Assisted Living Campus with
For Sale
$6,900,000
1530 S 500 W, Provo, UT 84601
Single-level care facilities include a commercial kitchen, dining hall, and enclosed landscaped outdoor areas.
Property Size25,019 SF
Lot Size2.77 Acres
Days on Market9
Property Features for 1530 S 500 W
General Information
Standard status
Active
Size
25,019 SF
Lot size
2.77 Acres
Property subtype
Hotel/Motel
Amenities
timber-truss portico
stone columns
sculptural fountain
commercial kitchen
walk-in fridge and freezer
pantry
vent hood systems
dining hall
recreation spaces
courtyards
walking paths
mature shade trees
dry creek bed
covered pavilions
mountain views
Building Details
Building Size
25,019 SF
Year Built
1973
Stories
1
Listing Agency:
Real Estate Essentials (St George)
Listed By:
Tony Zambrano
(801) 598-8069
Source:
Liftrealty
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 6:06PM
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 Real Estate Essentials (St George)
Investment Insights
Based on property information with market context.
This 62-bed assisted living campus is arranged on a single level and was built in 1973. The interior includes a commercial kitchen with a walk-in refrigerator and freezer, pantry space, vent hood systems, and a dining hall, along with recreation areas. Private landscaped courtyards feature walking paths, mature shade trees, a dry creek bed, and covered pavilions.
The campus occupies 2.77 acres in an established neighborhood in Provo, Utah. The grounds also include a timber-truss entry portico, stone columns, and a fountain.
The campus occupies 2.77 acres in an established neighborhood in Provo, Utah. The grounds also include a timber-truss entry portico, stone columns, and a fountain.
Key Highlights
- 62‑bed assisted living campus
- Single‑level layout
- 2.77 acres in an established Provo neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$247,331
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,946,620
$4.9M
Cap Rate 7%
$3,533,300
$3.5M
Cap Rate 9%
$2,748,122
$2.7M
Market Conditions
NOI Build-Up for 25,019 SF
Gross rent
$474.4K $18.96/SF
− Vacancy
−$24.7K −$0.99/SF
EGI
$449.7K $17.97/SF
− OpEx
−$202.4K −$8.09/SF
NOI
$247.3K $9.89/SF
Area
Provo, UT
Vacancy
5.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,946,620
Cap Rate 7%
$3,533,300
Cap Rate 9%
$2,748,122
Alternative Uses
Best Use
Apartment 5plus
$3.53M
$3.09M – $4.12M
NOI $247,331 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.90M
$6.04M – $8.05M
NOI $483,012 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84601, UT
33,986
Population
11,673
Households
2.9
Avg Household Size
27
Median Age
33%
College-Educated
86%
High-School Grad
13.3 sq mi
ZIP Area
2,555
Density / Sq Mi
$64,758
Median Household Income
$30,548
Median Earnings
$1,173
Median Rent
$370,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Single-level care facilities include a commercial kitchen, dining hall, and enclosed landscaped outdoor areas.
Where is this assisted living facility located?
The property is located at 1530 S 500 W Provo, UT.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 62‑bed assisted living campus; Single‑level layout; 2.77 acres in an established Provo neighborhood
