Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3700 N University Ave Provo, UT 84604

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1.53 acre retail pad available for lease or build-to-suit.

    Lot size:
    1.53 Acres

    Property Features for 3700 N University Ave

    General Information

    Lot size
    1.53 Acres

    We can help!

    Listing Contact
    Rob Moore
    Rob Moore
    Source: Moodyscre

    Listing Agent: Rob Moore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Pad for Lease

    A 1.53-acre retail pad is available for lease or build-to-suit. The property has frontage along University Avenue and is located approximately 2 miles north of BYU. The location benefits from traffic counts of 29,000 ADT on University Avenue and 15,000 ADT on 3700 North. Drive-thru retail is a potential use for the site.
    Location Intelligence

    Current Use by Public Records

    Jiffy Lube Oil Change Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.6582428
    Latitude
    40.2827175

    Nearby Similar for Lease

    • Contact for pricing
      47,045 SF

      Provo Commercial Property with Warehouse

      Commercial property with offices, warehouse, and yard space available.
      1964 Ironton Blvd, Provo, UT 84606
      View Details
    • Contact for pricing
      871 SF

      Remodeled Retail Space in Provo

      Newly remodeled retail space with modern design and great visibility.
      2255 N University Pkwy, Provo, UT 84604
      View Details
    • Contact for pricing
      436 SF

      Office Suite in Provo, UT

      Office suite with break room and dual access available for rent.
      3550 N University Ave, Provo, UT 84604
      View Details
    • $1.10 SF/Yr
      12,317 SF

      Spacious Industrial Space in Provo

      12,000 SF industrial space with four ground-level doors.
      2103 S Tracy Hall Pkwy, Provo, UT
      View Details
    • Contact for pricing

      Versatile Industrial Space in Provo

      12,000 sq ft industrial space with four ground-level doors.
      Provo, UT 84606
      View Details
    • $25 SF/Yr
      23,941 SF

      Class A Office Building

      Class A office building with freeway access and on-site amenities.
      1800 South Novell Pl, Provo, UT 84606
      View Details
    • $19 SF/Yr
      3,568 SF

      Furnished Office Space in Provo

      Furnished office space in Provo near BYU and UVU.
      3601 N University Ave, Provo, UT 84604
      View Details
    • $9 SF/Yr
      41,759 SF

      Provo Industrial Flex Space Available

      14,209 SF Flex Space in Provo, UT
      1825 East Bay Blvd, Provo, UT 84601
      View Details
    • Contact for pricing
      120,000 SF

      Modern Flex Space in Provo, Utah

      Brand new flex space, 5,000-120,000 SF available.
      3155 Center St, Provo, UT 84601
      View Details
    • $18 SF/Yr
      36,000 SF

      Lakeview Parkway Industrial Space

      Modern Provo Flex/Warehouse - 36,000 SF
      652 Lakeview Pkwy, Provo, UT 84601
      View Details
    • Contact for pricing
      14,674 SF

      Riverwoods Retail Space For Lease

      Provo, UT: Prime Retail Opportunity
      4801 University Ave, Provo, UT 84601
      View Details
    • $13 SF/Yr
      3,440 SF

      Provo Office Building: 3,440 SF

      Single-tenant office, updated in 2017.
      1881 820, Provo, UT 84601
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.53 acre retail pad available for lease or build-to-suit.
    Where is this commercial land located?
    The property is located at 3700 N University Ave Provo, UT.
    What are key features of this property?
    This property features: - Excellent frontage along University Avenue; - High traffic counts: **29,000 ADT on University Ave**; - Drive-thru retail available
    (801) 947-8300
    Request Owner's contact information
    3700 N University Ave Provo, UT 84604
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3700 N University Ave
    Provo, UT 84604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3700 N University Ave Provo, UT 84604
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rob Moore
    Rob Moore
    (801) 947-8300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.