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    261 Vineyard Rd Vineyard, UT 84058

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    For Lease
    Contact for pricing

    Modern Utah County flex space, ideal for R&D.

    Lot size:
    15,650 SF

    Property Features for 261 Vineyard Rd

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,650 SF
    Total Rate
    15650

    Building Details

    Year Built
    2021

    Spaces For Lease

    at 261 Vineyard Rd, Vineyard, UT 84058 Contact us
    Unit Suite 201& 202

    $12 /Mo

    Size
    2,954 SF
    Contact us
    Unit

    $12 /Mo

    Size
    3,049 SF
    Contact us

    We can help!

    Listing Contact
    Eric Larsen
    Eric Larsen

    Listing Agent: Eric Larsen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 15,650-square-foot industrial property, built in 2021, is located at 261 S Vineyard Rd, Vineyard, UT 84058, in the Vineyard submarket of Utah County. The property offers multiple tenancy options, with a minimum divisible space of 2,954 square feet and a maximum contiguous space of 3,889 square feet. Currently, 6,843 square feet of space is vacant and available for lease. The building features one drive-in door and is equipped with 200 Amp 3-phase power, making it suitable for a variety of businesses. The property's flexible design caters to both office and warehouse needs, making it an excellent choice for research and development companies or businesses requiring a blend of office and warehouse space. Its central Utah County location provides easy access to major transportation routes and amenities. This modern facility presents a unique opportunity for businesses seeking high-quality, adaptable space in a thriving area. The property's specifications make it an attractive option for companies seeking efficient and well-equipped workspace. Contact us today to learn more about this exceptional opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vineyard
    County
    Utah
    State
    Utah
    Longitude
    -111.73584372
    Latitude
    40.29251768

    Nearby Similar for Lease

    • Contact for pricing
      1,810 SF

      Retail Space Near UVU Expansion

      Retail space anchored by Megaplex Theater and Top Golf.
      554 N Mill Rd, Vineyard, UT
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    • Contact for pricing
      2,852 SF

      Vineyard Office Space Available

      Office space available for lease in Vineyard, Utah.
      1075 S 1675 W, Vineyard, UT
      View Details
    • $38 SF/Yr
      90,000 SF

      Vineyard Retail Center - For Lease

      Prime Vineyard retail space available. Multiple units, flexible sizes.
      600 Mill Rd, Vineyard, UT 84058
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    • Contact for pricing
      2,400 SF

      Upper Level Office Space Available

      Office space with convenient I-15 access in Orem.
      472 E 1750 N, Vineyard, UT 84057
      View Details

    FAQs

    What type of property is this?
    Life science property - Modern Utah County flex space, ideal for R&D.
    Where is this life science property located?
    The property is located at 261 Vineyard Rd Vineyard, UT.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 15,650 SF industrial building, built in 2021, located at 261 S Vineyard Rd, Vineyard, UT 84058.; Multiple tenant options available, with spaces ranging from 2,954 SF to 3,889 SF. 6,843 SF currently vacant.; Features one drive-in door and 200 Amp 3-phase power.
    (801) 380-2264 Call to check price and availability
    Request Owner's contact information
    261 Vineyard Rd Vineyard, UT 84058
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    Vineyard, UT 84058
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    261 Vineyard Rd Vineyard, UT 84058
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eric Larsen
    Eric Larsen
    Real Estate License ID: 5722129-SA00
    (801) 380-2264
    Learn more
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