Provo, SD High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Provo, South Dakota Market population: 114K. Explore income-producing properties with verified cap rates and...
Advertisement
12 properties found
.png)
Investor Pitch Deck
Don’t just search properties. See why investors choose REI Capital.
Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.
.png)
⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Provo UT Properties: 0.5700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Provo UT
Common questions from investors exploring commercial real estate in Provo UT.
What is the overall investment potential of Provo, UT, considering its demographics and economy?
+
Provo, UT, with a population of 114,179 and a median age of 23.5, presents a unique investment opportunity, especially considering its top industries in Finance & Insurance, and Real Estate & Rental & Leasing, which can drive demand for housing. The poverty rate of 26.4% combined with an average commute time of 17.1 minutes and a health insurance coverage rate of 88.1% suggests a market with challenges but also with a relatively stable workforce. The median household income of $39,688 and the median property value of $198,700 indicate a potentially affordable market for both buyers and renters.
How does the ethnic diversity and foreign-born rate impact the real estate market in Provo, UT?
+
The ethnic diversity in Provo, UT, with top ethnicities being White (44.3%), White Non-Hispanic (38.2%), and Hispanic (9.5%), along with a foreign-born rate of 8.2%, suggests a culturally rich and potentially vibrant market. This diversity, coupled with top industries like Manufacturing and Public Administration, can contribute to a stable and growing demand for housing, making it an attractive location for real estate investment. The GINI coefficient of 0.493 indicates some level of income inequality, but the overall economic activity can support a healthy real estate market.
What are the implications of the poverty rate and health insurance coverage for real estate investors in Provo, UT?
+
The 26.4% poverty rate in Provo, UT, is a significant consideration for real estate investors, as it may impact tenant quality and stability. However, the 88.1% health insurance coverage rate suggests that a large portion of the population has access to employment with benefits, potentially mitigating some risks associated with poverty. Investors should consider these factors when evaluating potential returns on investment, particularly in terms of rental yields and property appreciation over time.
How do commute times and methods affect the attractiveness of Provo, UT, for real estate investment?
+
The average commute time of 17.1 minutes in Provo, UT, is relatively low, indicating good infrastructure and accessibility, which can be a significant draw for both residents and businesses. The top commute methods, including driving alone, working from home, and carpooling, suggest flexibility and potential for future development in transportation infrastructure, making the area more appealing for investment. This, combined with a median property value of $198,700, presents opportunities for investors to capitalize on a potentially growing and convenient location.
What role does the homeownership rate and median property taxes play in the investment decision for Provo, UT?
+
The homeownership rate of 40.4% in Provo, UT, leaves a significant portion of the population renting, which can be beneficial for investors looking to capitalize on rental yields. The median property taxes of $13,510, while a consideration for investors, are part of the overall cost-benefit analysis, especially when compared to the median property value of $198,700 and the potential for appreciation. Investors should weigh these factors against the local economic conditions, including the median household income of $39,688, to determine the viability of their investment strategies.
Provo UT Real Estate & City Facts
Key facts and real estate information about Provo UT.
What are some of the best neighborhoods to live in Provo?
+
Some of the best neighborhoods to live in Provo include Edgemont, Fort Utah, Grand View North, Lakeview, and the West Side. These neighborhoods offer a range of amenities, including beautiful views, parks, and easy access to downtown Provo. However, it's worth noting that some areas of Provo can be quite hilly, and traffic can be a challenge in certain parts of the city.
What are some fun things to do in Provo?
+
Provo has a lot to offer when it comes to things to do. Some popular attractions include Bridal Veil Falls, Provo Canyon, the BYU Museum of Paleontology, and the Utah Valley Convention Center. You can also explore the historic downtown area, visit the Provo Farmer's Market, or take a float trip down the Provo River. If you're looking for something more adventurous, you can hike to the top of Mount Timpanogos or explore the many trails in the surrounding mountains.
What is the food scene like in Provo?
+
Provo has a diverse and delicious dining scene, with a range of options to suit every taste and budget. Some popular restaurants include Black Sheep Cafe, Saida Sushi and Noodle House, and Las Mixturas, which serves Japanese-Peruvian fusion cuisine. You can also find unique and fun dining experiences, such as Wolfs Cottage and Theron Milo The Rocky Mountain Wizard. Additionally, there are plenty of great food trucks and casual eateries throughout the city.
What are the pros and cons of living in Provo?
+
One of the biggest pros of living in Provo is its natural beauty, with the surrounding mountains and Utah Lake providing endless opportunities for outdoor recreation. The city also has a strong sense of community, with a variety of cultural events and festivals throughout the year. However, some cons of living in Provo include the traffic and congestion in certain parts of the city, as well as the limited job opportunities in certain industries. Additionally, some areas of Provo can be quite hilly, which can make it difficult to get around without a car.
Is Provo a good place to live?
+
Overall, Provo is a great place to live, with its natural beauty, strong sense of community, and diverse dining scene. While it may have some challenges, such as traffic and limited job opportunities, the city has a lot to offer and is a great option for people who love the outdoors and want to be part of a vibrant and active community. As with any city, it's worth doing your research and weighing the pros and cons before making a decision, but Provo is definitely worth considering.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Provo UT Commercial Property: $39,688
Advertisement
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
Advertisement
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
Advertisement
⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
Advertisement