Mixed-Use Office
63 N 300 E Provo, UT 84606
For Sale
$675,000
Approved mixed-use building with main-floor and upstairs office space plus residential use in the basement.
Days on Market45
Property Features for 63 N 300 E
General Information
Standard status
Active
Property subtype
Office
Building Details
Year Built
1949
Listing Agency:
G
(801) 895-4461
Listed By:
Ryan Ashworth
(801) 895-4461
Source:
Liftrealty
Added: Jun 16
Changed: Jul 26
Last Checked: Jul 29 at 6:13AM
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
Investment Insights
Based on property information with market context.
This mixed-use property is approved by Provo City and currently configured for one or two business tenants, with residential use allowed in the basement and office use on the main floor and upstairs. The main floor includes two bathrooms, three offices, and a large conference room, with a front entrance serving both the main floor and basement.
Upstairs offers an open space along with three private offices. The basement is set up with five offices and includes a bathroom, shower, and kitchenette. Parking for 12 vehicles is available behind the building, and the current tenant is occupying the main floor through November.
The building’s interior setup supports flexible occupancy across multiple levels, with separate office-focused spaces on the main floor and upper level and additional finished office and residential-ready features in the basement.
Upstairs offers an open space along with three private offices. The basement is set up with five offices and includes a bathroom, shower, and kitchenette. Parking for 12 vehicles is available behind the building, and the current tenant is occupying the main floor through November.
The building’s interior setup supports flexible occupancy across multiple levels, with separate office-focused spaces on the main floor and upper level and additional finished office and residential-ready features in the basement.
Key Highlights
- Approved mixed‑use by Provo city
- Year built 1949 building just off Center Street in downtown Provo
- Main floor includes two bathrooms, three offices, and a large conference room
Financial Insights For Office B
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 | $78.2k | $21.96 |
| − Vacancy | −$18.1k | −$5.09 |
| EGI | $60.0k | $16.87 |
| − OpEx | −$15.0k | −$4.22 |
| NOI | $45.0k | $12.65 |
3,560 SF · lease $21.96/SF/yr · vacancy 23.20% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Approved mixed-use building with main-floor and upstairs office space plus residential use in the basement.
Where is this mixed-use property 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: Approved mixed‑use by Provo city; Year built 1949 building just off Center Street in downtown Provo; Main floor includes two bathrooms, three offices, and a large conference room
