium Utah County Office Space Available
      2100 Pleasant Grv Blvd, American Fork, UT 84003
      View Details
    • $15 SF/Yr
      5,322 SF

      American Fork Office Sublease

      Prime Utah County Office Space Available
      920 State St, American Fork, UT 84003
      View Details
    • $14 SF/Yr
      3,200 SF

      American Fork Flex Space For Lease

      3,200 SF Flex Space, Prime Location
      767 Auto Mall Dr, American Fork, UT 84003
      View Details
    • $9,500 /Mo
      2,100 SF

      Auto Retail in High Traffic

      Auto-related retail space with ample parking and loading dock.
      445 E State Rd, American Fork, UT 84003
      View Details
    • $1.45 SF/Yr
      4,118 SF

      Flex/Retail Space in American Fork

      Flex and retail space available near State Road and I-15.
      99 S 700 E, American Fork, UT 84003
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for rent near State Street in American Fork.
    Where is this office space located?
    The property is located at 131 S 700 E American Fork, UT.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Located right off State Street; - Close proximity to retail amenities; - Basement Office/Storage Room
    (801) 610-1300
    Request Owner's contact information
    131 S 700 E American Fork, UT 84003
    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.
    131 S 700 E
    American Fork, UT 84003
    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
    131 S 700 E American Fork, UT 84003
    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
    Dan Ford
    Dan Ford
    (801) 610-1300
    Learn more
    Google sign-in failed. Please try again or use another login method.