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Property profile & analytics
OFF-MARKET
Warehouses
156 500th S 2 Provo, UT 84601-4511
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0244823
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1948
Total area
14,372 SF
Lot
0.69 ac (30,056 SF)
APN
04-020-0004
UPID
US86-0244823
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
-
Rugged Grounds Cafe & Coffee Shop
-
Abbott Art Studio Art Studio
-
Broadway Motors Car Dealership
-
Steel Craft Utah Factory Production Facility
-
Pepperhouse Housing Development
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
Provo Commons LLC · 3 yrs held
Provo Commons LLC
since 2022
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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,650
Tax year 2024
Assessed value
$753,000
Assessed 2024
Previous assessed
$753,000
+0.0% YoY
Effective rate
1.02%
On assessed value
Land market value
$521,700
Improvement market value
$231,300
Total market value
$753,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1948
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
14,372 SF
Lot
0.69 ac (30,056 SF)
APN
04-020-0004
UPID
US86-0244823
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
1948
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Provo Commons LLC
Entity
Free & Clear · 3 yrs held
Mailing address
775 W 1200TH N STE #100, SPRINGVILLE, UT 84663-3070
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Dec 27, 2022
—
Provo Commons LLC
154 West 500 South LLC
Special Warranty Deed
—
Dec 9, 2021
—
156 West 500 South LLC
Five Plus One Sp LLC
Warranty Deed
$800,000 · Five Plus One Sp LLC
Feb 26, 2014
—
Five & One LLC
Architectural Woodwork & Speci
Warranty Deed
$367,000 · Architectural Woodwork & Speci
Jul 5, 2011
$387,165
Woodwork Architectural
Jeffs,david D
Trustees Deed
—
Feb 6, 2007
—
Victor A Gutierrez
Architectural Woodwork & Speci
Warranty Deed
$450,000 · Architectural Woodwork & Speci
Apr 6, 1995
—
Woodwork Architechural
Ferres Mill & Supply INC
Grant Deed
$71,254 · Far West Federal Bank
—
—
Woodwork Architectural
—
Deed Of Trust
related
$50,000 · Far West Federal Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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