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Property profile & analytics
OFF-MARKET
Retail space
765 University Ave Provo, UT 84601-5846
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0256166
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully leased industrial park in Provo, Utah. The property encompasses seven buildings totaling approximately 75,600 square feet, situated on a 3.052-acre lot. The buildings range in size from 8,400 to 11,800 square feet, offering a diverse range of flex space. Currently boasting 100% occupancy, this multi-tenant property generates substantial income. Located in a Heavy Commercial Zone, the property benefits from a prime location near revitalized Downtown Provo, the Provo FrontRunner commuter rail, and the I-15 University Avenue interchange. Its proximity to Provo Towne Center Mall further enhances its appeal. The asking price is $10,250,000, translating to $135.50 per square foot. The property's seven buildings are located at various addresses within Provo, UT 84601 and 84606, with specific addresses including 765-767 S University Ave, 735-737 South University Avenue, 709-711 South University Avenue, 74-78 East 700 South, 744 South 100 East, 91 East 780 South, and 81 E 780 S. The property's APNs are 52:085:0011
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
12,525 SF
Lot
0.42 ac (18,208 SF)
APN
52-085-0011
UPID
US86-0256166
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
-
Premier Auto Alliance Car Dealership
-
Vector Offroad LLC Auto Parts Store
-
Vector Offroad Auto Parts 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
Njn Properties LLC · 1 yrs held
Njn Properties LLC
since 2025
1 recorded transaction
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
$4,535
Tax year 2023
Assessed value
$440,100
Assessed 2023
Previous assessed
$440,100
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$290,700
Improvement market value
$149,400
Total market value
$440,100
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
1962
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
12,525 SF
Lot
0.42 ac (18,208 SF)
APN
52-085-0011
UPID
US86-0256166
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
1962
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Njn Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
711 S UNIVERSITY AVE, PROVO, UT 84601-5846
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2025
—
Njn Properties LLC
Creer Industrial Park
Warranty Deed
—
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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