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Property profile & analytics
FOR LEASE
Office buildings
5609 N University Ave Provo, UT 84604
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0498727
For Lease
1 / 14
$42 SF/Yr
5609 N University Ave, Provo, UT 84604
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
16,982 SF
Lot
1.6 ac (69,696 SF)
APN
20-014-0013
UPID
US86-0498727
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
-
Armor Gel Tattoo Department Store
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
5600 North University LLC · 3 yrs held
5600 North University LLC
since 2023
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
$16,494
Tax year 2023
Assessed value
$1,600,600
Assessed 2023
Previous assessed
$1,600,600
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$968,200
Improvement market value
$632,400
Total market value
$1,600,600
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1978
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
16,982 SF
Lot
1.6 ac (69,696 SF)
APN
20-014-0013
UPID
US86-0498727
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
1978
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
5600 North University LLC
Entity
Mailing address
950 CEDAR AVE, PROVO, UT 84604-2862
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
—
5600 North University LLC
Q Investments LLC
Warranty Deed
—
Jun 8, 2021
—
5600 North University LLC
Utah County
Quit Claim Deed
related
—
Oct 11, 2019
—
Q Investments LLC
Wooden Properties LLC
Grant Deed
related
—
Sep 4, 2019
—
Wooden Properties LLC
Centaur Print Partners INC
Warranty Deed
$1,401,611 · Cebfa Storage I LLC
Dec 27, 2017
—
Central Utah Water Conservancy
Centaur Print Partners INC
Quit Claim Deed
related
—
Jul 26, 2002
—
Centaur Print Partners INC
Community Press INC
Quit Claim Deed
related
$900,000 · Zions First National Bank
Aug 17, 1994
—
Community Press INC
Business Development Corp
Grant Deed
$528,896 · West One Bank
—
—
Centaur Print Partners INC
—
Deed Of Trust
related
$800,000 · Utah Cmnty FCU
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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