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

    111 E 300 S Spanish Fork, UT

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

    Office space for rent in renovated building with historical charm.

    Type:OFFICE
    Property size:
    3,019 SF
    Lot size:
    0.30 Acres
    Added:
    Mar 5, 2025
    Days on Market:
    421
    Last Refresh:
    Apr 5 at 11:08 pm

    Property Features for 111 E 300 S

    General Information

    Standard status
    Active
    Size
    3,019 SF
    Lot size
    0.30 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 111 E 300 S Contact us

    We can help!

    Listing Contact
    Roger Woolstenhulme

    Listing agent Roger Woolstenhulme

    Listing office Wyngate

    Listing date Mar 5, 2025

    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 Wyngate

    Overview

    Renovated Office Space for Rent

    This office space is prominently located along 300 South, offering close proximity to the Main Street shopping district. The building is currently undergoing renovations and features historical charm. The available space includes both the main and upper levels. The property provides excellent access and parking. The space totals 3019 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.653
    Latitude
    40.1062

    Nearby Similar for Lease

    • $1,900/Mo

      Spanish Fork Flex Space Available

      Flex space with office and warehouse, close to I-15.
      826 N 100 E, Spanish Fork, UT 84660
      View Details
    • $1,900/Mo

      Flex Space Near I-15

      1,900 SF flex space with warehouse and office components.
      175 E 800 N, Spanish Fork, UT 84660
      View Details
    • $32 SF/Yr

      Spanish Fork Office Space Available

      Office space available for lease in Spanish Fork, Utah.
      972 N 600 E , Spanish Fork, UT 84660
      View Details
    • $32 SF/Yr

      Office Space Available For Lease

      Office property available for lease.
      972 N 600 E , Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Industrial Space Near Spanish Fork Airport

      New industrial space available for pre-lease near Spanish Fork Airport.
      2453 N 700 W St, Spanish Fork, UT
      View Details
    • $1.00 SF/Yr

      Retail and Warehouse Space Available

      Retail and warehouse space with ample parking for lease.
      55 E 100 N, Spanish Fork, UT
      View Details
    • $1.35 SF/Yr

      Warehouse Space in Canyon Creek

      Newly completed and pre-lease warehouse spaces available.
      1950 Canyon Creek Pkwy, Spanish Fork, UT
      View Details
    • Contact for pricing

      New Construction Industrial/Flex Space

      New construction industrial/flex space available for rent.
      3544 N Main St, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Spanish Fork Warehouse Space Available

      129,683 SF warehouse with cross-dock and temperature control.
      3065 N 170 E, Spanish Fork, UT
      View Details
    • Contact for pricing

      Canyon Court Retail Space Available

      Retail units available for rent at Canyon Court.
      2727 E 4000 N Spanish Fork UT 84660, Spanish Fork, UT 84660
      View Details
    • $1.10 SF/Yr

      Warehouse Space Available for Lease

      Warehouse spaces available for lease with 2Q 2024 occupancy.
      258 W 3450 N, Spanish Fork, UT
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      Industrial space available for rent, single tenant, 2,825 SqFt.
      3584 1150 W, Spanish Fork, UT 84660
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent in renovated building with historical charm.
    Where is this office units located?
    The property is located at 111 E 300 S Spanish Fork, UT.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Excellent access and parking available.; Close to the Main Street shopping district.; Prominently located along 300 South.
    (801) 787-8388 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Roger Woolstenhulme
    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!