2696 N University Ave, Provo, UT
Office condo near BYU with quality finishes and views.
- Added:
- May 24, 2024
- Days on Market:
- 765
- Last Refresh:
- May 20 at 9:24 pm
Property Features for 2696 N University Ave
General Information
- Standard status
- Active
- Size
- 4,769 SF
- Lot size
- 0.23 Acres
- Property subtype
- OFFICE
Properties For Sale
at 2696 N University Ave Contact us
Listing office Colliers | Utah County (801) 915-0122
Listing date May 24, 2024
Source Moodyscre
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 Colliers | Utah County
HighLights
- Scenic views of Mount Timpanogos
- 4,769 RSF Suite 290 (Condo units 201, 202, 203 and 204)
- Quality finishes: classic brick with high‑quality trim work and detailed craftsmanship
- Close proximity to BYU
- Private restroom
- Breakroom
Overview
Local Financial Insights For Office B
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 | $104.7k | $21.96 |
| − Vacancy | −$24.3k | −$5.09 |
| EGI | $80.4k | $16.87 |
| − OpEx | −$20.1k | −$4.22 |
| NOI | $60.3k | $12.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Provo
- County
- Utah
- State
- Utah
- Longitude
- -111.657
- Latitude
- 40.2691
