Spanish Fork, UT
Commercial Real Estate Market Trends & Data

$325 Avg asking sale price
$950 Avg asking lease rate
36,007 SF Avg unit lease size
12,508 SF Avg building size for sale
6.39% Average cap rate

Spanish Fork's Demographic Profile

Spanish Fork has 11,693 households and a median income of $91,224, 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 42,711
# Households 11,693
Median age 28
Median household income $91,224
Avg household size 4.0
Renter-occupied housing units 2,458
5-year population change +15%

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

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Spanish Fork $219 16,487 SF 5.37%
Palmyra $219 16,487 SF 5.37%
Nearby Retail Markets Avg Cost/SF Typical Size
Spanish Fork $366 7,793 SF
Palmyra $258 9,643 SF
Payson $278 7,540 SF
Springville $239 5,102 SF
Orem $483 10,028 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Orem $274 10,619 SF 3.59%
Provo $245 12,635 SF 7.50%
Saratoga Springs $264 151,411 SF 5.02%
American Fork $264 151,411 SF 5.02%

Commercial Properties For Sale in Spanish Fork

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

Lot 11

Spanish Fork, UT 84660

  • 2.96 AC Lot
  • 1 Commercial Lot
  • $2,578,740
For Sale

Industrial Multi-Tenant Investment

Spanish Fork, UT

  • Industrial Building
  • 5.37% Cap Rate
  • $17,995,000
For Sale

For Sale and Lease

Spanish Fork, UT 84660

  • 6,817 SF Retail Building
  • 7.35% Cap Rate
  • $1,500,000
For Sale

Swenson Industrial

Spanish Fork, UT 84660

  • 5 - 30 AC Lots
  • 4 Industrial Lots
  • $2,178,000 - $28,314,000
For Sale

1261 Utah 198

Salem, UT 84653

  • 2.25 AC Lot
  • 1 Commercial Lot
  • $1,590,000
For Sale

Prime Main Street Office Suite For Sale

Spanish Fork, UT 84660

  • 4,459 SF Retail Building
  • $1,200,000

Average Price For Sale

↻ Updated Monthly

Average Price 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 Spanish Fork pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Spanish Fork $325 12,508 SF
Salem $563 6,377 SF
Benjamin $1,587 1,701 SF
Palmyra $322 13,967 SF

Regional Demographic Comparison

This comparison places Spanish 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 Spanish Fork or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Spanish Fork 42,711 11,693 28 $91,224 4 2,458 15%
Mapleton 13,963 3,622 29 $122,585 4 431 18%
Salem 11,097 2,981 30 $107,480 4 319 16%
Benjamin 1,422 404 36 $89,788 3 77 15%
Palmyra 529 179 33 $70,249 3 84 22%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Spanish 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 Spanish Fork

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

Spanish 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 Spanish Fork?

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

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

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

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Spanish 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 Spanish Fork acquisitions?

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