Flex Space with Grade-Level
For Sale
Contact for pricing
2601 Mountain Vista Pkwy, Provo, UT 84606
Flex space in Provo with wet sprinklers, finished offices, and grade-level door access with 3-phase power.
Property Size3,546 SF
Price / SF$240
Days on Market30
Property Features for 2601 Mountain Vista Pkwy
General Information
Standard status
Active
Size
3,546 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
26 ft
Power
200 amps
Voltage
208 V
Three-Phase Power
Yes
Sprinkler System
Yes
Listing Agency:
Colliers | Utah County
(801) 610-1300
Listed By:
Dan Donaldson
Source:
Moodyscre
Added: Jul 13
Changed: Jul 31
Last Checked: Aug 10 at 10:49AM
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.
Flex space for sale at 2601 Mountain Vista Pkwy, Provo, UT 84606, offering a warehouse-oriented layout with finished offices. The space includes a storage mezzanine with railing and is served by wet sprinklers, supporting warehouse operations alongside office use.
Available sizes range from 2,886 SF to 10,776 SF, with a clear height of 26 feet. The property is equipped with 12-foot by 14-foot grade-level doors and 208 volts / 200 amps / 3-phase power to support loading and equipment needs. A target occupancy date of February 2026 is noted, with an NNN lease structure referenced for operating-cost handling.
Available sizes range from 2,886 SF to 10,776 SF, with a clear height of 26 feet. The property is equipped with 12-foot by 14-foot grade-level doors and 208 volts / 200 amps / 3-phase power to support loading and equipment needs. A target occupancy date of February 2026 is noted, with an NNN lease structure referenced for operating-cost handling.
Key Highlights
- Available 2,886 SF to 10,776 SF flex space
- Clear height of 26 feet
- 12‑foot by 14‑foot 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
$40,423
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
4.75%
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%
$808,460
$808.5K
Cap Rate 7%
$577,471
$577.5K
Cap Rate 9%
$449,144
$449.1K
Market Conditions
NOI Build-Up for 3,546 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
$67.2K $18.96/SF
− Vacancy
−$5.0K −$1.42/SF
EGI
$62.2K $17.54/SF
− OpEx
−$21.8K −$6.14/SF
NOI
$40.4K $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%
$808,460
Cap Rate 7%
$577,471
Cap Rate 9%
$449,144
Alternative Uses
Best Use
Flex RnD
$577.5K
$505.3K – $673.7K
NOI $40,423 @ 7.0% cap · market cap 4.75%
Second Best
Warehouse
$401.0K
$350.9K – $467.8K
NOI $28,069 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$978.0K
$855.7K – $1.14M
NOI $68,458 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
315
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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- VistaDeli — 2365 Mountain Vista Ln #1, Provo, UT 84606
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space in Provo with wet sprinklers, finished offices, and grade-level door access with 3-phase power.
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 $851,040.
What are key features of this property?
This property features: Available 2,886 SF to 10,776 SF flex space; Clear height of 26 feet; 12‑foot by 14‑foot grade‑level doors
