Warehouse with Finished Office
For Sale
Contact for pricing
2601 Mountain Vista Pkwy, Provo, UT 84606
Industrial flex warehouse features finished offices, wet sprinkler system, 26' clear height, and grade level doors.
Property Size2,934 SF
Price / SF$230
Days on Market63
Property Features for 2601 Mountain Vista Pkwy
General Information
Standard status
Active
Size
2,934 SF
Property subtype
INDUSTRIAL
Lease Type
NNN
Warehouse & Industrial
Clear Height
26 ft
Heavy Power
Yes
Sprinkler System
Yes
Listing Agency:
Colliers | Utah County
(801) 610-1300
Listed By:
Dan Donaldson
Source:
Moodyscre
Added: Jul 13
Changed: Sep 5
Last Checked: Sep 12 at 11:24AM
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
Investment Insights
Based on property information with market context.
This industrial flex warehouse includes finished offices, a storage mezzanine with railing, and a wet sprinkler system. The space offers 26' clear height and grade level doors sized 12' x 14'. Electrical service is listed as 208 volts, 200 amps, 3-phase power.
The property is located at 2601 Mountain Vista Pkwy, Provo, UT 84606, with available space ranging from 2,886 to 10,776 SF. The target occupancy date is February 2026. For sale, pricing is noted as starting at $230–$240 per SF, and the lease rate is listed as $1.35 per SF NNN, with an NNN fee of $0.22.
The property is located at 2601 Mountain Vista Pkwy, Provo, UT 84606, with available space ranging from 2,886 to 10,776 SF. The target occupancy date is February 2026. For sale, pricing is noted as starting at $230–$240 per SF, and the lease rate is listed as $1.35 per SF NNN, with an NNN fee of $0.22.
Key Highlights
- Available space ranges from 2,886 to 10,776 SF
- 26' clear height with wet sprinkler system
- 208 volts, 200 amps, 3‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,447
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$668,940
$668.9K
Cap Rate 7%
$477,814
$477.8K
Cap Rate 9%
$371,633
$371.6K
Market Conditions
NOI Build-Up for 2,934 SF
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.
Gross rent
$55.6K $18.96/SF
− Vacancy
−$4.2K −$1.42/SF
EGI
$51.5K $17.54/SF
− OpEx
−$18.0K −$6.14/SF
NOI
$33.4K $11.40/SF
Area
Provo, UT
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$668,940
Cap Rate 7%
$477,814
Cap Rate 9%
$371,633
Alternative Uses
Best Use
Flex RnD
$477.8K
$418.1K – $557.5K
NOI $33,447 @ 7.0% cap · market cap 4.96%
Second Best
Warehouse
$331.8K
$290.3K – $387.1K
NOI $23,225 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$809.2K
$708.0K – $944.1K
NOI $56,643 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
26 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex warehouse features finished offices, wet sprinkler system, 26' clear height, and grade level doors.
Where is this flex space located?
The property is located at 2601 Mountain Vista Pkwy Provo, UT.
What is the asking price?
The asking price for this property is $674,820.
What are key features of this property?
This property features: Available space ranges from 2,886 to 10,776 SF; 26' clear height with wet sprinkler system; 208 volts, 200 amps, 3‑phase power
