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 Market106
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
Listed By:
Duane Richins
(801) 243-4544
Source:
Liftrealty
Added: Jun 23
Changed: Oct 6
Last Checked: Oct 5 at 6:35PM
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 / Yr
$37,314
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
