Auto Service Flex
For Sale
$1,025,000
820 W Columbia Ln, Provo, UT 84604
Steel flex building offers warehouse/shop space with three ground-level overhead doors and dedicated office and reception area.
Property Size3,900 SF
Lot Size0.34 Acres
Price / SF$262.82
Days on Market182
Property Features for 820 W Columbia Ln
General Information
Standard status
Active
Size
3,900 SF
Lot size
0.34 Acres
Additional Details
Drive-In Doors
3
Taxes and HOA fees
Annual Taxes
$4,737
Listing Agency:
In Depth Realty
(801) 576-2564
Listed By:
Jason L Carlson
(801) 879-2900
Source:
Exprealty
Added: Mar 6
Changed: Aug 20
Last Checked: Sep 4 at 10:18AM
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 In Depth Realty
Investment Insights
Based on property information with market context.
Approx. a 3,900 sq ft commercial steel building in Provo includes about 1,025 sq ft of office space and about 2,875 sq ft of warehouse/shop area. The building features a reception area, private offices, and a restroom, along with three ground-level overhead doors and high-clearance bays designed to support vehicle and equipment access.
Set on a 0.34-acre lot, the property includes a paved yard and on-site parking. The available yard and interior configuration make it well-suited for auto repair, automotive service, contractor use, fabrication, light industrial, or storage.
Information provided is believed reliable, but buyer should verify all details, including the exact measurements and suitability for intended uses.
Set on a 0.34-acre lot, the property includes a paved yard and on-site parking. The available yard and interior configuration make it well-suited for auto repair, automotive service, contractor use, fabrication, light industrial, or storage.
Information provided is believed reliable, but buyer should verify all details, including the exact measurements and suitability for intended uses.
Key Highlights
- Approx. 3,900 SF commercial steel building in Provo with 1,025 SF office and 2,875 SF warehouse/shop space
- Warehouse/shop features three ground‑level overhead doors and high‑clearance bays for vehicles and equipment
- Office includes reception area, private offices, and a restroom
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
$45,356
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
4.42%
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%
$907,120
$907.1K
Cap Rate 7%
$647,943
$647.9K
Cap Rate 9%
$503,956
$504.0K
Market Conditions
NOI Build-Up for 3,900 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
$66.5K $17.04/SF
− Vacancy
−$1.7K −$0.43/SF
EGI
$64.8K $16.61/SF
− OpEx
−$19.4K −$4.98/SF
NOI
$45.4K $11.63/SF
Area
Provo, UT
Vacancy
2.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$907,120
Cap Rate 7%
$647,943
Cap Rate 9%
$503,956
Alternative Uses
Best Use
Retail
$647.9K
$567.0K – $755.9K
NOI $45,356 @ 7.0% cap · market cap 4.42%
Second Best
Flex RnD
$635.1K
$555.7K – $741.0K
NOI $44,459 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.08M
$941.2K – $1.25M
NOI $75,293 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,464
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
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Marvellous Catering — 765 W Columbia Ln, Provo, UT 84604
- Firehouse Subs Bulldog Blvd. — 64 Bulldog Ln, Provo, UT 84604
Frequently Asked Questions
What type of property is this?
Flex space - Steel flex building offers warehouse/shop space with three ground-level overhead doors and dedicated office and reception area.
Where is this flex space located?
The property is located at 820 W Columbia Ln Provo, UT.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Approx. 3,900 SF commercial steel building in Provo with 1,025 SF office and 2,875 SF warehouse/shop space; Warehouse/shop features three ground‑level overhead doors and high‑clearance bays for vehicles and equipment; Office includes reception area, private offices, and a restroom
