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 Market930
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) 610-1300
Listed By:
Bryant Parker · License #UT 13058456-SA00
(385) 265-4903
Source:
Moodyscre
Added: Apr 18, 2024
Changed: Oct 25
Last Checked: Nov 3 at 8:23AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$86,051
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,721,020
$1.7M
Cap Rate 7%
$1,229,300
$1.2M
Cap Rate 9%
$956,122
$956.1K
Market Conditions
NOI Build-Up for 5,141 SF
Gross rent
$128.3K $24.96/SF
− Vacancy
−$5.4K −$1.05/SF
EGI
$122.9K $23.91/SF
− OpEx
−$36.9K −$7.17/SF
NOI
$86.1K $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%
$1,721,020
Cap Rate 7%
$1,229,300
Cap Rate 9%
$956,122
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
158k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 29%
Shops & Services 26%
Electronics 2%
Smith's
Groceries
66,403 visits/mo
0.3 miles
McDonald's
Dining
24,581 visits/mo
0.2 miles
Smith's Fuel Center
Shops & Services
18,189 visits/mo
0.4 miles
Quick Quack Car Wash
Shops & Services
11,230 visits/mo
0.2 miles
Mountain America Credit Union
Shops & Services
6,342 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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
