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Property profile & analytics
OFF-MARKET
Medical Office Space
1735 State St Provo, UT 84604-1010
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US86-0120740
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
14,790 SF
Lot
1.34 ac (58,240 SF)
APN
36-375-0001
UPID
US86-0120740
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
-
Ruff Jon W Employment Agency
-
Reese Loveless Physician
-
Dr. Robert Simmons Physician
-
Bradley Henriksen Ophthalmologist
-
Austin Woolley Ophthalmologist
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
Realty Holdings Lc Parsell · 13 yrs held
Realty Holdings Lc Parsell
since 2012
6 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
$32,943
Tax year 2023
Assessed value
$3,196,800
Assessed 2023
Previous assessed
$3,196,800
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$1,125,300
Improvement market value
$2,071,500
Total market value
$3,196,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
14,790 SF
Lot
1.34 ac (58,240 SF)
APN
36-375-0001
UPID
US86-0120740
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
1991
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Realty Holdings Lc Parsell
Entity
Mailing address
1735 N STATE ST, PROVO, UT 84604-1010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2019
—
Parsell Realty Holdings Lc
—
Deed
related
$2,261,000 · Altabank
Aug 1, 2012
—
Realty Holdings Lc Parsell
Parsell Realty Holdings Lc
Quit Claim Deed
related
$1,610,000 · Bank Of American Fork
Feb 16, 2001
—
Realty Holdings Lc Parsell
Pro-fit Development LLC
Grant Deed
related
$1,533,000 · Far West Federal Bank
Aug 28, 1995
—
Pro-fit Development LLC
Burk,ralph B
Grant Deed
$1,215,000 · Far West Federal Bank
—
—
Parsell Realty Holdings Lc
—
Deed Of Trust
related
$2,261,000 · Altabank
—
—
Realty Holdings Lc Parsell
—
Deed Of Trust
related
$950,000 · Greater Salt Lake Business Dis
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.
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