Mixed-Use Property with Dual
For Sale
$649,000
645 E 800 N, Spanish Fork, UT 84660
Commercial Sale, Spanish Fork, UT
Property Size2,100 SF
Lot Size0.62 Acres
Price / SF$309.05
Days on Market98
Property Features for 645 E 800 N
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Single-Family, Commercial
Window features
Drapes, Blinds
Interior features
Floor Drains, Dishwasher, Range/Oven
Subdivision
Sp Fork; Mapleton; Benjamin
Standard status
Active
APN
07-128-0019
Lot size
0.62 Acres
Taxes and HOA fees
Tax Annual Amount
652
Utilities
Cooling system
Central Air
Building Details
Year built
1985
Buildings
4
Listing Agency:
Berkshire Hathaway HomeServices Elite Real Estate
(801) 224-9011
Listed By:
Shauna Briggs
(801) 850-3148
Added: Jul 23
Changed: Oct 24
Last Checked: Oct 28 at 9:06AM
MLS# 2173872
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Investment Insights
Based on property information with market context.
This mixed-use property combines a 1985-built home with zoning that permits both single-family residential and commercial use. The residence includes 5 bedrooms, a den, 2 bathrooms, central air, a dishwasher, range/oven, and floor drains. The parcel also includes two sheds, a large outbuilding, and a mature yard with apple, pear, peach, and apricot trees.
Access is available from two different roads, and the property is located near the Spanish Fork Costco and other local businesses. The existing layout and zoning support several potential commercial applications identified for the site, including a doctor’s office, dentist’s office, esthetician, boutique, or floral shop. The address is 645 E 800 N, Spanish Fork, UT 84660.
Access is available from two different roads, and the property is located near the Spanish Fork Costco and other local businesses. The existing layout and zoning support several potential commercial applications identified for the site, including a doctor’s office, dentist’s office, esthetician, boutique, or floral shop. The address is 645 E 800 N, Spanish Fork, UT 84660.
Key Highlights
- Zoned Single‑Family, Commercial
- 0.62‑acre L‑shaped lot with access from two different roads
- 1985‑built home with 5 bedrooms, a den, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,150
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,000
$703.0K
Cap Rate 7%
$502,143
$502.1K
Cap Rate 9%
$390,556
$390.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$52.4K $24.96/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$50.2K $23.91/SF
− OpEx
−$15.1K −$7.17/SF
NOI
$35.2K $16.74/SF
Area
Utah County, UT
Vacancy
4.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,000
Cap Rate 7%
$502,143
Cap Rate 9%
$390,556
Alternative Uses
Best Use
Retail
$502.1K
$439.4K – $585.8K
NOI $35,150 @ 7.0% cap · market cap 5.42%
Second Best
Mixed Use
$263.3K
$230.4K – $307.1K
NOI $18,428 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$578.9K
$506.5K – $675.4K
NOI $40,522 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial zoning supports a home-based business or other professional use.
Where is this mixed-use property located?
The property is located at 645 E 800 N Spanish Fork, UT.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Zoned Single‑Family, Commercial; 0.62‑acre L‑shaped lot with access from two different roads; 1985‑built home with 5 bedrooms, a den, and 2 bathrooms
