Property profile

2520 University Ave Provo, UT 84604

OFF-MARKET
Office buildings
Property ID
US86-0531240
9,191 SF 0.49 ac lot Built 1990
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story, 13,486 square foot medical and traditional office building is available for sale at $2,629,770 ($195 per square foot). Built in 1990, the property boasts a prime location on University Avenue, benefiting from high traffic volume (over 30,000 cars daily) and prominent monument signage opportunities. The building features an elevator and is ADA compliant, catering to diverse tenant needs. Currently, 5,350 square feet of space is vacant, offering immediate opportunities for lease or occupancy. Individual suites are available, with a minimum divisible space of 1,971 square feet and a maximum contiguous space of 3,379 square feet. Suite #250, measuring 2,659 square feet, is currently available for lease at $16.75 per square foot. The property's strategic location offers excellent visibility and proximity to Brigham Young University and the Riverside Country Club Golf Course, attracting a desirable professional clientele. The building's single structure comprises multiple tenancies, providing flexibility for various business models. The property's Assessed Parcel Number (APN) is 36:355:0002. This presents a compelling investment opportunity in a thriving area with strong potential for growth and return.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Total area 9,191 SF
Lot 0.49 ac (21,344 SF)
APN 36-355-0002
UPID US86-0531240

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
  • Medical Clinic
  • Crisis Center Medical Clinic
  • Physician
  • Crisis Center Medical Clinic
  • Crisis Center Medical Clinic

Location

2520 University Ave Provo, UT 84604-3804
Provo metro Census 1504 PROVO-OREM, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$625k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2025
Price N/A
2020
Price N/A
2020
Price N/A
2018
Price N/A
1969
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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