For Sale
Spanish Fork, UT
Commercial Real Estate Market Trends & Data
$330
Avg asking sale price
$22
Avg asking lease rate
36,515 SF
Avg unit lease size
12,867 SF
Avg building size for sale
6.15%
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{{marketTabDescriptions[activeMarketTab]}}
| 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 | $421 | 5,942 SF |
| Palmyra | $258 | 6,817 SF |
| Payson | $278 | 7,540 SF |
| Springville | $239 | 5,102 SF |
| Orem | $506 | 11,612 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Provo | $287 | 10,188 SF | 7.59% |
| Saratoga Springs | $264 | 17,965 SF | 5.02% |
| American Fork | $264 | 17,965 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
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $459 | 12,867 SF |
| Salem | $975 | 5,240 SF |
| Benjamin | $1,587 | 1,701 SF |
| Palmyra | $322 | 14,074 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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