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2050 N 300 W, Spanish Fork, UT — photo 11 / 10

$1,570,992

2050 N 300 W, Spanish Fork, UT 84660

Subtype

Industrial

Building SF

$/SF

Lot

0.1 ac

Property Details

Property typeCommercial Sale
SubtypeIndustrial
Building SF
Year built2026
Lot size0.1 acres
Current useIndustrial
Taxes (annual)$1
Days on market12
Listed2026-08-14T00:00:00+00:00

Description

Hangar B2 at Patey Aviation Park, Spanish Fork Municipal (KSPK). 76x80 column-free hangar, 6,080 sf, 68' x 22' hydraulic door, 22' clear. Private finished amenity suite, 1,554 sf over two levels with restroom. 7,634 sf total. Fire alarm and 2-hour demising walls, individual 125A service and meter, ceiling-mounted gas unit heater, LED lighting, hose bib and floor drain, sewer stubbed for a bathroom. You own the building. Land is a 50-year Spanish Fork City ground lease at $0.45/sf/yr; property tax is on the structure only and the lease transfers with the hangar. Utilities individually metered and owner-paid. Direct taxiway access to a 6,500' lighted runway at 4,529' MSL. Uncontrolled field, CTAF 122.9. Jet A through the FBO. Secured perimeter, badge access, 24/7 owner entry. Ten minutes to Provo, under an hour to Salt Lake.

Listed by Adam Lancaster · Lancaster & Co Realty LLC

Location

2050 N 300 W, Spanish Fork, UT 84660

Cap Rate Calculator

Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.

Cap Rate

5.25%

$/SF

GRM

11.8

Purchase price
$
Gross scheduled income
$/yr
Vacancy5%
Operating expense ratio35% ($44,400)
Effective gross income$126,857/yr
Operating expenses$44,400/yr
Derived NOI$82,457/yr

Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 8/26/2026, 2:27:44 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.