Springville, UT
Commercial Real Estate Market Trends & Data

$238 Avg asking sale price
$1,029 Avg asking lease rate
18,530 SF Avg unit lease size
14,321 SF Avg building size for sale
5.37% Average cap rate

Springville's Demographic Profile

Springville has 11,907 households and a median income of $82,972, 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 40,579
# Households 11,907
Median age 29
Median household income $82,972
Avg household size 3.0
Renter-occupied housing units 3,541
5-year population change +16%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Springville, UT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Provo $270 22,302 SF 7.08%
Orem $258 19,782 SF 7.08%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Springville $240 15,174 SF 5.37%
Provo $227 23,374 SF 6.00%
Spanish Fork $219 16,487 SF 5.37%
Palmyra $219 14,172 SF 5.37%
Orem $218 74,617 SF 6.53%
Nearby Retail Markets Avg Cost/SF Typical Size
Springville $239 5,102 SF
Provo $391 13,047 SF
Spanish Fork $366 7,793 SF
Palmyra $258 9,643 SF
Orem $481 11,541 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Provo $245 12,635 SF 7.50%
Orem $274 10,619 SF 3.59%
Heber City $207 53,990 SF 5.44%
American Fork $264 151,411 SF 5.02%

Commercial Properties For Sale in Springville

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

Industrial Multi-Tenant Investment

Spanish Fork, UT

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

180 W 900 N

Springville, UT 84663

  • 11,000 SF Industrial Building
  • $2,421,000
For Sale

141-145 W 900 N

Springville, UT 84663

  • 24,300 SF Flex Building
  • $1,822,500
For Sale

Building 2

Provo, UT 84606

  • 34,140 SF Industrial Building
  • $663,780 - $851,040
For Sale

Creekside Place

Springville, UT 84663

  • 1.43 AC Lot
  • 1 Commercial Lot
  • $825,000
For Sale

1000 U.S. 89

Mapleton, UT 84664

  • 4.24 AC Lot
  • 1 Commercial Lot
  • $2,770,500

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 Springville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Springville $238 14,321 SF
Provo $300 18,874 SF
Spanish Fork $325 12,508 SF
Palmyra $312 12,182 SF

Regional Demographic Comparison

This comparison places Springville 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 Springville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Springville 40,579 11,907 29 $82,972 3 3,541 16%
Mapleton 13,963 3,622 29 $122,585 4 431 18%
Provo 122,608 38,175 27 $58,644 3 22,963 15%
Spanish Fork 42,711 11,693 28 $91,224 4 2,458 15%
Palmyra 529 179 33 $70,249 3 84 22%

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

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

Springville 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 Springville?

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

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

How does Springville compare to nearby commercial real estate markets?

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

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