Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3397 1200 Lehi, UT 84043

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flexible Commercial Space for Lease – Up to 4,000 SF Available

    Property size:
    2,000 SF - 4,000 SF
    Added:
    Aug 31, 2025
    Days on Market:
    222
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 3397 1200

    General Information

    Standard status
    Active
    Property type
    Flex space, Retail properties & Spaces, Coworking space, Industrial properties
    Size
    2,000 SF - 4,000 SF
    Lease Type
    Gross Lease
    Rate Type
    Monthly

    We can help!

    Listing Contact
    Meredith Sabey

    Listing agent Meredith

    Listing office

    Listing date Aug 31, 2025

    Overview

    Flexible Commercial Space in Lehi

    This 5,500 square foot property offers up to 4,000 square feet available for lease, with flexible options to divide the space according to your needs. It features an open recreation area, a welcoming lobby, and clean, well-maintained restrooms. The space is ideal for fitness studios, creative workspaces, wellness centers, or professional services. The location offers convenient access. The property is suitable for businesses seeking a customizable space with room to grow. Whether you're looking for a large open area or segmented rooms, the layout preferences can be accommodated.
    Location Intelligence

    Current Use by Public Records

    Light Lounge Lehi Physician Blue Pebble Health Medical Clinic Dr. Lori Hooley Physician Troy Hardy Dental Office The Point Dental Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lehi
    County
    Utah
    State
    Utah
    Longitude
    -111.8305763
    Latitude
    40.4304955

    Nearby Similar for Lease

    • $1,400,000/mo

      Lehi Commercial Property For Rent

      Commercial property in Lehi, suitable for office or hospitality.
      59 N 500 W, Lehi, UT 84043
      View Details
    • $950,000/mo

      Retail Space with Drive-Thru Access

      High-visibility Lehi retail space with drive-thru, suitable for various uses.
      198 E STATE St, Lehi, UT 84043
      View Details
    • Contact for pricing

      Spaces Triumph Boulevard

      3300 Triumph Blvd, Lehi, UT 84043
      View Details
    • Sponsored
      Contact for pricing

      Traverse Ridge

      3450 Triumph Blvd, Unit 102, Lehi, UT 84043
      View Details
    • $29/mo

      Class A Office Space Available

      Modern office space in central Silicon Slopes location.
      3401 N Thanksgiving Way, Lehi, UT
      View Details
    • $22/mo

      Lehi Office Space For Lease

      Office space near FrontRunner station and I-15 in Lehi.
      2975 Executive Parkway, Lehi, UT, 84043
      View Details
    • $1.75/mo

      Lehi Office Space Available

      Office space with private offices, conference room, and parking.
      3340 N Center St, Lehi, UT 84043
      View Details
    • $33/mo

      Lehi Office Space Available

      Office space with amenities in Lehi, Utah for lease.
      1633 W Innovation Way, Lehi, UT
      View Details
    • Contact for pricing

      Lehi Commercial Space Available

      Industrial/Retail space for lease in Lehi, Utah.
      64 N 400 W, Lehi, UT 84043
      View Details
    • $0.22/mo

      Retail Space on Redwood Road

      New retail development with prime frontage available for rent.
      2100 North Redwood Road, Lehi, UT 84045
      View Details
    • $36/mo

      Medical Office Space Available

      Lehi medical office space for lease in high-traffic location.
      1014 S 1100 W, Lehi, UT
      View Details
    • $38/mo

      Retail Space in Lehi Center

      1,274 SF retail space for lease in Lehi, Utah.
      1870 W Traverse Pkwy, Lehi, UT
      View Details

    FAQs

    What type of property is this?
    Flex space - Flexible Commercial Space for Lease – Up to 4,000 SF Available
    Where is this flex space located?
    The property is located at 3397 1200 Lehi, UT.
    (801) 735-8790
    We can help!
    Listing Contact
    Meredith Sabey
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!