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Property profile & analytics
OFF-MARKET
Retail space

290 University Ave Provo, UT 84601-2821

11,184 SF 0.22 ac lot Built 1944
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US86-0076486
Property summary
AI-generated overview

This exceptional office building, located at 290 N University Ave in Provo, Utah, offers a variety of flexible spaces ideal for businesses of all sizes. The 10,642 square foot building features a mix of creative and traditional office layouts, currently boasting 6,789 square feet of available space. The available space is divisible, with options including a first-floor suite of 1,634 square feet and a second-floor suite of 5,155 square feet. The building boasts modern amenities, including exposed ceilings that allow for abundant natural light, three conference rooms, eight private offices, and two breakrooms. There is also open space perfect for creating collaborative work areas and workstations. The property's prime location on University Avenue in Utah County provides excellent visibility and accessibility, complemented by ample parking for tenants and visitors. The lease rate is $21.00 per square foot, NNN. This is a fantastic opportunity to secure high-quality office space in a vibrant and convenient location. The building's multiple tenancy structure offers flexibility for various business needs. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1944
Total area 11,184 SF
Lot 0.22 ac (9,583 SF)
APN 05-036-0009
UPID US86-0076486
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
  • Relic Agency Advertising Agency Marketing & Advertising
  • Heirloom Catering - Utah Catering Company Take-out & Catering Catering Service
  • Central Utah Hypnosis Center Alternative Medicine Practice
  • EKR Advertising Agency Marketing & Advertising
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
by Request
Owner & transaction history
University Building LLC · 14 yrs held
University Building LLC
since 2012
7 recorded transactions
2021
Price N/A
2017
Price N/A
2012
Price N/A
2010
Price N/A
2004
Price N/A
2004
Price N/A
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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