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 Market705
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
(801) 830-2004
Listed By:
Josh Martin · License #UT 5491995-AB00
Source:
Crexi
Added: Sep 16, 2024
Changed: Aug 8
Last Checked: Aug 20 at 6:24PM
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 = 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
$488,452
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
7.51%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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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
