723 Columbia Ln, Provo, UT 84604

Building Details

Year Built 1987 More

Listing Agency: Colliers | Utah County Show Phone

Listed By: Brandon Huntsman Show Phone

Source: Moodyscre

Added: Jul 14 Changed: Nov 4 Last Checked: Nov 10 at 10:19AM

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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

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Investment Insights

Based on property information with market context.

This flex and warehouse property was built in 1987 and is offered as Parcel # 19:061:0093 & 0094. The facility includes warehouse clear height of 11'10'', along with a grade-level door measuring 10' x 10'. The property sits on two lot sizes totaling 0.30 and 0.10 acres.

Located at 723 Columbia Ln in Provo, UT, the site is described as being one block off State Street. The property is listed as an ideal fit for flex and retail users, with availability beginning January 2026.

Key Highlights

• Warehouse flex space built in 1987
• 11'10'' warehouse clear height
• Includes a 10' x 10' grade‑level door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,752

Cap Rate

5.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,595,040 $1.6M

Cap Rate 7%

$1,139,314 $1.1M

Cap Rate 9%

$886,133 $886.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,996 SF

Gross rent

$132.6K $18.96/SF

− Vacancy

−$9.9K −$1.42/SF

EGI

$122.7K $17.54/SF

− OpEx

−$42.9K −$6.14/SF

NOI

$79.8K $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 Rate 5%

$1,595,040

Cap Rate 7%

$1,139,314

Cap Rate 9%

$886,133

Alternative Uses

Best Use

Flex RnD

$1.14M

$996.9K – $1.33M (±1% cap)

NOI $79,752 @ 7.0% cap · market cap 5.07%

Second Best

Warehouse

$791.1K

$692.2K – $923.0K (±1% cap)

NOI $55,378 @ 7.0% cap · market cap 3.52%

Theoretical Best

Office A

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $135,063 @ 7.0% cap · market cap 8.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Adventure Time Preschool ... Daycare Center

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Law Firm Hair Salon Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11 ft

Clear height

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

2,850

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 84604, UT

45,503

Population

13,285

Households

3.4

Avg Household Size

26

Median Age

56%

College-Educated

98%

High-School Grad

94.8 sq mi

ZIP Area

480

Density / Sq Mi

$74,522

Median Household Income

$16,799

Median Earnings

$1,128

Median Rent

$520,500

Median Home Value

Market

Average Price Trend$/SF for Flex space in Utah County, UT

$263 Jul

$208 Aug

$234 Sep

$255 Oct

Properties on Market for Flex space in Utah County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - 1987-built warehouse flex space with 11'10'' clear height and a 10' x 10' grade-level door, available January 2026.

Where is this flex space located?

The property is located at 723 Columbia Ln Provo, UT.

What is the asking price?

The asking price for this property is $1,574,100.

What are key features of this property?

This property features: Warehouse flex space built in 1987; 11'10'' warehouse clear height; Includes a 10' x 10' grade‑level door