American Fork, UT
Commercial Real Estate Market Trends & Data

$430 Avg asking sale price
$607 Avg asking lease rate
15,747 SF Avg unit lease size
60,526 SF Avg building size for sale
6.10% Average cap rate

American Fork's Demographic Profile

American Fork has 10,304 households and a median income of $88,749, providing context for rent absorption and tenant demand across retail and multifamily assets. A +16% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 34,407
# Households 10,304
Median age 30
Median household income $88,749
Avg household size 3.0
Renter-occupied housing units 3,174
5-year population change +16%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near American Fork, UT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
American Fork $315 23,661 SF 7.78%
Pleasant Grove $281 34,139 SF 7.00%
Lehi $343 13,952 SF 7.78%
Lindon $388 29,663 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lindon $257 46,587 SF 6.53%
Vineyard $212 108,604 SF 6.53%
Nearby Retail Markets Avg Cost/SF Typical Size
American Fork $615 17,763 SF
Pleasant Grove $727 15,398 SF
Lehi $593 7,398 SF
Lindon $531 19,927 SF
Draper $486 15,068 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
American Fork $264 151,411 SF 5.02%
Lehi $264 151,411 SF 5.02%
Saratoga Springs $264 151,411 SF 5.02%

Commercial Properties For Sale in American Fork

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1220 N 500 W

Lehi, UT 84043

  • 5,212 SF Office Building
  • 5.89% Cap Rate
  • $1,537,540
For Sale

American Fork Redevelopment Opportunity

American Fork, UT 84003

  • 2,260 SF Office Building
  • $1,275,000
For Sale

2162 W Grove Pky

Pleasant Grove, UT 84062

  • 79,927 SF Office Building
  • 7.00% Cap Rate
  • $20,022,885
For Sale

AF Station Square

American Fork, UT 84003

  • 16.63 AC Lot
  • 1 Commercial Lot
  • $21,732,084
For Sale

3231 N 1120 E

Lehi, UT 84043

  • 11,541 SF Office Building
  • $3,650,000
For Sale

1679 West State St

Pleasant Grove, UT 84062

  • 1,200 SF Retail Building
  • 5.00% Cap Rate
  • $1,866,240

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether American Fork pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
American Fork $430 60,526 SF
Highland $446 11,541 SF
Pleasant Grove $354 23,119 SF
Lehi $479 79,077 SF

Multifamily Properties For Sale in American Fork

For Sale

Seasons of Traverse Mountain

Lehi, UT 84043

  • 284,856 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places American Fork alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in American Fork or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
American Fork 34,407 10,304 30 $88,749 3 3,174 16%
Cedar Hills 10,735 2,746 29 $121,302 4 382 14%
Highland 19,938 4,792 28 $164,195 4 428 14%
Pleasant Grove 41,033 12,137 29 $90,187 3 4,304 15%
Lehi 85,329 23,152 27 $118,190 4 5,918 17%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in American Fork, UT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in American Fork

View All Commercial Real Estate For Sale in American Fork
Is American Fork a good market for a first-time commercial real estate investor?

American Fork offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in American Fork?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in American Fork. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in American Fork?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for American Fork. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does American Fork compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to American Fork. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for American Fork acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in American Fork, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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