Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1548 W American Way, Unit G Payson, UT 84651

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Payson, UT

    Lot size:
    0.12 Acres
    Days on Market:
    30
    Last Refresh:
    Jan 21 at 9:06 pm

    Property Features for 1548 W American Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    34-775-0007
    Lot size
    0.12 Acres

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Daniel Richey

    Equity Utah Real Estate (800) 785-9995 [email protected]

    Listing agent Daniel Richey (801) 610-9394

    Listing date Dec 23, 2025

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Industrial Flex Space

    This commercial property offers a brand new industrial flex space with office and warehouse areas available for lease, allowing for fast move-in. The property features 1,788 square feet of office space and 4,502 square feet of warehouse space, totaling 6,290 square feet. The layout includes a reception area, four offices (two upstairs and two downstairs), three bathrooms, and a kitchen and break room. The property provides easy freeway access and open accessibility to the warehouse, complemented by ample parking. The NNN lease structure covers exterior building insurance, property taxes, snow removal, landscaping, trash removal, and common area maintenance. The property is located in Payson, Utah, and is zoned for commercial use. The lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aspen Tumbling Gymnastics Club

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Utah
    State
    Utah
    Longitude
    -111.76006
    Latitude
    40.035393

    Nearby Similar for Lease

    • Contact for pricing
      4,356 SF

      Payson Commercial Flex Space Available

      1500 sq ft flex space in prime location.
      174 E American Way S, Payson, UT 84651
      View Details
    • Contact for pricing
      3,049 SF

      Payson Office Space For Rent

      Prime office space in Payson, just off I-15.
      757 S 1040 W, Payson, UT 84651
      View Details
    • Contact for pricing
      49,684 SF

      American Way Industrial Space

      Class A Flex Space, 5,396 - 43,495 SF
      1548 American Way, Payson, UT 84651
      View Details
    • Contact for pricing
      1,500 SF

      Payson Retail Pad - 1500 SF

      High-traffic Payson, UT retail space available.
      911 Turf Farm Rd, Payson, UT 84651
      View Details
    • Contact for pricing
      920,964 SF

      Central Utah Logistics Hub

      Class A warehouse space, Payson, UT
      1500 American Way 500, Payson, UT 84651
      View Details
    • $0.85 SF/Yr
      330,134 SF

      New Industrial Space Available Soon

      330,134 SF industrial space available April 2025 in Payson.
      1851 W 200 S, Payson, UT 84651
      View Details
    • $36 SF/Yr
      1,511 SF

      Retail Space with High Traffic

      Retail space with high-traffic co-tenancy and a long-term lease.
      791 S 930 W, Payson, UT 84651
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Walmart

      Up to 5,000 SF retail space near Walmart Supercenter.
      837 Turf Farm Rd, Payson, UT 84651
      View Details
    • $1.00 SF/Yr
      3,385 SF

      Payson Warehouse with Office Space

      3,385 SF warehouse with office and yard space available.
      1693 W American Way, Payson, UT 84651
      View Details
    • $30 SF/Yr
      1,740 SF

      Retail Space Near Technical College

      Retail space near new technical college campus in Payson.
      1818 W 800 S, Payson, UT 84651
      View Details
    • $30 SF/Yr
      1,982 SF

      Retail Space Near Technical College

      Retail space near new technical college and mixed-use development.
      1736 W 800 S, Payson, UT 84651
      View Details
    • $18 SF/Yr
      6,673 SF

      Medical Office Space with Pool

      Basement therapy office with pool, direct hospital connection, ample parking.
      S 1000 E 15, Payson, UT 84651
      View Details

    FAQs

    What type of property is this?
    Flex space - New flex space with office and warehouse, easy freeway access.
    Where is this flex space located?
    The property is located at 1548 W American Way, Unit G Payson, UT.
    What are key features of this property?
    This property features: - Brand new industrial flex space with fast move-in availability.; - Total of 6,290 SF including **1,788 SF of office space** and **4,502 SF of warehouse space**.; - Includes reception area, 4 offices, 3 bathrooms, & kitchen & break room.
    (800) 785-9995
    Request Owner's contact information
    1548 W American Way, Unit G Payson, UT 84651
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1548 W American Way, Unit G
    Payson, UT 84651
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1548 W American Way, Unit G Payson, UT 84651
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Daniel Richey
    (800) 785-9995
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.