Commercial Real Estate Market in Nephi, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
50 active listings and 410 off-market properties in Nephi, UT. Commercial property asks $33/SF to buy and $38.00/SF/Yr to lease.
Market Trends
Nephi, UT spans 167.7 square miles in Juab County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Nephi, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Nephi, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Nephi, UT runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Nephi, UT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.4%
- Commercial 32.9%
- Industrial 13.7%
Largest Zones share of zoned land by district
Residential One To One Quarter Acre
Residential One To Eight Thousand Square Feet
Highway Commercial 1
Industrial 1
Combined Use 1
Nephi, UT zones 3,514 acres across 14 districts. Commercial zoning covers 32.9% of zoned land, residential 53.4% and industrial 13.7%. The largest single district is Residential One To One Quarter Acre at 26.6%. For commercial buyers the practical constraint is that only 46.6% of land carries a commercial or industrial designation.
Highway Commercial 1 (HC-1)
Permitted Uses: In the Highway Commercial 1 Zone (HC1), no building, land, or use shall be constructed, changed, or expanded, which is arranged, intended, or designed to be used for anything other than one or more of the following uses, which may be required to be reasonably dispersed throughout the community: Animal hospital. Athletic, tennis or racquet clu…
Market overview
Demographics & Economy
Nephi, UT has 6,830 residents in 2,358 households. Density runs 41 people per square mile. Median household income here is $97,708 and median gross rent $930 a month.
6,830
Population
2,358
Households
2.9
Avg Household Size
32
Median Age
22%
College-Educated
94%
High-School Grad
167.7 sq mi
ZIP Area
41
Density / Sq Mi
$97,708
Median Household Income
$37,241
Median Earnings
$930
Median Rent
$386,300
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Nephi?
Commercial property in Nephi, UT asks an average of $33 per square foot.
How much does it cost to lease commercial space in Nephi?
Asking lease rates in Nephi, UT average $38.00 per square foot per year.
What zoning applies to commercial property in Nephi?
Nephi, UT zones 3,514 acres across 14 districts, of which 32.9% is commercial and 13.7% industrial. The largest single district is Residential One To One Quarter Acre at 26.6% of zoned land. Residential zoning covers 53.4% and open space 0%.
Where does Realmo's Nephi market data come from?
Realmo compiles Nephi, UT figures from 47 active sale listings, 3 active lease listings, 410 tracked off-market properties, the current Nephi zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 47 active for-sale and 3 active for-lease listings in Nephi, UT. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,514 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
