Flex Suite with Two-Story
1548 West American Way, Payson, UT 84651
For Sale
Contact for pricing
Industrial/flex space pairs finished offices with a warehouse area, loading access, and three-phase electrical service.
Property Size6,240 SF
Price / SF$224.20
Days on Market99
Property Features for 1548 West American Way
General Information
Standard status
Size
Property subtype
Lease Type
Site & Location
Highway Access
Utilities to Site
Additional Details
Asking Price
Amenities
shared truck-high loading dock
Building Details
Buildings
Tenancy
Abandoned
Listing Agency:
Colliers - Pleasant Grove - Utah County, Utah
Listed By:
JD Brisk · License UT 10407559-SA00
(801) 666-5776
Source:
Crexi
Added: Aug 4
Changed: Nov 10
Last Checked: Nov 10 at 7:39AM
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 - Pleasant Grove - Utah County, Utah
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Investment Insights
Based on property information with market context.
Suite D is a 6,240-square-foot flex property combining warehouse and office functions within one commercial unit. The 4,564-square-foot warehouse includes modern finishes, 400-amp three-phase power, a 16' x 14' overhead door, an adjacent man door, and access to a shared truck-high loading dock.
The two-story office component measures 1,576 square feet and includes a reception lobby, showroom or office area, four private offices, a breakroom, and three restrooms. Ample parking and access to I-15 support day-to-day operations. The property is located at 1548 West American Way in Payson, Utah.
The two-story office component measures 1,576 square feet and includes a reception lobby, showroom or office area, four private offices, a breakroom, and three restrooms. Ample parking and access to I-15 support day-to-day operations. The property is located at 1548 West American Way in Payson, Utah.
Key Highlights
- 6,240‑square‑foot flex suite with 4,564 square feet of warehouse space
- 1,576 square feet of two‑story office space with four private offices
- 400‑amp three‑phase power serving the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,610
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,200
$1.8M
Cap Rate 7%
$1,251,571
$1.3M
Cap Rate 9%
$973,444
$973.4K
Market Conditions
NOI Build-Up for 6,240 SF
Gross rent
$149.8K $24.00/SF
− Vacancy
−$32.9K −$5.28/SF
EGI
$116.8K $18.72/SF
− OpEx
−$29.2K −$4.68/SF
NOI
$87.6K $14.04/SF
Area
Utah County, UT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,752,200
Cap Rate 7%
$1,251,571
Cap Rate 9%
$973,444
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,610 @ 7.0% cap · market cap 6.26%
Second Best
Warehouse
$862.0K
$754.2K – $1.01M
NOI $60,338 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,407 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84651, UT
28,416
Population
8,956
Households
3.2
Avg Household Size
29
Median Age
29%
College-Educated
94%
High-School Grad
126.7 sq mi
ZIP Area
224
Density / Sq Mi
$94,152
Median Household Income
$37,170
Median Earnings
$1,398
Median Rent
$423,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Utah County, UT
Properties on Market for Flex space in Utah County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial/flex space pairs finished offices with a warehouse area, loading access, and three-phase electrical service.
Where is this flex space located?
The property is located at 1548 West American Way Payson, UT.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 6,240‑square‑foot flex suite with 4,564 square feet of warehouse space; 1,576 square feet of two‑story office space with four private offices; 400‑amp three‑phase power serving the warehouse
