Technical
Financial
Distress signals
Property profile

1800 South Novell Pl Provo, UT 84606

FOR LEASE
Turn key restaurants
Property ID
US86-0229599
26,445 SF 22.94 ac lot Built 2000
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional executive office space in Provo, Utah, offers 48,343 square feet of immediately available sublease space at 1800 S Novell Pl, 84606. The property features a flexible layout, accommodating needs from 10,000 to the entire 48,343 square feet. The space is ideal for businesses seeking a combination of open work areas and private offices, catering to various team sizes and organizational structures. Enjoy breathtaking, unobstructed views of Mount Timpanogos and the Provo skyline from this impressive location. The lease term has approximately four years remaining. Building amenities are extensive and include 24/7 security for peace of mind, an on-site cafeteria for convenient dining, a fitness center to promote employee well-being, bike racks for eco-conscious commuters, an outdoor recreational area for relaxation and team building, electric car charging stations for sustainable transportation, and a generator and UPS backup system ensuring business continuity. This is a rare opportunity to secure high-quality office space in a desirable location with a comprehensive suite of amenities. The property is located in Provo, UT, offering easy access to local amenities and transportation networks. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2000
Total area 26,445 SF
Lot 22.94 ac (999,179 SF)
APN 47-309-0009
UPID US86-0229599

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Graduate School
  • Powder Coating Service
  • Publishing House
  • General Contractor

Location

1800 South Novell Pl Provo, UT 84606
Provo metro Census 980300 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2012
Price N/A
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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