5152-5255 Edgewood Dr Provo, UT 84604
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.
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
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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.