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 properties

Property subtype

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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