Small-Bay Flex Industrial
198 - 258 E 3450 N Spanish Fork, UT 84660
198 - 258 E 3450 N, Spanish Fork, UT, 84660
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For Sale
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New construction small-bay, multi-tenant light industrial/flex asset for sale in Spanish Fork.
Property Size69,212 SF
Price / SF$259
Days on Market91
Property Features for 198 - 258 E 3450 N
General Information
- Standard status
- Active
- Size
- 69,212 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2024
Listing agency
NAI Excel
(435) 628-1609
Listed by
John Blatter · License #10192513-SA00
Source
Crexi
Added: Apr 22 Updated: Jul 21 at 2:42AM Checked: Jul 21 at 6:36AM
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 NAI Excel
Investment Insights
Based on property information with market context.
This newly constructed small-bay, multi-tenant light industrial and flex property is offered for sale. The asset is designed to provide functional, efficient space within a warehouse/flex format.
The property is located at 198–258 E 3450 N in Spanish Fork, UT 84660. It totals 69,212 square feet across the multi-tenant arrangement.
If you are evaluating flex/industrial space for small to mid-size operations, this configuration may fit a range of light industrial and flexible use needs within a supply-constrained market.
The property is located at 198–258 E 3450 N in Spanish Fork, UT 84660. It totals 69,212 square feet across the multi-tenant arrangement.
If you are evaluating flex/industrial space for small to mid-size operations, this configuration may fit a range of light industrial and flexible use needs within a supply-constrained market.
Key Highlights
- Built in 2024, new construction small‑bay, multi‑tenant light industrial/flex asset in Spanish Fork
- Small‑bay layout designed for multiple tenants within a light industrial/flex building
- Located at 198–258 W 3450 N, Spanish Fork
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $830.5k | $12.00 |
| − Vacancy | −$43.2k | −$0.62 |
| EGI | $787.4k | $11.38 |
| − OpEx | −$118.1k | −$1.71 |
| NOI | $669.3k | $9.67 |
69,212 SF · lease $12.00/SF/yr · vacancy 5.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$9.56M
$8.37M – $11.15M
NOI $669,252 @ 7.0% cap · market cap 3.72%
Second Best
Industrial
$7.87M
$6.89M – $9.19M
NOI $551,149 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$19.08M
$16.69M – $22.26M
NOI $1,335,515 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - New construction small-bay, multi-tenant light industrial/flex asset for sale in Spanish Fork.
Where is this flex space located?
The property is located at 198 - 258 E 3450 N Spanish Fork, UT.
What is the asking price?
The asking price for this property is $17,995,000.
What are key features of this property?
This property features: Built in 2024, new construction small‑bay, multi‑tenant light industrial/flex asset in Spanish Fork; Small‑bay layout designed for multiple tenants within a light industrial/flex building; Located at 198–258 W 3450 N, Spanish Fork
