Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Nec State St & 1230 Provo, UT 84604

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Target-anchored retail space, multiple units available.

    Lot size:
    20,916 SF

    Property Features for 0 Nec State St & 1230

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,916 SF

    Spaces For Lease

    at 0 Nec State St & 1230, Provo, UT 84604 Contact us

    We can help!

    Listing Contact
    Garrett Blomquist
    Garrett Blomquist

    Listing Agency: Mountain West CRE Listing Agent: Garrett Blomquist

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Riverside Plaza, a thriving retail center in Provo, Utah, presents an exceptional investment opportunity. This Target-anchored shopping center boasts a total of 20,916 square feet of leasable space, with three units currently available. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 16,954 square feet, offering flexibility for various retail concepts. The center benefits from its strategic location, enjoying high traffic counts and excellent proximity to Brigham Young University (BYU), ensuring a consistent flow of potential customers. This prime location within Utah County provides access to a large and diverse consumer base. The property is offered on a net lease basis, with a competitive annual rate of $6.50 per square foot. This attractive lease structure minimizes operational burdens and maximizes return on investment. The center's strong anchor tenant and desirable location make it an ideal investment for discerning buyers seeking a stable and profitable retail property in a vibrant market. The available spaces provide a unique opportunity to establish a presence in a high-traffic, university-adjacent location. Serious inquiries are encouraged to explore this exceptional retail investment opportunity further.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.6674544
    Latitude
    40.2506908

    Nearby Similar for Lease

    • Contact for pricing
      871 SF

      Remodeled Retail Space in Provo

      Newly remodeled retail space with modern design and great visibility.
      2255 N University Pkwy, Provo, UT 84604
      View Details
    • Contact for pricing
      47,045 SF

      Provo Commercial Property with Warehouse

      Commercial property with offices, warehouse, and yard space available.
      1964 Ironton Blvd, Provo, UT 84606
      View Details
    • Sponsored
      Contact for pricing

      Downtown Provo

      Workspaces, services and support to help you work better in Miami Downtown
      180 University Ave, Provo, UT 84601
      View Details
    • $13 SF/Yr
      422 SF

      Office Space with Mountain Views

      Office space suitable for medical or general business use.
      3521 N University Ave, Provo, UT 84604
      View Details
    • $1,200 /Mo
      1,000 SF

      Office Space in Provo Available

      1,000 SF office space for lease in Provo, Utah.
      455 N University Ave, Provo, UT 84601
      View Details
    • $19 SF/Yr
      6,000 SF

      Well-Designed Office Space Available

      Modern office space with ample seating, parking, and furniture.
      5314 N 250 W, Provo, UT 84604
      View Details
    • $25 SF/Yr
      2,500 SF

      Restaurant Space Near BYU Campus

      Restaurant space with existing hood and grease trap for lease.
      223-289 Cougar Blvd, Provo, UT
      View Details
    • $1,500 /Mo
      1,800 SF

      Office Space with Natural Light

      Office suites available immediately with fiber internet and natural light.
      363 North University Ave, Provo, UT 84601
      View Details
    • $13 SF/Yr
      1,436 SF

      Provo Office Space For Rent

      Office space with breakroom, mountain views, and ample parking.
      3585 N University Ave, Provo, UT 84604
      View Details
    • $1,950 /Mo
      650 SF

      Functional Office Space For Rent

      Office space with shared parking and ADA accessibility.
      356 N 100 W, Provo, UT 84606
      View Details
    • Contact for pricing
      3,394 SF

      Retail Space Near University

      Inline retail space anchored by Walmart near BYU and UVU.
      2235 N University Pkwy, Provo, UT 84604
      View Details
    • Contact for pricing

      Versatile Industrial Space in Provo

      12,000 sq ft industrial space with four ground-level doors.
      Provo, UT 84606
      View Details

    FAQs

    What type of property is this?
    Retail property - Target-anchored retail space, multiple units available.
    Where is this retail property located?
    The property is located at Nec State St & 1230 Provo, UT.
    What are key features of this property?
    This property features: Target-anchored retail center in Provo, UT.; High traffic counts.; Excellent proximity to Brigham Young University (BYU).
    (801) 727-4414 Call to check price and availability
    Request Owner's contact information
    Nec State St & 1230 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.
    Nec State St & 1230
    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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Nec State St & 1230 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Garrett Blomquist
    Garrett Blomquist
    Real Estate License ID: 6647527-SA00
    (801) 727-4414 (801) 456-8800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!