Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    498 Main St, Unit 198 Spanish Fork, UT 84660-2410

    • Day care centers
    • 2,207 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0124470
    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.

    Current Use by Public Records

    • Day care centers

    Property Details for 498 Main St

    Year built
    1970
    Lot size
    0.05 lot acres
    Property size
    2,207 SF
    Property type
    Day care centers
    APN
    53-653-0001
    APU
    536530001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanish Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.656
    Latitude
    40.1026
    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
    $3,990
    $0.00
    $0.00
    $411,700
    -
    $83,000
    $328,700
    $411,700

    Comparable in this City

    • Value Estimation by Request
      858 SF

      336 100th W

      DAY CARE, PRE-SCHOOL • 858 SF
      336 100th W, Spanish Fork, UT 84660-1729
      View Details
    • Value Estimation by Request
      10,675 SF

      519 Main St

      DAY CARE, PRE-SCHOOL • 10,675 SF
      519 Main St, Spanish Fork, UT 84660-1441
      View Details
    • Value Estimation by Request
      5,039 SF

      1574 Spanish Frk Pkwy

      DAY CARE, PRE-SCHOOL • 5,039 SF
      1574 Spanish Frk Pkwy, Spanish Fork, UT 84660-1387
      View Details
    • Value Estimation by Request
      5,244 SF

      2000 300th W

      DAY CARE, PRE-SCHOOL • 5,244 SF
      2000 300th W, Spanish Fork, UT 84660-9576
      View Details
    • Value Estimation by Request
      9,104 SF

      14048 Hwy

      Medical offices • 9,104 SF
      14048 Hwy, Spanish Fork, UT 84660
      View Details
    • Value Estimation by Request
      7,697 SF

      Spanish Fork, UT 84660

      PROFESSIONAL CLUBS/ASSOCIATIONS • 7,697 SF
      Spanish Fork, UT 84660
      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
    • $1,550,000
      50.00 Acres

      Lake Shore Commercial Land - Utah

      50-Acre Redevelopment Site; $1.55M Asking Price
      4200 5200, Benjamin, UT 84660
      View Details
    • $1,100,000
      5.25 Acres

      Exclusive Lots Near Spanish Fork

      Large residential lots available in new subdivision near Spanish Fork.
      8500 S 1100 E, Spanish Fork, UT 84660
      View Details
    • $1,150,000
      5.25 Acres

      Exclusive Lots Near Spanish Fork

      Large residential lots in new subdivision, reservations available.
      8500 S 1100 E, Spanish Fork, UT 84660
      View Details
    • $975,000
      5.25 Acres

      Land Near Spanish Fork River

      Exclusive large lots near Spanish Fork River, available for reservation.
      8500 S 1100 E, Spanish Fork, UT 84660
      View Details
    • $3,100,000
      30.30 Acres

      Productive Agricultural Land in Benjamin

      30 acres of contiguous agricultural land in Benjamin, Utah.
      Benjamin, UT 84660
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      4,679 SF

      Spanish Fork Retail Center Opportunity

      Prime Retail Space, Multiple Units Available
      842 Spanish Fork Pkwy, Spanish Fork, UT 84660
      View Details
    • $10 SF/Yr
      800,766 SF

      El Tenedor Logistics Center

      Utah County Industrial Space Available
      1401 300, Spanish Fork, UT 84660
      View Details
    • $10 SF/Yr
      1,948,089 SF

      Global Logistics HQ: Spanish Fork

      1.9M SF Warehouse Space Available
      0 700, Spanish Fork, UT 84660
      View Details
    • $11 SF/Yr
      35,204 SF

      Canyon Creek Business Park Space

      Modern Flex Space in Spanish Fork, UT
      863 1950, Spanish Fork, UT 84660
      View Details
    • $25 SF/Yr
      3,019 SF

      Renovated Office Space for Rent

      Office space for rent in renovated building with historical charm.
      111 E 300 S, Spanish Fork, UT 84660
      View Details
    • Contact for pricing
      193,200 SF

      Spanish Fork Skypark Development

      Nine-building, 2 million-square-foot development in Utah County.
      5768 S 650 W, 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.
    498 Main St, Unit 198
    Spanish Fork, UT 84660-2410
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.