Property profile

565 Main St Springville, UT 84663

OFF-MARKET
Retail space
Property ID
US86-0703284
1,804 SF 0.19 ac lot Built 1950
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased flex space property at 565 N Main St, Springville, UT 84663. Priced at $1,595,000, it boasts a compelling 5.50% cap rate. The property, zoned for community commercial use, comprises a single building situated on a large lot, offering significant potential for future expansion. Currently, the existing structure occupies only a fifth of the total acreage, presenting ample space for additional construction and development. Its strategic location provides easy access to I-15 (within five minutes) and the Inland Port of Salt Lake City (approximately 45 minutes), making it ideal for businesses requiring efficient shipping and logistics. The Main Street frontage ensures high visibility and convenient access for customers. Recent improvements include a new roof (2022) and the addition of a dock-high door (2021), enhancing functionality and appeal. A fenced side yard provides additional security and storage space. This property represents a rare blend of immediate income generation and substantial long-term growth potential in a thriving Utah County community. The property includes one loading dock.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 1,804 SF
Lot 0.19 ac (8,320 SF)
APN 23-012-0107
UPID US86-0703284

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center
  • Department Store
  • Gym & Fitness Center

Location

565 Main St Springville, UT 84663-1079
Springville metro Census 2902 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$520k

Owner & transaction history

since 2012
3 recorded transactions
2012
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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