Springville Retail Property For
For Sale
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665 E 400 S, Springville, UT
Retail property built in 2008, located in Springville, Utah.
Property Size5,141 SF
Lot Size1.07 Acres
Price / SF$282.05
Days on Market884
Property Features for 665 E 400 S
General Information
Standard status
Active
Size
5,141 SF
Lot size
1.07 Acres
Property subtype
RETAIL
Listing Agency:
Colliers | Utah County
(801) 610-1300
Listed By:
Bryant Parker · License #13058456-SA00
(385) 265-4903
Source:
Moodyscre
Added: Apr 18, 2024
Changed: Sep 8
Last Checked: Sep 18 at 8:51AM
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 Colliers | Utah County
Investment Insights
Based on property information with market context.
This retail property, constructed in 2008, is located in Springville, Utah. The property is zoned as Springville Neighborhood Commercial. The building contains 5141 square feet. Springville is part of the Provo-Orem metropolitan area, which features a diverse economy and a relatively low unemployment rate. The area is experiencing rapid demographic growth in Utah County.
Key Highlights
- Springville Neighborhood Commercial Zoning
- Built in 2008
- Rapid demographic growth in UT county
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,051
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,721,020
$1.7M
Cap Rate 7%
$1,229,300
$1.2M
Cap Rate 9%
$956,122
$956.1K
Market Conditions
NOI Build-Up for 5,141 SF
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.
Gross rent
$128.3K $24.96/SF
− Vacancy
−$5.4K −$1.05/SF
EGI
$122.9K $23.91/SF
− OpEx
−$36.9K −$7.17/SF
NOI
$86.1K $16.74/SF
Area
Utah County, UT
Vacancy
4.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,721,020
Cap Rate 7%
$1,229,300
Cap Rate 9%
$956,122
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.43M
NOI $86,051 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,201 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
158k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 29%
Shops & Services 26%
Electronics 2%
Smith's
Groceries
66,403 visits/mo
0.3 miles
McDonald's
Dining
24,581 visits/mo
0.2 miles
Smith's Fuel Center
Shops & Services
18,189 visits/mo
0.4 miles
Quick Quack Car Wash
Shops & Services
11,230 visits/mo
0.2 miles
Mountain America Credit Union
Shops & Services
6,342 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property built in 2008, located in Springville, Utah.
Where is this retail space located?
The property is located at 665 E 400 S Springville, UT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Springville Neighborhood Commercial Zoning; Built in 2008; Rapid demographic growth in UT county
