Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3325 N University Ave Provo, UT 84604
    Back to Search
    Property profile & analytics

    3325 N University Ave, Provo, UT 84604

    View on Map
    • Office buildings
    • 18,684 SF
    • 0.89 lot acres
    For Lease
    $13 SF/Yr
    View Listing →
    Office Space For Lease For Lease
    $13 SF/Yr

    Office Space For Lease

    Office space available for lease in Provo, Utah.

    3325 N University Ave, Provo, UT 84604
    View Listing
    Property ID
    US86-0238928
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jerry Clark, DC / Alternative Medicine Practice
    • Wasatch Priority Health / Medical Clinic
    • Counseling Associates of Utah / Crisis Center / Medical Clinic
    • BridgeHope Family Therapy / Mental Health Clinic / Mental Health Service
    • Nicole L. Zenger, PHD / Physician / Medical Clinic

    Property Details for 3325 N University Ave

    Year built
    1990
    Lot size
    0.89 lot acres
    Property type
    Office buildings
    APN
    43-037-0003
    APU
    430370003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 13, 2019 — Harris,joy K Living Trust Bunderson,c Victor & Joyce Quit Claim Deed · related —
    Aug 23, 2006 — Jamestown Square Assocs LLC Jamestown Square Associates Quit Claim Deed $3.1M · Nationwide Life Insurance Co
    — — Jamestown Square Assocs LLC — Deed Of Trust · related $7.1M · Miscellaneous Ins Co
    — — Jamestown Square Associates — Deed Of Trust · related $4.7M · John Hancock Mutual Life Ins

    Description

    This exceptional three-story office building, situated at 3325 N University Ave in Provo, Utah, presents a fantastic leasing opportunity. The Jamestown Square - Clocktower Building, constructed in 1986, offers a total of 7,271 square feet of traditional office space, with a minimum divisible unit of 736 square feet and a maximum contiguous space of 3,280 square feet. Currently, 4,016 square feet is available for lease. The building is conveniently located in the Utah County Central submarket and sits on a 0.89-acre lot. Features include an elevator for easy access to all three floors. This property is ideal for businesses seeking flexible and well-located office space in Provo. The building's traditional office design provides a professional and functional environment. The address is easily accessible and offers ample visibility. The available space is adaptable to various business needs, making it a versatile option for companies of different sizes. The building's location within the Utah County Central submarket provides access to a thriving business community and convenient amenities. Interested parties are encouraged to inquire about leasing options and explore the possibilities this prime Provo office space offers. The zip code is 84604.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.659
    Latitude
    40.279
    CBSA code
    39340
    CBSA name
    PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,520
    $0.00
    $0.00
    $2,961,700
    -
    $826,400
    $2,135,300
    $2,961,700

    Comparable in this City

    • Value Estimation by Request
      10,979 SF

      3707 Cyn Rd

      OFFICE BUILDING
      3707 Cyn Rd, Provo, UT 84604-4592
      View Details
    • Value Estimation by Request
      55,287 SF

      5152 Edgewood Dr

      OFFICE BUILDING
      5152 Edgewood Dr, Provo, UT 84604-5680
      View Details
    • Value Estimation by Request
      796 SF

      1675 Freedom Blvd Ste 10d

      OFFICE BUILDING
      1675 Freedom Blvd Ste 10d, Provo, UT 84604-6901
      View Details
    • Value Estimation by Request
      15,170 SF

      890 Quail Vly Dr

      OFFICE BUILDING
      890 Quail Vly Dr, Provo, UT 84604-4739
      View Details
    • Value Estimation by Request
      26,242 SF

      191 Riv Park Dr

      OFFICE BUILDING
      191 Riv Park Dr, Provo, UT 84604-5683
      View Details
    • Value Estimation by Request
      12,371 SF

      3521 University Ave

      OFFICE BUILDING
      3521 University Ave, Provo, UT 84604-4418
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,180 SF

      Provo Office Building For Sale

      122,514 RSF office building in Provo, Utah available immediately.
      400 Park Cir Ctr, Provo, UT 84604
      View Details
    • Contact for pricing
      65,217 SF

      Class A Office Space

      Premier office space in Provo with flexible options.
      5255 North Edgewood Dr, Provo, UT 84604
      View Details
    • Contact for pricing
      15,761 SF

      Turnkey Venue and Office Space

      Remodeled venue and office space near BYU.
      1440 Moon River Dr, Provo, UT 84604
      View Details
    • Contact for pricing
      135,859 SF

      Provo Office Portfolio For Sale

      Two office buildings totaling 135,859 RSF in Provo, Utah.
      5152-5255 N Edgewood Dr, Provo, UT 84604
      View Details
    • Contact for pricing
      8,000 SF

      Office Building with Shop Space

      Office building featuring a reception area, conference room, and shop.
      1688 W 820 N, Provo, UT 84604
      View Details
    • Contact for pricing
      33,156 SF

      Office Space Near BYU

      4,769 SF office space near Brigham Young University.
      2696 N University Ave, Provo, UT 84604
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Office Space in Riverwoods Center

      Two-story office building with walkable amenities and mountain views.
      4833 N Edgewood Dr, Provo, UT 84604
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Provo, Utah.
      3325 N University Ave, Provo, UT 84604
      View Details
    • Contact for pricing
      4,186 SF

      Class A Office Space Available

      Open layout office space with mountain views and ample parking.
      727 N 1550 E, Orem, UT 84604
      View Details
    • Contact for pricing
      1,602 SF

      Office Space Near Medical Center

      Office space with good parking, visibility, and high traffic.
      1215 N 500 W, Provo, UT 84604
      View Details
    • Contact for pricing

      Office Spaces with Scenic Views

      Office spaces for rent with large windows and scenic views.
      333 W 2230 N, Provo, UT 84604
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3325 N University Ave
    Provo, UT 84604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3325 N University Ave, Provo, UT, 84604
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!