Mixed-Use Office and Live-Work
For Sale
$675,000
63 N 300 E, Provo, UT 84606
Downtown Provo building offers office space on main and upper levels with residential allowance in the basement.
Property Size3,560 SF
Price / SF$189.61
Days on Market193
Property Features for 63 N 300 E
General Information
Standard status
Active
Size
3,560 SF
Total Parking Spaces
12
Building Details
Year Built
1949
Listing Agency:
G
Listed By:
Ryan Ashworth
(801) 895-4461
Source:
Redsign
Added: Apr 11
Changed: Oct 3
Last Checked: Oct 5 at 9:47PM
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 G
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Investment Insights
Based on property information with market context.
This mixed-use building has a current configuration designed for one or two business tenants, with approved mixed-use by Provo City. The main floor includes two bathrooms, three offices, and a large conference room, and the upstairs provides an open layout with space for multiple desks. The basement contains five offices with a bathroom, shower, and kitchenette.
The property is located just off Center Street in downtown Provo and includes parking for 12 vehicles behind the building. There is a front entrance providing access to both the main floor and the basement.
With office use on the main floor and upstairs and residential use allowed in the basement, the layout can support flexible tenant configurations depending on the intended operating plan.
The property is located just off Center Street in downtown Provo and includes parking for 12 vehicles behind the building. There is a front entrance providing access to both the main floor and the basement.
With office use on the main floor and upstairs and residential use allowed in the basement, the layout can support flexible tenant configurations depending on the intended operating plan.
Key Highlights
- Provo City‑approved mixed‑use property in Downtown Provo, with current setup for one or two business tenants
- Main floor includes two bathrooms, three offices, and a large conference room
- Upstairs offers open space with room for multiple desks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,030
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,600
$900.6K
Cap Rate 7%
$643,286
$643.3K
Cap Rate 9%
$500,333
$500.3K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$78.2K $21.96/SF
− Vacancy
−$18.1K −$5.09/SF
EGI
$60.0K $16.87/SF
− OpEx
−$15.0K −$4.22/SF
NOI
$45.0K $12.65/SF
Area
Provo, UT
Vacancy
23.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,600
Cap Rate 7%
$643,286
Cap Rate 9%
$500,333
Alternative Uses
Best Use
Office B
$643.3K
$562.9K – $750.5K
NOI $45,030 @ 7.0% cap · market cap 6.67%
Second Best
Mixed Use
$642.2K
$561.9K – $749.2K
NOI $44,952 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$981.8K
$859.1K – $1.15M
NOI $68,729 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,392
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Downtown Provo building offers office space on main and upper levels with residential allowance in the basement.
Where is this office building located?
The property is located at 63 N 300 E Provo, UT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Provo City‑approved mixed‑use property in Downtown Provo, with current setup for one or two business tenants; Main floor includes two bathrooms, three offices, and a large conference room; Upstairs offers open space with room for multiple desks
