Commercial Real Estate in Provo
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Reonomy attracts a large community of Provo commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.
Provo commercial real estate sold prices and values
|Values and sold prices (last 24 months)||United States||Colorado||Provo|
|Average sold price||$1,044,280||$1,323,150||--|
|Median sold price||$197,184||$396,682||--|
|Number of sales||3,896,619||94,882||--|
|Number of sales over $250k||1,652,112||65,000||--|
|Number of sales over $1m||376,992||15,217||--|
|Number of sales over $10m||51,617||1,895||--|
|Average total tax amount||$9,270||$6,486||$82|
|Average assessed value||$316,885||$83,509||$1,482|
|Average market value||$436,996||$398,810||$5,111|
Provo commercial real estate property averages
|Property averages||United States||Colorado||Provo|
|Average lot size||816,554 sf||1,643,682 sf||3,692,799 sf|
|Median lot size||24,475 sf||42,489 sf||3,692,799 sf|
|Average building area||1,077 sf||4,615 sf||--|
|Median building area||77 sf||137 sf||--|
|Median year built||1971||1981||--|
|Average number of units||16||15||--|
|Median number of units||2||2||--|
Provo commercial real estate total supply
|Number of parcels||58,466,290||883,400||2|
|Aggregate lot acerage||1,006,474,711||24,407,049||169|
|Aggregate building area||8,055,396,245 sf||645,450,700 sf||--|
Provo commercial real estate industrial mortgages
|Number of mortgages||41,929,296||709,282||--|
|Average value of mortgages||$5,197,800||$8,620,266||--|