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Property profile & analytics
FOR LEASE
Flex space
122 East 1700 South Provo, UT 84606
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0664995
For Lease
Contact for pricing
122 East 1700 South, Provo, UT 84606
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Total area
61,426 SF
Lot
16.87 ac (734,901 SF)
APN
47-309-0002
UPID
US86-0664995
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
RMU Center for Communication Disorders Physician
-
The Counseling Clinic at RMU Psychotherapist
-
Rocky Mountain University Eye Institute Medical Clinic
-
Mr. Adam Hickenbotham Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Noorda Clg Of Osteopathic Medicin · 5 yrs held
Noorda Clg Of Osteopathic Medicin
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Provo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Provo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$455,448
Tax year 2023
Assessed value
$44,196,800
Assessed 2023
Previous assessed
$44,196,800
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$8,768,200
Improvement market value
$35,428,600
Total market value
$44,196,800
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1986
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Total area
61,426 SF
Lot
16.87 ac (734,901 SF)
APN
47-309-0002
UPID
US86-0664995
Jurisdiction
UTAH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Lot
16.87 ac
Current owner
From public records · entity-resolved
Noorda Clg Of Osteopathic Medicin
Individual
Free & Clear · 5 yrs held
Mailing address
34 E 1700TH SA100, PROVO, UT 84606-7410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2021
—
Noorda Clg Of Osteopathic Medicin
Nms LLC
Warranty Deed
related
—
Jun 2, 2017
—
Bf Timpanogos Tech Center LLC Etal
—
Grant Deed
related
$43,155,000 · Citibank
Jan 31, 2017
—
Bf Timpanogos Tech Center LLC Etal
East Bay Technology Park LLC
Trustees Deed
$43,155,000 · Private Individual
Jan 5, 2016
—
East Bay Technology Park LLC
Freight Line Properties LLC
Warranty Deed
—
May 30, 2013
—
Freight Line Properties LLC
Fae Holdings 414002r LLC
Warranty Deed
related
—
Oct 23, 2012
—
Fae Holdings 414002r LLC
Novell INC
Grant Deed
related
—
Sep 14, 2012
—
Novell INC
Questar Gas Co
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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