Commercial Storefront
New
For Sale
$925,000
65 W Main St, American Fork, UT 84003
Commercially zoned storefront parcel with a compact footprint on W Main St.
Property Size4,108 SF
Lot Size0.18 Acres
Price / SF$225.17
Days on Market3
Property Features for 65 W Main St
General Information
Standard status
Active
Size
4,108 SF
Lot size
0.18 Acres
Property subtype
Retail
Zoning
C
Additional Details
Traffic Count
23,808 vehicles/day
Listing Agency:
Salt Lake City - Millrock
(801) 947-8328
Listed By:
Brandon Fugal · License #5477023-SA00
(801) 947-8328
Source:
Colliers
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 30 at 3:56AM
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 Salt Lake City - Millrock
Investment Insights
Based on property information with market context.
This storefront property includes 4,108 square feet on a 0.18-acre parcel at 65 W Main St in American Fork, Utah. The site carries C – Commercial zoning and is positioned along W Main St. Reported traffic volume is 23,808 ADT, providing a clearly documented access and exposure characteristic for this commercial property.
Key Highlights
- 4,108 square feet of storefront space
- 0.18‑acre commercial parcel
- Zoned C – Commercial
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
$68,760
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
7.43%
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%
$1,375,200
$1.4M
Cap Rate 7%
$982,286
$982.3K
Cap Rate 9%
$764,000
$764.0K
Market Conditions
NOI Build-Up for 4,108 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
$102.5K $24.96/SF
− Vacancy
−$4.3K −$1.05/SF
EGI
$98.2K $23.91/SF
− OpEx
−$29.5K −$7.17/SF
NOI
$68.8K $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 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%
$1,375,200
Cap Rate 7%
$982,286
Cap Rate 9%
$764,000
Alternative Uses
Best Use
Retail
$982.3K
$859.5K – $1.15M
NOI $68,760 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$990.9K – $1.32M
NOI $79,268 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23,808 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84003, UT
52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sweet Pea Floral and Events — 185 W Main St, American Fork, UT 84003
- Flower Patch American Fork — 101 NW State St Suite 100, American Fork, UT 84003
Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned storefront parcel with a compact footprint on W Main St.
Where is this storefront property located?
The property is located at 65 W Main St American Fork, UT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 4,108 square feet of storefront space; 0.18‑acre commercial parcel; Zoned C – Commercial
