Multi-Level Office Building with
120 East 300 North, Provo, UT 84606
For Sale
Contact for pricing
A three-level professional office building with abundant natural light and paved parking for tenant and visitor convenience.
Property Size12,549 SF
Price / SF$165.75
Days on Market145
Property Features for 120 East 300 North
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Colliers - Pleasant Grove - Utah County, Utah
Listed By:
John Monson · License UT 5502445-SA00
(801) 915-0122
Source:
Crexi
Added: Jun 19
Changed: Oct 31
Last Checked: Nov 10 at 7:08AM
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 - Pleasant Grove - Utah County, Utah
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Investment Insights
Based on property information with market context.
The Delphi Building is a distinctive 12,549 SF professional office property built in 1977. The building is arranged across three functional levels and currently configured as a law office, with a practical mix of reception space, conference room(s), private offices, library areas, kitchen, storage, open workspace, and an unfinished area that can support future flexibility. The main level includes reception, a large conference room, restrooms, private offices, and flexible work areas. The lower level provides two library areas, kitchen, storage, additional office space, and additional unfinished space. The upper level includes five private offices, including north-facing executive offices with floor-to-ceiling windows.
Located in central Provo at 120 East 300 North, the property is positioned on a site with beautifully maintained grounds. The paved lot east of the building includes 33 dedicated parking stalls, and additional street parking is available along 300 North. The adjacent multifamily property may be available for an additional cost. The building is in Provo’s RC Residential Conservation Zone.
This offering fits office users seeking a turn-key, multi-level layout designed for professional services, with areas for reception, collaboration, and private work. Buyers should verify continued office use and zoning requirements with Provo City, along with any future property options related to the adjacent site.
Located in central Provo at 120 East 300 North, the property is positioned on a site with beautifully maintained grounds. The paved lot east of the building includes 33 dedicated parking stalls, and additional street parking is available along 300 North. The adjacent multifamily property may be available for an additional cost. The building is in Provo’s RC Residential Conservation Zone.
This offering fits office users seeking a turn-key, multi-level layout designed for professional services, with areas for reception, collaboration, and private work. Buyers should verify continued office use and zoning requirements with Provo City, along with any future property options related to the adjacent site.
Key Highlights
- Delphi Building: 12,549 SF professional office building at 120 E 300 N in central Provo
- Built in 1977 with three functional levels of office space
- Currently configured as a law office with reception, conference, private offices, library, kitchen, and open workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,732
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,174,640
$3.2M
Cap Rate 7%
$2,267,600
$2.3M
Cap Rate 9%
$1,763,689
$1.8M
Market Conditions
NOI Build-Up for 12,549 SF
Gross rent
$275.6K $21.96/SF
− Vacancy
−$63.9K −$5.09/SF
EGI
$211.6K $16.87/SF
− OpEx
−$52.9K −$4.22/SF
NOI
$158.7K $12.65/SF
Area
Provo, UT
Vacancy
23.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,174,640
Cap Rate 7%
$2,267,600
Cap Rate 9%
$1,763,689
Alternative Uses
Best Use
Office B
$2.27M
$1.98M – $2.65M
NOI $158,732 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,268 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,763
Businesses Nearby
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Business Placement
Demographics for 84606, UT
33,791
Population
11,428
Households
3
Avg Household Size
25
Median Age
45%
College-Educated
95%
High-School Grad
11.6 sq mi
ZIP Area
2,913
Density / Sq Mi
$52,110
Median Household Income
$14,955
Median Earnings
$1,149
Median Rent
$407,600
Median Home Value
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Market
Properties on Market for Office buildings in Utah County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A three-level professional office building with abundant natural light and paved parking for tenant and visitor convenience.
Where is this office building located?
The property is located at 120 East 300 North Provo, UT.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: Delphi Building: 12,549 SF professional office building at 120 E 300 N in central Provo; Built in 1977 with three functional levels of office space; Currently configured as a law office with reception, conference, private offices, library, kitchen, and open workspace
