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    777 N 500 W Provo UT 84601, Provo, UT 84601

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    Medical Office Space

    Type:Office
    Property size:
    3,024 SF
    Price / SF:
    $160/SF
    Added:
    Aug 27, 2025
    Days on Market:
    306
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 777 N 500 W Provo UT 84601

    General Information

    Standard status
    Active
    Size
    3,024 SF
    Property subtype
    Office

    Building Details

    Year Built
    1980

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    Spencer Croshaw
    Spencer Croshaw

    Listing office Colliers - Pleasant Grove - Utah County, Utah

    Listing date Aug 27, 2025

    Source Crexi

    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 - Pleasant Grove - Utah County, Utah

    HighLights

    • Ideal location in the heart of Doctors Park.
    • Suitable for dental, orthodontic, medical, or other professional service users.
    • Flexible layout.
    • Existing medical finishes.
    • Convenient proximity to surrounding healthcare facilities.
    • Strong value for both owner‑users and investors.

    Local Financial Insights For Healthcare Medical

    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 $75.5k $24.96
    − Vacancy −$6.4k −$2.12
    EGI $69.1k $22.84
    − OpEx −$27.6k −$9.14
    NOI $41.4k $13.70
    3,024 SF · lease $24.96/SF/yr · vacancy 8.50% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $592.0K
    $518.0K – $690.6K (±1% cap)
    NOI $41,438 @ 7.0% cap · market cap 8.54%
    Second Best
    Office B
    $546.4K
    $478.1K – $637.5K (±1% cap)
    NOI $38,250 @ 7.0% cap · market cap 7.89%
    Theoretical Best
    Office A
    $834.0K
    $729.8K – $973.0K (±1% cap)
    NOI $58,381 @ 7.0% cap · market cap 12.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Call R Reed ... Dental Office Intermountain Orthodontic Lab Dental Office Thompson Wade DDS Dental Office Herrod Niles w ... Dental Office Provo Chiropractic Care ... Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.6677893
    Latitude
    40.2439163

    FAQs

    Where is this medical office space located?
    The property is located at 777 N 500 W Provo UT 84601 Provo, UT.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Ideal location in the heart of Doctors Park.; Suitable for dental, orthodontic, medical, or other professional service users.; Flexible layout.
    (801) 702-4689 Call to check price and availability
    More about this property
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