New Class A Flex
W American Wy, Payson, UT 84651
For Sale
Contact for pricing
Class A flex building for sale near I-15.
Property Size6,239 SF
Price / SF$230
Days on Market958
Property Features for W American Wy
General Information
Standard status
Size
Class
Property subtype
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Old Mill Group
Listed By:
Steve Bamgartner · License UT #5484354
Source:
Crexi
Added: Apr 1, 2024
Changed: Nov 5
Last Checked: Nov 12 at 7:23AM
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 Old Mill Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a new Class A construction flex building located just off I-15 at the 800 South Payson Exit, across from Rocky Mountain ATV. One unit is available for sale, featuring an office warehouse finish. The property has a size of 6239 square feet.
Key Highlights
- New Class A construction, built in 2024
- Flex building suitable for office or warehouse use
- Located just off I‑15 for easy access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,682
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,640
$993.6K
Cap Rate 7%
$709,743
$709.7K
Cap Rate 9%
$552,022
$552.0K
Market Conditions
NOI Build-Up for 6,239 SF
Gross rent
$74.9K $12.00/SF
− Vacancy
−$3.9K −$0.62/SF
EGI
$71.0K $11.38/SF
− OpEx
−$21.3K −$3.41/SF
NOI
$49.7K $7.96/SF
Area
Utah County, UT
Vacancy
5.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,640
Cap Rate 7%
$709,743
Cap Rate 9%
$552,022
Alternative Uses
Best Use
Industrial
$709.7K
$621.0K – $828.0K
NOI $49,682 @ 7.0% cap · market cap 3.46%
Second Best
Flex RnD
$604.4K
$528.9K – $705.2K
NOI $42,309 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,388 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84651, UT
28,416
Population
8,956
Households
3.2
Avg Household Size
29
Median Age
29%
College-Educated
94%
High-School Grad
126.7 sq mi
ZIP Area
224
Density / Sq Mi
$94,152
Median Household Income
$37,170
Median Earnings
$1,398
Median Rent
$423,200
Median Home Value
Market
Average Price Trend$/SF for Flex space in Utah County, UT
Properties on Market for Flex space in Utah County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Class A flex building for sale near I-15.
Where is this flex space located?
The property is located at W American Wy Payson, UT.
What is the asking price?
The asking price for this property is $1,434,970.
What are key features of this property?
This property features: New Class A construction, built in 2024; Flex building suitable for office or warehouse use; Located just off I‑15 for easy access
