561 Lakeview Pkwy Provo, UT 84606
This 14,800-square-foot creative office building in Provo, Utah, presents a compelling owner-user opportunity. Located at 561 E Lakeview Pkwy, 84606, this single-story, Class B building boasts a modern, 2020 renovation. The property features an impressive buildout, including large seating areas, a spacious break room and lounge, and ADA-compliant restrooms. Built in 1995, the structure is constructed of high-efficiency block with a metal roof. The ample parking provides a 74-space-per-1,000-square-foot ratio. Currently vacant, this property is ideally suited for a variety of uses, including high-tech companies, corporate headquarters, or medical offices. The asking price is $2,950,000, representing a price per square foot of $199.32 and a pro-forma cap rate of 9.02%. The pro-forma NOI is $266,000. Low net operating expenses are further enhanced by professional management from the Sterling Square HOA. The property's APN is 66.265.0003 and is owned by Midway Summit, LLC. This exceptional property offers a unique blend of modern amenities and a prime Provo location. The building is well-maintained and ready for immediate occupancy. This is a rare opportunity to acquire a high-quality, well-located office building in a thriving Utah market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.