Springville Retail Property For
For Sale
Contact for pricing
665 E 400 S, Springville, UT
Retail property built in 2008, located in Springville, Utah.
Property Size5,141 SF
Lot Size1.07 Acres
Price / SF$282.05
Days on Market839
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 Agency:
Colliers | Utah County
(801) 722-9999
Listed By:
Alexis Osmond · License #13058456-SA00
(801) 722-9999
Source:
Moodyscre
Added: Apr 18, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:14AM
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
Investment Insights
Based on property information with market context.
This retail property, constructed in 2008, is located in Springville, Utah. The property is zoned as Springville Neighborhood Commercial. The building contains 5141 square feet. Springville is part of the Provo-Orem metropolitan area, which features a diverse economy and a relatively low unemployment rate. The area is experiencing rapid demographic growth in Utah County.
Key Highlights
- Springville Neighborhood Commercial Zoning
- Built in 2008
- Rapid demographic growth in UT county
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 |
5,141 SF · lease $24.96/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.43M
NOI $86,051 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,201 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property built in 2008, located in Springville, Utah.
Where is this retail space located?
The property is located at 665 E 400 S Springville, UT.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Springville Neighborhood Commercial Zoning; Built in 2008; Rapid demographic growth in UT county
