Industrial Flex Units with
2052 W 500 N, Springville, UT 84663
For Sale
New
Contact for pricing
Each space combines office, mezzanine, and warehouse areas, with the option to take units separately or together.
Property Size10,213 SF
Price / SF$220.31
Days on Market5
Property Features for 2052 W 500 N
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Drive-In Doors
Power
Three-Phase Power
Additional Details
Asking Price
Property Use
Listing Agency:
Colliers - Pleasant Grove - Utah County, Utah
Listed By:
James Yeates · License UT 6964042-SA00
(801) 702-4687
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:49PM
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.
Two industrial flex units are offered for sale or lease, individually or as a combined space. Unit A contains 5,102 square feet, including 1,068 square feet of office, a 1,068-square-foot mezzanine, and 2,966 square feet of warehouse. Unit B totals 5,111 square feet, with 1,072 square feet of office, a 1,068-square-foot mezzanine, and 2,966 square feet of warehouse. Each unit has a 12-foot by 14-foot ground-level door, 22-foot clear height, and 200-amp, three-phase power.
The property is along 2000 West, with access to I-15 from the frontage road.
The property is along 2000 West, with access to I-15 from the frontage road.
Key Highlights
- Two units of 5,102 SF and 5,111 SF; may be combined or occupied separately
- Unit A: 1,068 SF office, 1,068 SF mezzanine, and 2,966 SF warehouse
- Unit B: 1,072 SF office, 1,068 SF mezzanine, and 2,966 SF warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,756
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,120
$2.0M
Cap Rate 7%
$1,410,800
$1.4M
Cap Rate 9%
$1,097,289
$1.1M
Market Conditions
NOI Build-Up for 10,213 SF
Gross rent
$122.6K $12.00/SF
− Vacancy
−$6.4K −$0.62/SF
EGI
$116.2K $11.38/SF
− OpEx
−$17.4K −$1.71/SF
NOI
$98.8K $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 Rate 5%
$1,975,120
Cap Rate 7%
$1,410,800
Cap Rate 9%
$1,097,289
Alternative Uses
Best Use
Warehouse
$1.41M
$1.23M – $1.65M
NOI $98,756 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$1.16M
$1.02M – $1.36M
NOI $81,328 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$2.82M
$2.46M – $3.28M
NOI $197,070 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
154
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
$430,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Utah County, UT
Properties on Market for Flex space in Utah County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Each space combines office, mezzanine, and warehouse areas, with the option to take units separately or together.
Where is this flex space located?
The property is located at 2052 W 500 N Springville, UT.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two units of 5,102 SF and 5,111 SF; may be combined or occupied separately; Unit A: 1,068 SF office, 1,068 SF mezzanine, and 2,966 SF warehouse; Unit B: 1,072 SF office, 1,068 SF mezzanine, and 2,966 SF warehouse
