Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    400 Spanish Frk Pkwy Spanish Fork, UT 84660
    Back to Search
    Property profile & analytics

    400 Spanish Frk Pkwy, Spanish Fork, UT 84660

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 400 Spanish Frk Pkwy

    Property type
    Land

    Description

    This exceptional commercial land offering presents six available lots in the rapidly growing Spanish Fork, Utah market, situated at Hwy 147 (400 N) Spanish Fork Parkway, zip code 84660. The property boasts a highly desirable location, less than a third of a mile from Maple Mountain High School, ensuring high visibility and accessibility. This area is experiencing significant growth, making it an ideal investment opportunity. A grocery store parcel is currently under contract, further solidifying the area's commercial viability. Five of the lots are specifically designed for drive-thru businesses, offering significant potential for various retail and fast-food establishments. Lot sizes and pricing vary: Pad 1 (0.71 acres) is priced at $35 per square foot

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.611
    Latitude
    40.1155

    Comparable in this City

    • Value Estimation by Request
      50.00 Acres

      4200 5200

      Land
      4200 5200, Benjamin, UT 84660
      View Details
    • Value Estimation by Request
      5.85 Acres

      900 Haywain Dr

      Land
      900 Haywain Dr, Spanish Fork, UT 84660
      View Details
    • Value Estimation by Request

      4200 800

      Land
      4200 800, Spanish Fork, UT 84660
      View Details
    • Value Estimation by Request
      9.06 Acres

      1906 Sr 164

      Land
      1906 Sr 164, Spanish Fork, UT 84660
      View Details
    • Value Estimation by Request
      0.56 Acres

      2550 Highway 6

      Land
      2550 Highway 6, Spanish Fork, UT 84660
      View Details
    • Value Estimation by Request
      2.02 Acres

      Swc Hwy 6 & Powerhouse Rd

      Land
      0 Swc Hwy 6 & Powerhouse Rd, Spanish Fork, UT 84660
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale in Spanish Fork, Utah.
      57-2042 Valley Dr, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Two Parcels of Land Available

      Two parcels of land totaling 11.4 acres for sale.
      5570 S 1450 W, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Prime Land Offering in Benjamin

      Exceptional land parcels for development, investment, or personal use.
      2200 W 8000 S, Benjamin, UT 84660
      View Details
    • Contact for pricing

      Land Parcel Near Maple Mountain

      Land parcel in high-growth area near Maple Mountain High.
      North Spanish Fork Pkwy, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      81.39 Acres

      Prime Spanish Fork Industrial Land

      81 Acres, Utah County, Ideal Development
      Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      4200 W 5200 S, Lake Shore, UT 84660
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Spanish Fork Industrial Land For Lease

      Massive Industrial Land Parcel Available
      1400 3700, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Prime Corner Lot For Lease

      Half acre corner lot available for ground lease or build-to-suit.
      2600 E Canyon Rd, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Industrial Flex Spaces For Lease

      Industrial flex spaces available for lease.
      751 W 1000 N, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      2,385 SF

      Attractive Renovated Office Space

      Renovated office space close to downtown with open areas.
      103 E 100 S, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Industrial Space Available For Rent

      2,310 SF industrial space available for lease.
      1149 E 1060 N, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Spanish Fork Flex Space Available

      Flex space in Spanish Fork with office and warehouse areas.
      184 W 1400 N, Spanish Fork, UT 84660
      View Details
    Request Owner's contact information
    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.
    400 Spanish Frk Pkwy
    Spanish Fork, UT 84660
    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
    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

    Thank You for Inquiry
    400 Spanish Frk Pkwy, Spanish Fork, UT, 84660
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!