Technical
Financial
Distress signals
Property profile

863 E 1950 N Spanish Fork, UT 84660

FOR LEASE
Flex space
Property ID
US86-0516439
69,508 SF 4.24 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 35,204-square-foot flex space, located within the highly sought-after Canyon Creek Business Park in Spanish Fork, Utah, presents a unique opportunity for businesses seeking a versatile and modern workspace. Building 3, constructed in 2013, offers a total of 35,204 square feet of adaptable space, divisible to a minimum of 17,385 square feet. The entire building is currently vacant, providing a blank canvas for tenant improvements tailored to specific operational needs. The property boasts impressive features including a 24-foot ceiling height, 12 dock-high doors, and 4 drive-in doors, making it ideal for various industrial and distribution uses. Ample parking is available with 74 spaces. The 4.24-acre lot provides ample room for expansion or outdoor storage. The property is zoned LI and features a convenient location in the Utah County South submarket, with the address being 863 E 1950 N, Spanish Fork, UT 84660. This prime location offers easy access to major transportation routes and a thriving business community. The property's modern design and functional layout make it an attractive option for a wide range of businesses, from light manufacturing and warehousing to research and development. Don't miss this chance to secure a premier space in a rapidly growing area.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Total area 69,508 SF
Lot 4.24 ac (184,825 SF)
APN 26-051-0081
UPID US86-0516439

Cap rate & NOI

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

Location

863 E 1950 N Spanish Fork, UT 84660
Spanish Fork metro Census 10306 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$635k

Owner & transaction history

since 2022
6 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2019
Price N/A
2011
Price N/A
2010
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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