Industrial Facility with Flexible
For Sale
Contact for pricing
Pending
180 W 900 N St, Springville, UT 84663
Rare industrial facility featuring flexible suites on a 0.88-acre lot.
Property Size11,058 SF
Lot Size0.88 Acres
Days on Market197
Property Features for 180 W 900 N St
General Information
Standard status
Pending
Size
11,058 SF
Class
C
Lot size
0.88 Acres
Property subtype
Industrial
Zoning
Light Industrial Manufacturing
Lease Type
NNN
Building Details
Year Built
1987
Buildings
1
Stories
1
Units
1
Listing Agency:
Newmark Mountain West
(636) 219-5642
Listed By:
Jeffery Sorenson · License #UT 8569408-SA00
Source:
Crexi
Added: Feb 9
Changed: Aug 24
Last Checked: Aug 24 at 4:35AM
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 Newmark Mountain West
Investment Insights
Based on property information with market context.
This industrial facility offers an opportunity for an owner-user to occupy the entire building or for a multi-tenant investor to capitalize on three distinct suites. Situated on a 0.88-acre lot, the property features a paved and fenced yard, providing security and outdoor storage capacity. The building has been maintained with upgrades, including epoxied warehouse floors, a modernized break room, and climate-controlled workspaces. With clear heights up to 16 feet and heavy power (600a/480v), the site is suited for light manufacturing, distribution, or specialized trades. Suite A (5,830 SF) features a front-office/reception area, conference room, break room, and two private offices. The warehouse has premium epoxied floors and a bonus storage mezzanine with skylights. Suite B (1,600 SF) is an efficient workspace featuring a full-sun window-panel roll-up door for natural light. Suite C (2,906 SF) is specialized for production, including a dedicated, sealed paint/stain room, two offices, and an expansive 1,118 SF mezzanine. The property size is 11,058 SF.
Key Highlights
- Rare ±11,454 SF industrial facility suitable for owner‑user or multi‑tenant investment.
- Generous 0.88‑acre lot with fully paved and fenced yard for secure outdoor storage.
- Heavy power (600a/480v) and clear heights up to 16’ ideal for manufacturing, distribution, or specialized trades.
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
$106,926
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
4.42%
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%
$2,138,520
$2.1M
Cap Rate 7%
$1,527,514
$1.5M
Cap Rate 9%
$1,188,067
$1.2M
Market Conditions
NOI Build-Up for 11,058 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
$132.7K $12.00/SF
− Vacancy
−$6.9K −$0.62/SF
EGI
$125.8K $11.38/SF
− OpEx
−$18.9K −$1.71/SF
NOI
$106.9K $9.67/SF
Area
Utah County, UT
Vacancy
5.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,138,520
Cap Rate 7%
$1,527,514
Cap Rate 9%
$1,188,067
Alternative Uses
Best Use
Warehouse
$1.53M
$1.34M – $1.78M
NOI $106,926 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$1.26M
$1.10M – $1.47M
NOI $88,057 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,375 @ 7.0% cap · market cap 8.81%
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Rare industrial facility featuring flexible suites on a 0.88-acre lot.
Where is this manufacturing property located?
The property is located at 180 W 900 N St Springville, UT.
What is the asking price?
The asking price for this property is $2,421,000.
What are key features of this property?
This property features: Rare ±11,454 SF industrial facility suitable for owner‑user or multi‑tenant investment.; Generous 0.88‑acre lot with fully paved and fenced yard for secure outdoor storage.; Heavy power (600a/480v) and clear heights up to 16’ ideal for manufacturing, distribution, or specialized trades.
