Industrial Flex Building with
For Sale
Contact for pricing
180 W 900 N, Springville, UT 84663
Warehouse and flex suites feature private fenced yard, three 10' x 12' GL doors, and a mezzanine with skylight.
Property Size11,058 SF
Price / SF$235.03
Days on Market186
Property Features for 180 W 900 N
General Information
Standard status
Active
Size
11,058 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
3
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Listing Agency:
Mountain West - Corporate
(801) 578-5588
Listed By:
Dodge Andersen
(801) 428-7286
Source:
Moodyscre
Added: Feb 6
Changed: Jul 28
Last Checked: Aug 11 at 2:23PM
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 Mountain West - Corporate
Investment Insights
Based on property information with market context.
This industrial flex building offers multiple configurations totaling 11,058 square feet, including Suite A (5,604 SF), Suite B (1,545 SF), and Suite C (3,909 SF). The property includes a private, fenced yard floor and three ground-level loading doors sized 10' x 12'. Interior improvements include a fully epoxied warehouse, upgraded roll-up doors, office and break-room finishes, and swamp coolers.
The space is served by 3-phase power (480v) and offers a clear height range of 13' to 16'. Additional features include a sealed paint room and a mezzanine with skylight, supported by several recent upgrades. The property is available now and is well-suited to an owner-user or multi-tenant arrangement.
An on-site configuration with warehouse clearances, loading, and auxiliary areas like the sealed paint room and mezzanine supports a range of light industrial and warehouse-style operations within the provided suite structure.
The space is served by 3-phase power (480v) and offers a clear height range of 13' to 16'. Additional features include a sealed paint room and a mezzanine with skylight, supported by several recent upgrades. The property is available now and is well-suited to an owner-user or multi-tenant arrangement.
An on-site configuration with warehouse clearances, loading, and auxiliary areas like the sealed paint room and mezzanine supports a range of light industrial and warehouse-style operations within the provided suite structure.
Key Highlights
- 11,058 total SF warehouse/flex space with multiple configurations: 5,604 SF (Suite A), 1,545 SF (Suite B), and 3,909 SF (Suite C)
- Private, fenced yard floor included with the warehouse/flex space
- Three (3) GL doors, each 10' x 12'
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
4.11%
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 4.11%
Second Best
Industrial
$1.26M
$1.10M – $1.47M
NOI $88,057 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,375 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Utah Celebrations Catering — 1086 N 450 W, Springville, UT 84663
- Utah Celebrations Catering — 1086 N 450 W STE 120, Springville, UT 84663
- Forge Pizzeria Food Truck — 1133 N 450 W, Springville, UT 84663
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and flex suites feature private fenced yard, three 10' x 12' GL doors, and a mezzanine with skylight.
Where is this flex space located?
The property is located at 180 W 900 N Springville, UT.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: 11,058 total SF warehouse/flex space with multiple configurations: 5,604 SF (Suite A), 1,545 SF (Suite B), and 3,909 SF (Suite C); Private, fenced yard floor included with the warehouse/flex space; Three (3) GL doors, each 10' x 12'
