Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    120 Main St Spanish Fork, UT 84660-1725
    Back to Search
    Property profile & analytics

    120 Main St, Spanish Fork, UT 84660-1725

    View on Map
    • Retail space
    • 4,729 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US86-0486983
    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

    • Retail space

    Property Details for 120 Main St

    Year built
    1946
    Lot size
    0.11 lot acres
    Property type
    Retail space
    APN
    07-053-0006
    APU
    70530006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2017 — Ellsworth Coml Props LLC 120 Ellsworth Commercial Props LLC Quit Claim Deed —
    Jan 25, 2016 — Kuen B Lew Lew,mei T Affidavit Of Death · related —
    Jan 15, 2016 — Ellsworth Commercial Props LLC Lew,kuen B Warranty Deed $375k · Kuen B Lew

    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
    -111.654
    Latitude
    40.1115
    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
    $4,037
    $0.00
    $0.00
    $416,600
    -
    $143,400
    $273,200
    $416,600

    Comparable in this City

    • Value Estimation by Request
      2,491 SF

      101 Main St

      RETAIL STORES (PERSONAL SERVICES)
      101 Main St, Spanish Fork, UT 84660-1724
      View Details
    • Value Estimation by Request
      825 SF

      234 Main St

      RETAIL STORES (PERSONAL SERVICES)
      234 Main St, Spanish Fork, UT 84660-1781
      View Details
    • Value Estimation by Request
      1,816 SF

      86 100th N

      RETAIL STORES (PERSONAL SERVICES)
      86 100th N, Spanish Fork, UT 84660-1703
      View Details
    • Value Estimation by Request
      5,295 SF

      942 800th N

      RETAIL STORES (PERSONAL SERVICES)
      942 800th N, Spanish Fork, UT 84660-1332
      View Details
    • Value Estimation by Request
      7,404 SF

      609 Arrowhead Trl

      RETAIL STORES (PERSONAL SERVICES)
      609 Arrowhead Trl, Spanish Fork, UT 84660-9237
      View Details
    • Value Estimation by Request
      7,745 SF

      640 Main St

      RETAIL STORES (PERSONAL SERVICES)
      640 Main St, Spanish Fork, UT 84660-2413
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      11,280 SF

      Renovated Mixed-Use Property For Sale

      Recently renovated mixed-use property suitable for retail or office use.
      72 N Main St, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Commercial land with high traffic, ideal for retail development.
      and SR 164 Loafer Mountain Pkwy, Salem, UT 84660
      View Details
    • $895,000
      0.05 Acres

      Restaurant with Apartment For Sale

      Thriving restaurant with a spacious three-bedroom apartment.
      242 N Main St, 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
    • $379,000
      0.85 Acres

      Mountain Land with Sweeping Views

      Beautiful mountain land with views, near Spanish Oaks Reservoir.
      3243 E Hawk Dr S, Spanish Fork, UT 84660
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,319 SF

      Retail and Warehouse Space Available

      Retail and warehouse space with ample parking for lease.
      55 E 100 N, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Canyon Court Retail Space Available

      Retail units available for rent at Canyon Court.
      2727 N Spanish Fork Pkwy, Spanish Fork, UT 84660
      View Details
    • Contact for pricing

      Regional Power Center For Lease

      Super regional power center in fast-growing Spanish Fork, Utah.
      US6 And Cyn Crk Pkwy, 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
    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.
    120 Main St
    Spanish Fork, UT 84660-1725
    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
    120 Main St, 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!