Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    362 Ctr St Provo, UT 84601-4323

    • Retail space
    • 5,765 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Nov 15, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0291970
    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.

    Current Use by Public Records

    • Boothe Brothers Music / Musical Instrument Store / Guitar Store
    • Modern Shoe / Shoe Store

    Property Details for 362 Ctr St

    Year built
    1921
    Lot size
    0.12 lot acres
    Property size
    5,765 SF
    Property type
    Retail space
    APN
    04-065-0008
    APU
    40650008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.665
    Latitude
    40.2342
    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
    $6,714
    $0.00
    $0.00
    $651,500
    -
    $421,500
    $230,000
    $651,500

    Comparable in this City

    • Value Estimation by Request
      16,276 SF

      99 300th S

      RETAIL STORES (PERSONAL SERVICES) • 16,276 SF
      99 300th S, Provo, UT 84601-4436
      View Details
    • Value Estimation by Request
      3,770 SF

      302 500th W

      RETAIL STORES (PERSONAL SERVICES) • 3,770 SF
      302 500th W, Provo, UT 84601-4225
      View Details
    • Value Estimation by Request
      3,791 SF

      475 800th N

      RETAIL STORES (PERSONAL SERVICES) • 3,791 SF
      475 800th N, Provo, UT 84601-1651
      View Details
    • Value Estimation by Request
      6,391 SF

      330 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 6,391 SF
      330 Ctr St, Provo, UT 84601-4323
      View Details
    • Value Estimation by Request
      23,048 SF

      455 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 23,048 SF
      455 University Ave, Provo, UT 84601-2868
      View Details
    • Value Estimation by Request
      6,000 SF

      435 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      435 University Ave, Provo, UT 84601-4529
      View Details

    Similar Nearby for Sale

    • $700,000
      2,200 SF

      Provo Duplex: Mixed-Use Investment

      Mixed-use duplex in Provo near BYU with commercial and residential.
      491 S Freedom Blvd, Provo, UT 84601
      View Details
    • $250,000
      820 SF

      Renovated Condo in Provo

      Move-in ready condo with updated features and convenient location.
      434 S 700 W, Provo, UT 84601
      View Details
    • $169,000
      0.29 Acres

      Provo Buildable Flag Lot

      Buildable .29 acre flag lot in Provo, Utah.
      914 W 1150 S, Provo, UT 84601
      View Details
    • Contact for pricing
      32.84 Acres

      Provo Airport Industrial Land

      ±33 Acres, Prime Airport Location
      3607 Center St, Provo, UT 84601
      View Details
    • $2,200,000
      0.64 Acres

      Prime Provo Redevelopment Site

      High-traffic location, 0.64 acres, huge potential.
      1222 University Ave, Provo, UT 84601
      View Details
    • $525,000
      1,225 SF

      Provo Duplex Investment Opportunity

      Turn-key duplex in prime Provo location with immediate cash flow.
      1021 W 100 N, Provo, UT 84601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      314,770 SF

      Provo Towne Centre Retail Space

      Prime Provo retail space, multiple options available.
      1200 Towne Centre Blvd, Provo, UT 84601
      View Details
    • $2,500 /Mo
      1,100 SF

      Retail/Office Space in Provo

      Main level retail/office unit with high visibility.
      201-491 South Freedom Blvd, Provo, UT 84601
      View Details
    • $14 SF/Yr
      1,532 SF

      Versatile Space on Freedom Blvd

      Adaptable retail, office, or warehouse space available for rent.
      32 S Freedom Blvd, Provo, UT 84601
      View Details
    • $27 SF/Yr
      22,984 SF

      Provo Retail Space for Lease

      Three retail spaces available in Provo, Utah.
      200 Freedom Blvd, Provo, UT 84601
      View Details
    • Contact for pricing
      14,674 SF

      Riverwoods Retail Space For Lease

      Provo, UT: Prime Retail Opportunity
      4801 University Ave, Provo, UT 84601
      View Details
    • Contact for pricing
      3,200 SF

      Downtown Provo Restaurant Space Available

      Second generation restaurant space centrally located in Downtown Provo.
      31-43 E Center St, Provo, UT 84601
      View Details
    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.
    362 Ctr St
    Provo, UT 84601-4323
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.