Office Building with Full
For Sale
$615,000
730 W CENTER ST, Provo, UT 84601
Well-equipped commercial office with a full kitchen, plus separate rental flexibility in the basement.
Property Size2,950 SF
Days on Market60
Property Features for 730 W CENTER ST
General Information
Standard status
Active
Size
2,950 SF
Property subtype
Office
Building Details
Building Size
2,950 SF
Year Built
1905
Listing Agency:
Real Broker, LLC
(801) 243-4544
Listed By:
Duane Richins
(801) 243-4544
Source:
Liftrealty
Added: Jun 23
Changed: Aug 20
Last Checked: Aug 20 at 4:24AM
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 commercial office building is offered for sale with a full kitchen on-site and a basement that can be rented commercially and on Airbnb. The property currently averages $2,000 per month in Airbnb rents, providing additional flexibility alongside the office space. The building is described as having historic charm with modern updates.
Located on Center Street in Provo, the property sits on a generously sized lot with mature landscaping and ample parking. It is positioned for convenience to shopping, dining, parks, recreation, and major transportation routes.
For a tenant, buyer, or operator looking for an office setup with the option to generate separate income from the basement, this configuration may be a practical fit. The combination of a commercial office area and an on-site full kitchen supports day-to-day business use, while the basement rental arrangement can provide a complementary strategy for flexibility under one ownership.
Located on Center Street in Provo, the property sits on a generously sized lot with mature landscaping and ample parking. It is positioned for convenience to shopping, dining, parks, recreation, and major transportation routes.
For a tenant, buyer, or operator looking for an office setup with the option to generate separate income from the basement, this configuration may be a practical fit. The combination of a commercial office area and an on-site full kitchen supports day-to-day business use, while the basement rental arrangement can provide a complementary strategy for flexibility under one ownership.
Key Highlights
- Commercial office space on Center Street in Provo, built in 1905
- Full kitchen on the commercial property
- Basement offers separate rental flexibility, including Airbnb use
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
$37,314
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
6.07%
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%
$746,280
$746.3K
Cap Rate 7%
$533,057
$533.1K
Cap Rate 9%
$414,600
$414.6K
Market Conditions
NOI Build-Up for 2,950 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
$64.8K $21.96/SF
− Vacancy
−$15.0K −$5.09/SF
EGI
$49.8K $16.87/SF
− OpEx
−$12.4K −$4.22/SF
NOI
$37.3K $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 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%
$746,280
Cap Rate 7%
$533,057
Cap Rate 9%
$414,600
Alternative Uses
Best Use
Office B
$533.1K
$466.4K – $621.9K
NOI $37,314 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$416.6K
$364.5K – $486.1K
NOI $29,163 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$813.6K
$711.9K – $949.2K
NOI $56,952 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 84601, UT
33,986
Population
11,673
Households
2.9
Avg Household Size
27
Median Age
33%
College-Educated
86%
High-School Grad
13.3 sq mi
ZIP Area
2,555
Density / Sq Mi
$64,758
Median Household Income
$30,548
Median Earnings
$1,173
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-equipped commercial office with a full kitchen, plus separate rental flexibility in the basement.
Where is this office building located?
The property is located at 730 W CENTER ST Provo, UT.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Commercial office space on Center Street in Provo, built in 1905; Full kitchen on the commercial property; Basement offers separate rental flexibility, including Airbnb use
