1688 820Provo, UT 84601

Property Details for 1688 820

Year built

1982

Lot size

0.92 AC

Property size (Sq ft)

7,890 SF

Property type

Office buildings

APN

21-013-0042

APU

210130042

Description

This exceptional 8,000-square-foot Class B office building in Provo, Utah, presents a compelling investment opportunity. Built in 1982, the single-story structure sits on a parcel identified by APN 21:013:0042 and is zoned MP. The building features a well-appointed reception area, expansive open space ideal for cubicles, a sizable conference room, and a dedicated server room. High-speed fiber internet is readily available. Adding to its versatility, the property includes a small garage or shop area, perfect for storage or light equipment. The asking price is $1,450,000, translating to $181.25 per square foot. A significant advantage is the adjacency to a flex project (land parcel) which is available for purchase alongside the office building, offering potential for expansion or synergistic development. The building's interior is adaptable to various business needs, offering a flexible layout. The current lease rate is $12 per square foot, triple net (NNN). This property is located at 1688 W 820 N, Provo, UT 84601. This is a rare opportunity to acquire a well-maintained, functional office building in a desirable Provo location with potential for future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,104,946

  6.5%

  $1,943,027

  7%

  $1,804,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,580,762

  Geo Method

  $1,580,762

• Alternative Use

  Use

  Valuation

  Residential

  $2,409,354

  Hospitality

  $2,206,955

  Educational

  $1,836,161

  Medical

  $1,899,309

  Retail

  $2,856,250

Location Insight

City

Provo

County

Utah

State

Utah

Latitude

40.2456

Longitude

-111.688

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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