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Property profile & analytics
OFF-MARKET
Retail space
271 University Ave Provo, UT 84601-2836
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US86-0704527
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Total area
1,687 SF
Lot
0.04 ac (1,742 SF)
APN
04-084-0012
UPID
US86-0704527
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
-
The Wick Lab Home Decor Store
-
Devin's Emergency Roofers LLC Roofing Company General Contractor
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
William J Shenk · 7 yrs held
William J Shenk
since 2019
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
$2,178
Tax year 2023
Assessed value
$211,400
Assessed 2023
Previous assessed
$211,400
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$108,700
Improvement market value
$102,700
Total market value
$211,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
1,687 SF
Lot
0.04 ac (1,742 SF)
APN
04-084-0012
UPID
US86-0704527
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
1957
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
William J Shenk
Individual
Mailing address
242 N UNIVERSITY AVE STE #208, PROVO, UT 84601-2859
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2019
—
William J Shenk
Billiejo Ventures LLC
Warranty Deed
—
Sep 9, 2016
—
Billiejo Ventures LLC
—
Deed
related
$158,000 · The First National Bank Of Layton
Jun 3, 2016
—
Billiejo Ventures LLC
Cloward 270 LLC
Warranty Deed
—
Sep 18, 2014
—
Cloward 270 LLC
Cloward Burke & D Trust
Quit Claim Deed
related
—
Apr 11, 2014
—
Convicted Ink Tattoo LLC
Cloward,rodney & Rick
Warranty Deed
$278,000 · Rodney & Rick Cloward
Apr 28, 2009
—
Cloward,burke & Dorothy Family Trust
Cloward,burke J & Dorothy
Quit Claim Deed
related
—
Apr 1, 2005
—
Cloward,rodney & Rick
Cloward Const Company Psp
Quit Claim Deed
related
—
—
—
Billiejo Ventures LLC
—
Deed Of Trust
related
$158,000 · First Nat'l Bk/layton
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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