Warehouse with Showroom For
For Sale
Contact for pricing
85 E Bay Blvd, Provo, UT 84606
Owner-occupied warehouse with showroom centrally located near University Avenue.
Property Size42,000 SF
Lot Size2.46 Acres
Price / SF$154.76
Days on Market751
Property Features for 85 E Bay Blvd
General Information
Standard status
Active
Size
42,000 SF
Lot size
2.46 Acres
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
1987
Stories
1
Units
1
Listing Agency:
Colliers - Pleasant Grove - Utah County, Utah
Listed By:
Josh Martin · License #UT 5491995-AB00
(801) 830-2004
Source:
Crexi
Added: Sep 16, 2024
Changed: Sep 21
Last Checked: Oct 5 at 5:30PM
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
Investment Insights
Based on property information with market context.
This owner-occupied warehouse with showroom, constructed in 1987, is situated on a 2.46-acre lot. The building offers between 22,500 and 42,000 square feet of space with clear heights ranging from 12 to 20 feet. It features two dock doors equipped with levelers and two grade-level doors. The property includes 70 parking stalls and is equipped with a 3-phase power supply at 540 Amps and 160 Volts. A wet sprinkling system is in place. Zoned as PIC (Provo City Planned Industrial Commercial), the property is centrally located within walking distance of numerous amenities and provides immediate access to the University Avenue I-15 interchange.
Key Highlights
- Centrally located with walking distance to amenities and immediate access to I‑15 via University Ave.
- Building Size: 22,500 - 42,000 SF
- Lot Size: 2.46 AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$488,452
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,769,040
$9.8M
Cap Rate 7%
$6,977,886
$7.0M
Cap Rate 9%
$5,427,244
$5.4M
Market Conditions
NOI Build-Up for 42,000 SF
Gross rent
$715.7K $17.04/SF
− Vacancy
−$17.9K −$0.43/SF
EGI
$697.8K $16.61/SF
− OpEx
−$209.3K −$4.98/SF
NOI
$488.5K $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 Rate 5%
$9,769,040
Cap Rate 7%
$6,977,886
Cap Rate 9%
$5,427,244
Alternative Uses
Best Use
Retail
$6.98M
$6.11M – $8.14M
NOI $488,452 @ 7.0% cap · market cap 7.51%
Second Best
Warehouse
$4.75M
$4.16M – $5.54M
NOI $332,460 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$11.58M
$10.14M – $13.51M
NOI $810,843 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84606, UT
33,791
Population
11,428
Households
3
Avg Household Size
25
Median Age
45%
College-Educated
95%
High-School Grad
11.6 sq mi
ZIP Area
2,913
Density / Sq Mi
$52,110
Median Household Income
$14,955
Median Earnings
$1,149
Median Rent
$407,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Owner-occupied warehouse with showroom centrally located near University Avenue.
Where is this warehouse located?
The property is located at 85 E Bay Blvd Provo, UT.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Centrally located with walking distance to amenities and immediate access to I‑15 via University Ave.; Building Size: 22,500 - 42,000 SF; Lot Size: 2.46 AC
