Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1111 1060th N Spanish Fork, UT 84660-5509
    Back to Search
    Property profile & analytics

    1111 1060th N, Spanish Fork, UT 84660-5509

    View on Map
    • Industrial properties
    • 23,268 SF
    • 1.72 lot acres
    Off-Market
    Property ID
    US86-0646595
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1111 1060th N

    Year built
    2022
    Lot size
    1.72 lot acres
    Property type
    Industrial properties
    APN
    27-010-0133
    APU
    270100133

    Description

    This exceptional 23,100 square foot industrial building, constructed in 2021, offers a prime opportunity for businesses seeking flexible and adaptable space. Located in the Spanish Fork submarket of Utah County, at 1111 E 1060 N, Spanish Fork, UT 84660, this property boasts a significant 21,190 square feet of immediately available space, perfect for research and development or flexible manufacturing needs. The building sits on a generous 2.98-acre lot, providing ample room for expansion or outdoor operations. The property's "flex" designation allows for a wide range of uses, making it an ideal choice for companies requiring adaptable layouts. Its modern construction ensures efficient operations and a comfortable work environment. The multiple tenancy structure offers flexibility for businesses of varying sizes. This property presents a rare opportunity to secure a substantial, high-quality industrial space in a thriving Utah County location. The address is easily accessible, offering convenient transportation links. This is an excellent opportunity for a business seeking a modern, versatile space in a rapidly growing area. The building's 2021 construction ensures up-to-date amenities and infrastructure. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.635
    Latitude
    40.1239
    CBSA code
    39340
    CBSA name
    PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,176
    $0.00
    $0.00
    $1,462,800
    -
    $331,100
    $1,131,700
    $1,462,800

    Comparable in this City

    • Value Estimation by Request
      46,925 SF

      585 1000th N

      INDUSTRIAL (GENERAL)
      585 1000th N, Spanish Fork, UT 84660-9510
      View Details
    • Value Estimation by Request
      13,081 SF

      1379 3470

      Flex space
      1379 3470, Spanish Fork, UT 84660
      View Details
    • Value Estimation by Request
      28,000 SF

      861 1000

      Flex space
      861 1000, Spanish Fork, UT 84660
      View Details
    • Value Estimation by Request
      1,518 SF

      1012 Market Pl Dr

      CONDOMINIUMS (INDUSTRIAL)
      1012 Market Pl Dr, Spanish Fork, UT 84660-5669
      View Details
    • Value Estimation by Request
      2,310 SF

      1129 1010th N

      CONDOMINIUMS (INDUSTRIAL)
      1129 1010th N, Spanish Fork, UT 84660-5507
      View Details
    • Value Estimation by Request
      1,696 SF

      1173 1010th N

      CONDOMINIUMS (INDUSTRIAL)
      1173 1010th N, Spanish Fork, UT 84660-5507
      View Details

    Similar Nearby for Sale

    • 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

      Industrial Space in Spanish Fork

      Well-located property with modern industrial features and adaptable floor plans.
      82 East St North, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      46,876 SF

      Commercial Units in Spanish Fork

      Versatile commercial units in a rapidly growing business hub.
      Spanish Fork, UT 84660
      View Details
    • $1,000,000
      5.25 Acres

      Exclusive Lots Near Spanish Fork River

      Land for sale near the Spanish Fork River.
      8500 S 1100 E, Spanish Fork, UT 84660
      View Details
    • $599,900
      0.51 Acres

      Prime Commercial Pad Site

      High-traffic corner lot ideal for retail or restaurant development.
      2260 S Main St, Spanish Fork, UT 84660
      View Details
    • $1,300,000
      5.25 Acres

      Exclusive Lots Near Spanish Fork

      Large residential lots in new subdivision, available for reservation.
      8500 S 1100 E, Spanish Fork, UT 84660
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Space

      Industrial space available for rent, single tenant, 2,825 SqFt.
      3584 1150 W, 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
      1 SF

      Spanish Fork Industrial Land For Lease

      Massive Industrial Land Parcel Available
      1400 3700, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      70,875 SF

      Industrial Space with Highway Access

      70875 SF industrial property with immediate highway access.
      4000 Highway 6 E, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Modern Logistics and Distribution Hub

      Largest spec industrial development in Utah County for lease.
      700 N 700 W, 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
    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.
    1111 1060th N
    Spanish Fork, UT 84660-5509
    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
    1111 1060th N, 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!