Saratoga Springs, UT
Commercial Real Estate Market Trends & Data

$430 Avg asking sale price
$32 Avg asking lease rate
11,170 SF Avg unit lease size
53,929 SF Avg building size for sale
6.10% Average cap rate

Saratoga Springs's Demographic Profile

Saratoga Springs has 11,365 households and a median income of $112,805, providing context for rent absorption and tenant demand across retail and multifamily assets. A +17% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 45,307
# Households 11,365
Median age 25
Median household income $112,805
Avg household size 4.0
Renter-occupied housing units 1,719
5-year population change +17%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Saratoga Springs, UT

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Saratoga Springs $315 23,661 SF 7.78%
Orem $239 19,986 SF 7.08%
American Fork $315 23,661 SF 7.78%
Eagle Mountain $545 10,096 SF 5.51%
Lehi $343 13,952 SF 7.78%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Vineyard $231 73,851 SF 6.53%
Orem $231 73,851 SF 6.53%
Nearby Retail Markets Avg Cost/SF Typical Size
Saratoga Springs $615 17,763 SF
Orem $424 11,335 SF
American Fork $615 17,763 SF
Eagle Mountain $545 10,096 SF
Lehi $593 7,398 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Saratoga Springs $264 17,965 SF 5.02%
Orem $272 10,619 SF 3.59%
American Fork $264 17,965 SF 5.02%
Lehi $264 17,965 SF 5.02%

Commercial Properties For Sale in Saratoga Springs

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 Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Multifamily vs. Single-Family Investing ROI
Multifamily vs. Single-Family Investing ROI
Multifamily vs single-family investing compared across cash flow, vacancy risk, financing, management complexity, and ROI to help investors evaluate returns and downside risk by property type.
CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Saratoga Springs $430 53,929 SF
Vineyard $232 65,867 SF
Orem $285 25,962 SF
American Fork $430 53,929 SF
Eagle Mountain $545 10,096 SF

Regional Demographic Comparison

This comparison places Saratoga Springs 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 Saratoga Springs or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Saratoga Springs 45,307 11,365 25 $112,805 4 1,719 17%
Vineyard 17,500 5,672 27 $87,662 3 3,379 20%
Orem 106,231 32,472 29 $74,997 3 14,433 15%
American Fork 34,407 10,304 30 $88,749 3 3,174 16%
Eagle Mountain 53,507 12,829 24 $95,396 4 1,367 17%

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

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

Saratoga Springs 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 Saratoga Springs?

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

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

How does Saratoga Springs compare to nearby commercial real estate markets?

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

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Saratoga Springs, 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 Market Trends