Triplex With Mountain
New
For Sale
$800,000
715 E 550 S, American Fork, UT 84003
Three-unit property with updated finishes, multiple garage spaces, and convenient access to retail, dining, and recreation.
Property Size3 SF
Price / SF$228.57
Days on Market6
Property Features for 715 E 550 S
General Information
Standard status
Active
Size
3 SF
Total Parking Spaces
8
Property subtype
Triplex
Additional Details
Multifamily Units
3
Building Details
Building Size
3 SF
Year Built
2017
Buildings
1
Listing Agency:
Capital Advisors Real Estate
(801) 362-3392
Listed By:
Stephen R Olson
(801) 362-3392
Source:
Liftrealty
Added: Aug 10
Changed: Aug 14
Last Checked: Aug 14 at 7:06AM
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 Capital Advisors Real Estate
Investment Insights
Based on property information with market context.
Built in 2017, this triplex contains three residential units with durable LVT flooring, black appliances, and window blinds throughout. The property also includes two garage spaces, six additional parking spaces, and another attached garage that is not currently rented. A ground-floor garage is included as part of the property.
Residents have access to mountain views and a nearby 7-acre park featuring a playground, swings, and a zip line. Costco, Target, Walmart, Home Depot, restaurants, and other everyday amenities are also located nearby. The property is situated at 715 E 550 S in American Fork, Utah.
Residents have access to mountain views and a nearby 7-acre park featuring a playground, swings, and a zip line. Costco, Target, Walmart, Home Depot, restaurants, and other everyday amenities are also located nearby. The property is situated at 715 E 550 S in American Fork, Utah.
Key Highlights
- Three‑unit triplex built in 2017
- Durable LVT flooring, black appliances, and window blinds throughout
- Two garage spaces plus six additional parking spaces
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
$32,289
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
4.04%
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%
$645,780
$645.8K
Cap Rate 7%
$461,271
$461.3K
Cap Rate 9%
$358,767
$358.8K
Market Conditions
NOI Build-Up for 3,500 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
$48.3K $13.80/SF
− Vacancy
−$2.2K −$0.62/SF
EGI
$46.1K $13.18/SF
− OpEx
−$13.8K −$3.95/SF
NOI
$32.3K $9.23/SF
Area
Utah County, UT
Vacancy
4.50%
Lease Rate
$13.80 /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%
$645,780
Cap Rate 7%
$461,271
Cap Rate 9%
$358,767
Alternative Uses
Best Use
Multifamily LT 5
$461.3K
$403.6K – $538.2K
NOI $32,289 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$964.8K
$844.2K – $1.13M
NOI $67,536 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated finishes, multiple garage spaces, and convenient access to retail, dining, and recreation.
Where is this triplex located?
The property is located at 715 E 550 S American Fork, UT.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three‑unit triplex built in 2017; Durable LVT flooring, black appliances, and window blinds throughout; Two garage spaces plus six additional parking spaces
