Medical Office Tower LLC
1055 N 300 W Provo, UT 84604
1055 N 300 W, Provo, UT, 84604
Contact for pricing
For Sale
Contact for pricing
Opportunity to lease or purchase LLC shares tied to Provo Physician's Tower medical office space.
Property Size5,878 SF
Price / SF$399.80
Days on Market79
Property Features for 1055 N 300 W
General Information
- Standard status
- Active
- Size
- 5,878 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agency
Spark Realty
Listed by
Andy Evans · License #UT
Source
Crexi
Added: May 6 Updated: Jul 22 at 1:53PM Checked: Jul 22 at 1:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Spark Realty
Investment Insights
Based on property information with market context.
This offering provides the ability to lease or purchase LLC shares associated with Provo Physician's Tower, a medical office space. The property is listed for sale and includes an offering structure of available LLC shares, providing an ownership-based path for qualified buyers.
The building is located at 1055 N 300 W in Provo, Utah. The property size is reported as 5,878 square feet. For additional details on the LLC share terms and availability, contact the listing broker.
The building is located at 1055 N 300 W in Provo, Utah. The property size is reported as 5,878 square feet. For additional details on the LLC share terms and availability, contact the listing broker.
Key Highlights
- 1985‑built Provo Physician's Tower medical office building
- Opportunity to lease or purchase LLC shares tied to Provo Physician's Tower medical office space
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.7k | $24.96 |
| − Vacancy | −$12.5k | −$2.12 |
| EGI | $134.2k | $22.84 |
| − OpEx | −$53.7k | −$9.14 |
| NOI | $80.5k | $13.70 |
5,878 SF · lease $24.96/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.15M
$1.01M – $1.34M
NOI $80,546 @ 7.0% cap · market cap 3.43%
Second Best
Office B
$1.06M
$929.4K – $1.24M
NOI $74,351 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,479 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Howard MD ...
Hospital
Utah Valley Regional ...
Hospital
Utah Valley Interventional
Medical Group
Allen R. Fife, ...
Physician
Devan Griner MD
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Opportunity to lease or purchase LLC shares tied to Provo Physician's Tower medical office space.
Where is this medical office space located?
The property is located at 1055 N 300 W Provo, UT.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 1985‑built Provo Physician's Tower medical office building; Opportunity to lease or purchase LLC shares tied to Provo Physician's Tower medical office space
