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    382 Park Cir Provo, UT 84604

    Sponsored
    For Sale
    $20,000,000

    122,514 SF Office Space - Immediate Occupancy

    Property size:
    122,514 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 122,514 square foot traditional office building, known as Panorama at Riverwoods, presents a significant investment opportunity in Provo, Utah. Located at 382 Park Cir, 84604, this property boasts a modern design with open ceilings and a contemporary buildout. The building is currently available for immediate occupancy and is divisible to accommodate tenants requiring as little as 5,000 square feet of space. The building's layout includes 111,149 rentable square feet spread across four floors, offering flexibility for various business needs. A key feature is the top-floor balcony, providing stunning views and a unique amenity. Ample parking is available, including a limited number of secure underground parking spaces, ensuring convenient access for employees and clients. The asking price for this prime Provo office building is $20,000,000. This property represents a rare chance to acquire a well-designed, highly functional office space in a desirable Utah County location. Its modern features, flexible floor plans, and convenient amenities make it an ideal choice for a variety of businesses seeking a prestigious and functional workspace.

    Property Features for 382 Park Cir

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    122,514 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.6649117
    Latitude
    40.3012148

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    FAQs

    What type of property is this?
    Office Property / Space - 122,514 SF Office Space - Immediate Occupancy
    Where is this office property / space located?
    The property is located at 382 Park Cir Provo, UT.
    What is the asking price?
    The asking price for this property is $20,000,000.
    Request Owner's contact information
    382 Park Cir Provo, UT 84604
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    Provo, UT 84604
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    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
    382 Park Cir Provo, UT 84604
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