Industrial Flex
For Sale
Contact for pricing
2601 Mountain Vista Pkwy, Provo, UT 84606
Flex/warehouse space features 26’ clear height, wet sprinklers, and grade-level doors with finished offices.
Property Size2,886 SF
Price / SF$230
Days on Market242
Property Features for 2601 Mountain Vista Pkwy
General Information
Standard status
Active
Size
2,886 SF
Property subtype
INDUSTRIAL
Lease Type
NNN
Warehouse & Industrial
Clear Height
26 ft
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Business Included
No
Amenities
storage mezzanine
finished offices
Listing Agency:
Colliers | Utah County
(801) 610-1300
Listed By:
Dan Donaldson
Source:
Moodyscre
Added: Jan 14
Changed: Aug 14
Last Checked: Sep 12 at 9:39AM
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 26’ clear height and wet sprinkler protection. The building is set up with grade-level doors measuring 12’ x 14’ and has 208 volts, 200 amps, 3-phase power. Storage mezzanine area with railing adds additional handling and storage capacity, and the space also includes finished offices for administrative or tenant support uses.
The property is offered for sale with space available in multiple sizes. The project targets a February 2026 occupancy date.
Internally, the combination of clear-height warehouse space, storage mezzanine, and finished office buildout is designed to support operations requiring both storage and on-site work space.
The property is offered for sale with space available in multiple sizes. The project targets a February 2026 occupancy date.
Internally, the combination of clear-height warehouse space, storage mezzanine, and finished office buildout is designed to support operations requiring both storage and on-site work space.
Key Highlights
- Flex/warehouse space available from 2,886 to 10,776 SF
- 26’ clear height with wet sprinkler system
- 12’ x 14’ grade level doors
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
$32,900
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%
$658,000
$658.0K
Cap Rate 7%
$470,000
$470.0K
Cap Rate 9%
$365,556
$365.6K
Market Conditions
NOI Build-Up for 2,886 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
$54.7K $18.96/SF
− Vacancy
−$4.1K −$1.42/SF
EGI
$50.6K $17.54/SF
− OpEx
−$17.7K −$6.14/SF
NOI
$32.9K $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%
$658,000
Cap Rate 7%
$470,000
Cap Rate 9%
$365,556
Alternative Uses
Best Use
Flex RnD
$470.0K
$411.3K – $548.3K
NOI $32,900 @ 7.0% cap · market cap 4.96%
Second Best
Warehouse
$326.4K
$285.6K – $380.8K
NOI $22,845 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$796.0K
$696.5K – $928.6K
NOI $55,717 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pinguino's Gelato | Dessert Catering — 2365 Mountain Vista Ln #2, Provo, UT 84606
- VistaDeli — 2365 Mountain Vista Ln #1, Provo, UT 84606
Frequently Asked Questions
What type of property is this?
Flex space - Flex/warehouse space features 26’ clear height, wet sprinklers, and grade-level doors with finished offices.
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 $663,780.
What are key features of this property?
This property features: Flex/warehouse space available from 2,886 to 10,776 SF; 26’ clear height with wet sprinkler system; 12’ x 14’ grade level doors
