Flex Space with Roll-Up
For Sale
Contact for pricing
3546 1150 W, Spanish Fork, UT 84660
I-1-zoned space includes a private office, restroom, and open industrial floor plan.
Property Size1,407 SF
Price / SF$240
Days on Market119
Property Features for 3546 1150 W
General Information
Standard status
Active
Size
1,407 SF
Total Parking Spaces
3
Property subtype
Industrial
Zoning
I-1
Building Details
Year Built
2025
Units
2
Tenancy
Single
Listing Agency:
Southern Utah Luxury, Inc
Listed By:
Natasha Isom · License #11328605-pb
Source:
Crexi
Added: May 4
Changed: Aug 29
Last Checked: Aug 29 at 8:01PM
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 Southern Utah Luxury, Inc
Investment Insights
Based on property information with market context.
This 2025 flex space combines an open industrial layout with a private office and restroom. Units 3 and 4 are identified as a combined offering, with listed areas of 1,407 square feet and 1,418 square feet, respectively. The property includes soaring ceilings and a ground-level 14-foot by 14-foot roll-up garage door, supporting access for commercial operations.
The site is located at 3546 1150 W in Spanish Fork, Utah. I-1 zoning is identified for the property, and three total parking stalls are included. The configuration provides a straightforward mix of open workspace and dedicated support areas within a newer industrial building.
The site is located at 3546 1150 W in Spanish Fork, Utah. I-1 zoning is identified for the property, and three total parking stalls are included. The configuration provides a straightforward mix of open workspace and dedicated support areas within a newer industrial building.
Key Highlights
- 2025 construction with I‑1 zoning
- Units 3 and 4 listed at 1,407 and 1,418 square feet
- Ground‑level 14’x14’ roll‑up garage door
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
$13,605
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
4.03%
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%
$272,100
$272.1K
Cap Rate 7%
$194,357
$194.4K
Cap Rate 9%
$151,167
$151.2K
Market Conditions
NOI Build-Up for 1,407 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
$16.9K $12.00/SF
− Vacancy
−$878 −$0.62/SF
EGI
$16.0K $11.38/SF
− OpEx
−$2.4K −$1.71/SF
NOI
$13.6K $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%
$272,100
Cap Rate 7%
$194,357
Cap Rate 9%
$151,167
Alternative Uses
Best Use
Warehouse
$194.4K
$170.1K – $226.8K
NOI $13,605 @ 7.0% cap · market cap 4.03%
Second Best
Industrial
$160.1K
$140.1K – $186.7K
NOI $11,204 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$387.8K
$339.4K – $452.5K
NOI $27,149 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84660, UT
45,959
Population
13,162
Households
3.5
Avg Household Size
28
Median Age
38%
College-Educated
94%
High-School Grad
362.2 sq mi
ZIP Area
127
Density / Sq Mi
$98,398
Median Household Income
$40,509
Median Earnings
$1,393
Median Rent
$452,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned space includes a private office, restroom, and open industrial floor plan.
Where is this flex space located?
The property is located at 3546 1150 W Spanish Fork, UT.
What is the asking price?
The asking price for this property is $337,680.
What are key features of this property?
This property features: 2025 construction with I‑1 zoning; Units 3 and 4 listed at 1,407 and 1,418 square feet; Ground‑level 14’x14’ roll‑up garage door
