665 E 400 S, Springville, UT
Retail property built in 2008, located in Springville, Utah.
- Added:
- Apr 18, 2024
- Days on Market:
- 794
- Last Refresh:
- May 19 at 9:08 pm
Property Features for 665 E 400 S
General Information
- Standard status
- Active
- Size
- 5,141 SF
- Lot size
- 1.07 Acres
- Property subtype
- RETAIL
Listing agent Alexis Osmond License #12009360-SA00 (801) 722-9999
Listing office Colliers | Utah County (801) 722-9999
Listing date Apr 18, 2024
Source Moodyscre
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 | Utah County
HighLights
- Springville Neighborhood Commercial Zoning
- Built in 2008
- Rapid demographic growth in UT county
- Located in Springville, UT
- Part of the Provo‑Orem metropolitan area
- Diverse economy and relatively low unemployment rate
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.3k | $24.96 |
| − Vacancy | −$5.4k | −$1.05 |
| EGI | $122.9k | $23.91 |
| − OpEx | −$36.9k | −$7.17 |
| NOI | $86.1k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springville
- County
- Utah
- State
- Utah
- Longitude
- -111.624
- Latitude
- 40.1607
