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Property profile & analytics
OFF-MARKET
Retail space
5121 Edgewood Dr Provo, UT 84604-5611
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0417732
Property summary
AI-generated overview
This exceptional corner retail space, located at 5121 EDGEWOOD in Provo, Utah, presents a unique opportunity for businesses seeking a vibrant and convenient location. Situated within the desirable Riverwoods area, this property offers a charming and walkable environment with easy access to shops and restaurants. The space boasts abundant natural light, creating a positive and inviting atmosphere for employees and clients alike. Its ideal for a variety of uses, making it perfect for appointment-based businesses, startups, or any enterprise that values a blend of professional functionality and lifestyle appeal. The property sits on a 0.02-acre lot. The square footage is as per County records
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
875 SF
Lot
0.02 ac (958 SF)
APN
54-178-0035
UPID
US86-0417732
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
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
Avanesyan Motors LLC · 2 yrs held
Avanesyan Motors LLC
since 2023
6 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
$2,029
Tax year 2023
Assessed value
$196,900
Assessed 2023
Previous assessed
$196,900
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$7,900
Improvement market value
$189,000
Total market value
$196,900
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
2002
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
875 SF
Lot
0.02 ac (958 SF)
APN
54-178-0035
UPID
US86-0417732
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
2002
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Avanesyan Motors LLC
Entity
Mailing address
1745 S STATE ST, OREM, UT 84097-8008
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
—
Avanesyan Motors LLC
Mger Avanesyan
Intrafamily Transfer
related
$1,100,000 · Patriot Home Mortgage
May 9, 2023
—
Avanesyan Motors
—
Deed
related
$800,000 · Tripledub Ventures LLC
Aug 15, 2022
—
Mger Avanesyan
Toolson Ventures LLC
Warranty Deed
—
Apr 13, 2021
—
Terra Net Investments No 2 Lc
Es Net Properties Lc
Quit Claim Deed
related
—
Dec 22, 2020
—
Toolson Ventures LLC
Terranet Investments No 2 Lc
Warranty Deed
—
Dec 1, 2020
—
Esnet Properties Lc
Terranet Investments No 2 Lc
Quit Claim Deed
related
—
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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