Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    5152-5255 Edgewood Dr Provo, UT 84604

    Sponsored
    For Sale
    $29,800,000

    Prestigious Office Park, High Occupancy, Strong NOI

    Property size:
    185,382 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Provo, Utah's thriving Riverwoods Business Park. This premier office complex boasts 185,382 square feet across three, three-story buildings constructed between 1994 and 2001, situated on a 14.581-acre lot. The property currently enjoys a 95% occupancy rate, generating a substantial net operating income (NOI) of $2,683,586, resulting in a compelling 9% capitalization rate. Priced at $29,800,000 ($160.75 per square foot), this offering presents a significant value proposition well below replacement cost. The park's prime location offers stunning mountain views and convenient access to numerous restaurants and retail amenities at the Shops at Riverwoods. Underground parking is a rare and valuable feature. Its proximity to Brigham Young University and Utah Valley University provides an unparalleled advantage for employee recruitment and retention, further enhanced by its surrounding prestigious residential developments and diverse housing options. This irreplaceable asset is located in one of the nation's most dynamic markets, making it an exceptional investment opportunity.

    Property Features for 5152-5255 Edgewood Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    185,382 SF
    Lot Size
    635,148 SF

    Building Details

    Buildings
    3
    Stories
    3

    HighLights

    • Riverwoods Business Park
    • 185,382 square feet
    • Built in 1994, 2000, and 2001
    • Three buildings on a 14.58‑acre site (three parcels)
    • Three‑story buildings
    • $29,800,000 purchase price
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.6569002
    Latitude
    40.3022605

    Nearby Similar for Sale

    • $822,900
      2,930 SF

      BYU-Adjacent Duplex Investment Opportunity

      7-bedroom duplex near BYU, ideal for student housing.
      466 N 200 E, Provo, UT 84606
      View Details
    • $925,000
      4,716 SF

      Provo Fourplex Investment Opportunity

      Fully leased fourplex near BYU with reliable tenants.
      168 S 300 E, Provo, UT 84606
      View Details
    • $799,900
      3,232 SF

      Remodeled Duplex in Provo

      Stylish, updated duplex in a friendly neighborhood, great investment opportunity.
      2241 N 1060 W, Provo, UT 84604
      View Details
    • $909,000
      2,417 SF

      Updated Fourplex Near BYU

      Four-unit multifamily property with updated interiors and on-site laundry.
      489 S 500 E, Provo, UT 84606
      View Details
    • $750,000
      7,768 SF

      Provo Duplex with Expansion Potential

      Rare Provo duplex with potential to add two more units.
      389 W 500 S, Provo, UT 84601
      View Details
    • $700,000
      2,200 SF

      Provo Duplex: Mixed-Use Investment

      Mixed-use duplex in Provo near BYU with commercial and residential.
      491 S Freedom Blvd, Provo, UT 84601
      View Details
    • $525,000
      1,225 SF

      Provo Duplex Investment Opportunity

      Turn-key duplex in prime Provo location with immediate cash flow.
      1021 W 100 N, Provo, UT 84601
      View Details
    • $489,900
      1,500 SF

      Provo Duplex with ADU

      Remodeled duplex with ADU, ideal for investors or owner-occupants.
      810 N 600 W, Provo, UT 84604
      View Details
    • $900,000
      0.33 Acres

      Provo Warehouse/Flex Space Opportunity

      Rare warehouse/flex space in downtown Provo with industrial zoning.
      44 E 400 S, Provo, UT 84606
      View Details
    • $389,900
      1,368 SF

      Duplex in West Provo

      Duplex in west Provo, excellent investment opportunity.
      270 S 900 W, Provo, UT 84601
      View Details
    • $495,000
      1,872 SF

      Provo Duplex on Oversized Lot

      Duplex in west Provo with development potential on large lot.
      159 S 900 W, Provo, UT 84601
      View Details
    • $2,300,000
      13,450 SF

      Adaptable Building in Provo Opportunity Zone

      Mid-century modern building with high ceilings and flexible space.
      1030 S State St, Provo, UT 84606
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Office Park, High Occupancy, Strong NOI
    Where is this office property / space located?
    The property is located at 5152-5255 Edgewood Dr Provo, UT.
    What is the asking price?
    The asking price for this property is $29,800,000.
    What are key features of this property?
    This property features: Riverwoods Business Park; 185,382 square feet; Built in 1994, 2000, and 2001
    (801) 947-8300
    Request Owner's contact information
    5152-5255 Edgewood Dr Provo, UT 84604
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5152-5255 Edgewood Dr
    Provo, UT 84604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5152-5255 Edgewood Dr Provo, UT 84604
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.