Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    240 W Cougar Blvd Provo, UT

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,300 SF restaurant space with drive-thru near BYU.

    Type:RETAIL
    Property size:
    3,300 SF
    Lot size:
    0.46 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    196
    Last Refresh:
    Apr 1 at 10:58 pm

    Property Features for 240 W Cougar Blvd

    General Information

    Standard status
    Active
    Size
    3,300 SF
    Lot size
    0.46 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 240 W Cougar Blvd Contact us

    We can help!

    Listing Contact
    Troy Hardy
    Troy Hardy

    Listing agent Troy Hardy

    Listing office Mountain West - Corporate

    Listing date Sep 22, 2025

    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 Mountain West - Corporate

    Overview

    Restaurant Space Near BYU

    This is a 3,300 square foot second-generation restaurant space available for rent. A key feature is the existing drive-thru. The property is located adjacent to BYU and includes Cougar Boulevard signage. It is suitable for drive-through restaurants, restaurants, and retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Storage Facility Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service Parking Lot & Garage Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.726
    Latitude
    40.2129

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Downtown Provo

      180 University Ave, Unit 270, Provo, UT 84601
      View Details
    • Contact for pricing

      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

      Remodeled Retail Space in Provo

      Newly remodeled retail space with modern design and great visibility.
      2255 N UNIVERSITY Pkwy unit: 25, Provo, UT 84604
      View Details
    • $25/mo

      Class A Office Building

      Class A office building with freeway access and many amenities.
      1800 South Novell Place, Provo, UT, 84606
      View Details
    • Contact for pricing

      Office Space with Natural Light

      Office suites available immediately with fiber internet and natural light.
      363 North University Avenue, Provo, UT
      View Details
    • $19/mo

      Downtown Provo Retail Space Available

      Rare 5,460 SF retail space in downtown Provo.
      286 W Ctr St, Provo, UT
      View Details
    • $19/mo

      Well-Designed Office Space Available

      Modern office space with ample seating, parking, and furniture.
      5314 N 250 W, Provo, UT
      View Details
    • $32/mo

      Medical Office Space Available

      Medical office space for rent near Utah Valley Hospital.
      1055 N 500 W, Provo, UT 84604
      View Details
    • Contact for pricing

      Office Space in Provo Available

      1,000 SF office space for lease in Provo, Utah.
      455 N University Ave, Provo, UT
      View Details
    • $25/mo

      Restaurant Space Near BYU Campus

      Restaurant space with existing hood and grease trap for lease.
      223-289 Cougar Boulevard, Provo, UT
      View Details
    • Contact for pricing

      Retail/Office Space in Provo

      Main level retail/office unit with high visibility.
      201-491 South Freedom Boulevard, Provo, UT
      View Details
    • Contact for pricing

      Modern Industrial Property with Leased Tenants

      Modern industrial property fully leased to Swig and Built brands.
      3715 S Tracy Hall Pkwy, Provo, UT
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 3,300 SF restaurant space with drive-thru near BYU.
    Where is this drive through restaurant located?
    The property is located at 240 W Cougar Blvd Provo, UT.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: Existing drive‑thru for your convenience.; Adjacent to BYU, offering great exposure.; 3,300 SF second generation restaurant, ready for your concept.
    (801) 456-8800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Troy Hardy
    Troy Hardy
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!