Pleasant Grove, UT
Commercial Real Estate Market Trends & Data

$354 Avg asking sale price
$28 Avg asking lease rate
14,324 SF Avg unit lease size
23,119 SF Avg building size for sale
5.71% Average cap rate

Pleasant Grove's Demographic Profile

Pleasant Grove has 12,137 households and a median income of $90,187, providing context for rent absorption and tenant demand across retail and multifamily assets. A +15% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 41,033
# Households 12,137
Median age 29
Median household income $90,187
Avg household size 3.0
Renter-occupied housing units 4,304
5-year population change +15%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Pleasant Grove, UT

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Pleasant Grove $281 34,139 SF 7.00%
Lindon $275 29,663 SF 7.00%
American Fork $315 23,661 SF 7.78%
Provo $270 22,302 SF 7.08%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lindon $257 46,587 SF 6.53%
Vineyard $212 108,604 SF 6.53%
Provo $227 23,374 SF 6.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Pleasant Grove $727 15,398 SF
Lindon $531 19,927 SF
American Fork $615 17,763 SF
Provo $391 13,047 SF
Orem $481 11,541 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
American Fork $264 151,411 SF 5.02%
Provo $238 3,833 SF 7.50%
Orem $274 10,619 SF 3.59%
Lehi $264 151,411 SF 5.02%

Commercial Properties For Sale in Pleasant Grove

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

856 S Main St

Pleasant Grove, UT 84062

  • 960 SF Office Building
  • $650,000
For Sale

2162 W Grove Pky

Pleasant Grove, UT 84062

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

1679 West State St

Pleasant Grove, UT 84062

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

North Pointe Building E

American Fork, UT 84003

  • 96,609 SF Office Building
  • $15,457,000
For Sale

North Pointe Building D

American Fork, UT 84003

  • 74,655 SF Office Building
  • $9,332,000
For Sale

Former Sage & Plow

American Fork, UT 84003

  • 49,103 SF Retail Building
  • $10,500,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Single Tenant Triple Net Lease Investing
Single Tenant Triple Net Lease Investing
How to evaluate tenant quality, assess property value, and manage investment risks
How to Buy a Hotel
How to Buy a Hotel
Learn the key considerations and strategies for successful hotel ownership
Modified Gross Lease Explained for CRE Investors
Modified Gross Lease Explained for CRE Investors
How expense stops, base year terms, and cost allocation decisions affect CRE NOI and property value at exit.
Duplex vs. Triplex vs. Fourplex Comparison for Real Estate Investors
Duplex vs. Triplex vs. Fourplex Comparison for Real Estate Investors
Compare financing options, management requirements, and risk factors across 2-4 unit properties to choose the right investment for your goals
Land Entitlement
Land Entitlement
Identifying Risks and Mitigation Strategies for Unentitled Land
Land Loan Calculator
Land Loan Calculator
Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.
Multifamily Financing Options & Rates
Multifamily Financing Options & Rates
A comprehensive overview of multifamily loan programs, current market rates, and essential requirements for successful financing in today's market
What are Reciprocal Easement Agreements in CRE?
What are Reciprocal Easement Agreements in CRE?
REAs In Commercial Real Estate Generally Apply to Retail, Office and Mixed-Use Projects

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Pleasant Grove $354 23,119 SF
Lindon $298 36,618 SF
American Fork $430 60,526 SF
Highland $445 11,541 SF

Regional Demographic Comparison

This comparison places Pleasant Grove 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 Pleasant Grove or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Pleasant Grove 41,033 12,137 29 $90,187 3 4,304 15%
Cedar Hills 10,735 2,746 29 $121,302 4 382 14%
Lindon 12,989 3,606 31 $107,224 4 842 15%
American Fork 34,407 10,304 30 $88,749 3 3,174 16%
Highland 19,938 4,792 28 $164,195 4 428 14%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Pleasant Grove, 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 Pleasant Grove

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

Pleasant Grove 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 Pleasant Grove?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Pleasant Grove. 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 Pleasant Grove?

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

How does Pleasant Grove compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Pleasant Grove. 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 Pleasant Grove acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Pleasant Grove, 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.

Nearby Cities
Commercial Market Reports