Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1375 Mtn Spgs Pkwy Springville, UT 84663
    Property profile & analytics

    1375 Mtn Spgs Pkwy, Springville, UT 84663

    View on Map
    • Warehouses
    • 242,000 SF
    • 19.41 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1375 Mtn Spgs Pkwy

    Year built
    1985
    Lot size
    19.41 lot acres
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a 242,000 square foot warehouse located at 1375 N Mountain Spgs Pkwy, Springville, UT 84663. The property, built in 1985 and fully renovated in 2013, boasts a 6.75% cap rate and is currently 100% occupied under a triple-net (NNN) lease expiring January 30, 2029. The asking price is $27,964,444, translating to $115.56 per square foot. Situated on a 19.41-acre lot with permitted C-Commercial zoning, this two-story building features 12 dock-high doors and ceiling heights ranging from 21'9" to 24'6". The property benefits from its prime location immediately off Interstate 15, providing excellent visibility and convenient access. The tenant, a manufacturer of pet treats, has invested significantly in the facility, which meets OTC, Nutraceutical, and US food requirements. The facility is the sole supplier for PetIQ and includes a generator/backup power system and power monitor/control system. Furthermore, over six acres of undeveloped land offer potential for future expansion or development. This single-tenant NNN investment provides a low-risk, income-oriented profile with a strong tenant covenant and long-term lease. The property's high-quality construction and maintenance, coupled with its strategic location and strong tenant, make it an attractive investment opportunity. The APN is 230200006.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Utah
    State
    Utah
    Longitude
    -111.633
    Latitude
    40.1861

    Comparable in this City

    • Value Estimation by Request
      94,600 SF

      Springville, UT 84663

      Manufacturing properties
      Springville, UT 84663
      View Details
    • Value Estimation by Request
      19,933 SF

      455 2000

      Flex space
      455 2000, Springville, UT 84663
      View Details
    • Value Estimation by Request
      35,254 SF

      2090 500

      Distribution properties
      2090 500, Springville, UT 84663
      View Details
    • Value Estimation by Request
      58,699 SF

      2277 700th S

      MINI-WAREHOUSE, STORAGE
      2277 700th S, Springville, UT 84663-6154
      View Details
    • Value Estimation by Request
      5,959 SF

      2110 1150th N, Unit 500

      MINI-WAREHOUSE, STORAGE
      2110 1150th N, Springville, UT 84663-3352
      View Details
    • Value Estimation by Request
      3,757 SF

      285 1300th E

      MINI-WAREHOUSE, STORAGE
      285 1300th E, Springville, UT 84663
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse Unit For Sale

      Warehouse unit featuring 18' clear height and easy access.
      143 W 900 N, Springville, UT 84663
      View Details
    • Contact for pricing
      11,058 SF

      Industrial Facility with Flexible Suites

      Rare industrial facility featuring flexible suites on a 0.88-acre lot.
      180 W 900 N, Springville, UT 84663
      View Details
    • Contact for pricing
      8,100 SF

      Springville Warehouse Units For Sale

      Three warehouse units available, each 8,100 SF, Springville, Utah.
      141-145 W 900 N, Springville, UT 84663
      View Details
    • $720,000
      0.12 Acres

      Versatile Commercial Space on Main

      Prime Main Street location with excellent visibility and foot traffic.
      236 S Main St, Springville, UT 84663
      View Details
    • Contact for pricing
      5,141 SF

      Springville Retail Property For Sale

      Retail property built in 2008, located in Springville, Utah.
      665 E 400 S, Springville, UT 84663
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      280,980 SF

      Spanish Fork Industrial Space Available

      28,800 SF industrial space with cross-dock configuration for lease.
      2949 N 170 E, Spanish Fork, UT 84663
      View Details
    • Contact for pricing
      91,844 SF

      Springville Warehouse Near I-15

      100,000 SF warehouse/distribution space, convenient I-15 access.
      530 South 2000 West, Springville, UT 84663
      View Details
    • Contact for pricing
      327,184 SF

      Spacious Industrial Warehouse For Rent

      327,184 SF warehouse divisible to 81,796 SF available for lease.
      1750 W Center St, Springville, UT 84663
      View Details
    • Contact for pricing

      Springville Industrial Spaces Available

      Industrial spaces for rent in Springville, Utah. 2,000 SqFt.
      478 S Frontage Rd, Springville, UT 84663
      View Details
    • Contact for pricing
      3,150 SF

      Warehouse Space with Fenced Yard

      3,402 SF warehouse with loading dock and fenced yard.
      565 N Main St, Springville, UT 84663
      View Details
    • Contact for pricing
      1,345 SF

      Springville Warehouse with 3 Doors

      Industrial warehouse space available immediately off I-15.
      2499 W 700 S, Springville, UT 84663
      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.
    1375 Mtn Spgs Pkwy
    Springville, UT 84663
    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
    1375 Mtn Spgs Pkwy, Springville, UT, 84663
    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!