Springville Flex Space For
For Sale
Contact for pricing
141 W 900 N St, Springville, UT 84663
Flex space unit with office and warehouse areas available.
Property Size8,100 SF
Price / SF$225
Days on Market785
Property Features for 141 W 900 N St
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Industrial
Zoning
Industrial
Listing Agency:
Colliers Salt Lake City Downtown
(801) 901-0303
Listed By:
Dan Ford · License #UT 5503930-AB00
Source:
Crexi
Added: Jun 28, 2024
Changed: Aug 14
Last Checked: Aug 21 at 4:24AM
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 Salt Lake City Downtown
Investment Insights
Based on property information with market context.
A flex space unit is available for sale, featuring a total of 8,100 square feet. The unit includes 4,200 square feet of office space and 3,900 square feet of warehouse space. The warehouse area has an 18-foot clear height and is equipped with 12’x12’ overhead doors. The property benefits from Phase 3 power and exterior lighting on the building and parking lot. Truck and auto turnaround is available at the south portion of the property.
Key Highlights
- 8,100 SF Total with 4,200 SF of Office Space and 3,900 SF Warehouse
- Benefit from the 18’ Clear Height in the warehouse.
- Property includes Phase 3 Power.
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
$64,502
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
3.54%
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%
$1,290,040
$1.3M
Cap Rate 7%
$921,457
$921.5K
Cap Rate 9%
$716,689
$716.7K
Market Conditions
NOI Build-Up for 8,100 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
$97.2K $12.00/SF
− Vacancy
−$5.1K −$0.62/SF
EGI
$92.1K $11.38/SF
− OpEx
−$27.6K −$3.41/SF
NOI
$64.5K $7.96/SF
Area
Utah County, UT
Vacancy
5.20%
Lease Rate
$12.00 /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%
$1,290,040
Cap Rate 7%
$921,457
Cap Rate 9%
$716,689
Alternative Uses
Best Use
Industrial
$921.5K
$806.3K – $1.08M
NOI $64,502 @ 7.0% cap · market cap 3.54%
Second Best
Flex RnD
$784.7K
$686.6K – $915.5K
NOI $54,929 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,298 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 84663, UT
35,647
Population
11,025
Households
3.2
Avg Household Size
29
Median Age
39%
College-Educated
95%
High-School Grad
109.7 sq mi
ZIP Area
325
Density / Sq Mi
$88,919
Median Household Income
$39,439
Median Earnings
$1,475
Median Rent
$430,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space unit with office and warehouse areas available.
Where is this flex space located?
The property is located at 141 W 900 N St Springville, UT.
What is the asking price?
The asking price for this property is $1,822,500.
What are key features of this property?
This property features: 8,100 SF Total with 4,200 SF of Office Space and 3,900 SF Warehouse; Benefit from the **18’ Clear Height** in the warehouse.; Property includes Phase 3 Power.
