Duplex Live-Work Commercial &
491 S FREEDOM BLVD Unit 104204 Provo, UT 84601
For Sale
$695,000
Up-and-down duplex with a turnkey ground-floor commercial space and a 2-bedroom, 1-bath condo-style unit upstairs.
Property Size2,200 SF
Price / SF$315.91
Days on Market52
Property Features for 491 S FREEDOM BLVD Unit 104204
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2014
Listing Agency:
Real Broker, LLC
(801) 380-7676
Listed By:
Jessica Williams · License #6978485
(801) 380-7676
Source:
Liftrealty
Added: Jun 2
Changed: Jul 23
Last Checked: Jul 23 at 8:47AM
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 Broker, LLC
Investment Insights
Based on property information with market context.
This up-and-down duplex offers a live-where-you-work setup with two distinct levels. The ground floor is a turnkey commercial space, formerly operated as a taco shop, with ready-for-occupancy versatility. The second level is a condo-style residence featuring two bedrooms and one bathroom.
Located in Provo, the property is described as just minutes from BYU and I-15, with nearby shopping and dining. The surrounding area is positioned as a growing housing market.
The configuration supports several everyday use options, including living upstairs while operating a business below, or renting the residential unit for added income. All buyer and buyer’s agent verification is advised, and measurements are provided as courtesy estimates sourced from county records.
Located in Provo, the property is described as just minutes from BYU and I-15, with nearby shopping and dining. The surrounding area is positioned as a growing housing market.
The configuration supports several everyday use options, including living upstairs while operating a business below, or renting the residential unit for added income. All buyer and buyer’s agent verification is advised, and measurements are provided as courtesy estimates sourced from county records.
Key Highlights
- Up‑and‑down duplex built in 2014 with a turnkey ground‑floor commercial space and a 2‑bedroom, 1‑bath condo‑style unit upstairs
- Ground level is a former taco shop commercial space, ready for a new business setup
- Condo‑style upstairs unit offers a 2‑bedroom, 1‑bath layout
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $17.04 |
| − Vacancy | −$937 | −$0.43 |
| EGI | $36.6k | $16.61 |
| − OpEx | −$11.0k | −$4.98 |
| NOI | $25.6k | $11.63 |
2,200 SF · lease $17.04/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$365.5K
$319.8K – $426.4K
NOI $25,586 @ 7.0% cap · market cap 3.68%
Second Best
Multifamily LT 5
$338.8K
$296.5K – $395.3K
NOI $23,716 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$606.8K
$530.9K – $707.9K
NOI $42,473 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Latin Flavor
Restaurant
Olive View Therapy
Crisis Center
Centre You Ketamine
Medical Clinic
The Golden Dandelion
Clothing & Fashion Store
Pressed Floral
Florist
FAQs
What type of property is this?
Duplex - Up-and-down duplex with a turnkey ground-floor commercial space and a 2-bedroom, 1-bath condo-style unit upstairs.
Where is this duplex located?
The property is located at 491 S FREEDOM BLVD Unit 104204 Provo, UT.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Up‑and‑down duplex built in 2014 with a turnkey ground‑floor commercial space and a 2‑bedroom, 1‑bath condo‑style unit upstairs; Ground level is a former taco shop commercial space, ready for a new business setup; Condo‑style upstairs unit offers a 2‑bedroom, 1‑bath layout
