Automotive Shop with Paint
For Sale
Contact for pricing
70 South 300 East, American Fork, UT 84003
C2-zoned automotive facility with multiple service bays, drive-in access, dedicated parking, and an operational paint booth.
Property Size4,690 SF
Price / SF$319.83
Days on Market117
Property Features for 70 South 300 East
General Information
Standard status
Active
Size
4,690 SF
Total Parking Spaces
25
Property subtype
Retail
Zoning
C2
Building Details
Year Built
1974
Year Renovated
2020
Units
6
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors
Listed By:
Truett Chamberlain · License #UT 6494753-SA00
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Aug 30 at 9:05PM
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 Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors
Investment Insights
Based on property information with market context.
This C2-zoned automotive property includes a 4,440-square-foot main building, a detached 250-square-foot storage shed, and a cement parking area accommodating approximately 33 vehicles. The layout provides six mechanic bays and seven bay doors, supporting vehicle service, collision work, and related automotive operations. One available bay contains a fully certified paint booth. Four bays are occupied by two tenants, while two bays are vacant; the existing leases have roughly 2.5 years remaining.
The property occupies a .33-acre lot at 70 South 300 East in American Fork, Utah. Its configuration combines drive-in service access, specialized automotive improvements, and on-site parking. Built in 1974, the facility may accommodate an owner-user or continued multi-tenant automotive operation, subject to applicable approvals and lease considerations.
The property occupies a .33-acre lot at 70 South 300 East in American Fork, Utah. Its configuration combines drive-in service access, specialized automotive improvements, and on-site parking. Built in 1974, the facility may accommodate an owner-user or continued multi-tenant automotive operation, subject to applicable approvals and lease considerations.
Key Highlights
- 4,440‑square‑foot main building with detached 250‑square‑foot storage shed
- Six mechanic bays with seven bay doors
- Fully certified paint booth in one available bay
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
$78,502
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
5.23%
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%
$1,570,040
$1.6M
Cap Rate 7%
$1,121,457
$1.1M
Cap Rate 9%
$872,244
$872.2K
Market Conditions
NOI Build-Up for 4,690 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
$117.1K $24.96/SF
− Vacancy
−$4.9K −$1.05/SF
EGI
$112.1K $23.91/SF
− OpEx
−$33.6K −$7.17/SF
NOI
$78.5K $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%
$1,570,040
Cap Rate 7%
$1,121,457
Cap Rate 9%
$872,244
Alternative Uses
Best Use
Retail
$1.12M
$981.3K – $1.31M
NOI $78,502 @ 7.0% cap · market cap 5.23%
Second Best
Industrial
$533.5K
$466.8K – $622.5K
NOI $37,347 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,498 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
95
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ChangeIT — 9808 N 6000 W, Highland, UT 84003
Frequently Asked Questions
What type of property is this?
Auto shop - C2-zoned automotive facility with multiple service bays, drive-in access, dedicated parking, and an operational paint booth.
Where is this auto shop located?
The property is located at 70 South 300 East American Fork, UT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,440‑square‑foot main building with detached 250‑square‑foot storage shed; Six mechanic bays with seven bay doors; Fully certified paint booth in one available bay
