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    Brandon Rawlins, Salt Lake City, UT

    License ID: S.0171604
    Jones Lang LaSalle Brokerage, Inc.
    Association
    Boise Regional Realtors

    Contact details

    Phone:
    (208) 912-0822
    Office Address:
    90 S 400 W Ste 100, Salt Lake City, UT, 84101

    Performance

    Listings
    11

    Listings

    For Sale (1)

    View map
    • $1,799,000
      7,558 SF

      Drive-Thru Restaurant on Corner Lot

      Drive-thru restaurant on a hard corner with ample parking.
      1500 S Foothill Dr, Salt Lake City, UT 84108
      View Details

    For Lease (10)

    View map
    • $28 SF/Yr
      21,776 SF

      Ogden Office Space with Views

      Office space featuring 360-degree views and ample parking.
      5120 S 375 E, Ogden, UT 84405
      View Details
    • $1.26 SF/Yr
      4,000 SF

      Centerville Flex Space For Rent

      Flex space available with Legacy Highway visibility and signage.
      1265 W 1275 N, Centerville, UT
      View Details
    • $1.55 SF/Yr
      1,500 SF

      Centerville Industrial Park Warehouse Space

      Heated warehouse space with immediate highway access in Centerville.
      67 N 1400 W, Centerville, UT 84014
      View Details
    • $22 SF/Yr
      7,500 SF

      Washington Blvd Office Space Available

      Desirable office location with private offices and conference rooms.
      5025 Adams Ave, Ogden, UT 84403
      View Details
    • $16 SF/Yr
      4,218 SF

      Downtown Ogden Office Space Available

      4,218 SF office space for lease in downtown Ogden.
      2491 Washington Blvd, Ogden, UT 84401
      View Details
    • Contact for pricing
      945 SF

      Office Space in Beaver, Utah

      Office space available for rent in Beaver, Utah.
      20 S Main St, Beaver, UT 84713
      View Details
    • Contact for pricing
      1,500 SF

      Centerville Commercial Space Available

      Commercial space available for rent in Centerville, Utah.
      67 N 1400 W, Centerville, UT 84014
      View Details
    • Contact for pricing
      3,361 SF

      Boise Industrial Space Sublease

      Industrial space available for sublease in Boise, Idaho.
      510 S 11Th St, Boise, ID 83702
      View Details
    • Contact for pricing
      4,975 SF

      Retail Space Available For Rent

      Retail space available for rent with 4975 square feet.
      5010-5330 W Overland Rd, Boise, ID 83705
      View Details
    • Contact for pricing
      7,500 SF

      Ogden Office Space Available

      7,500 sqft office space for lease in Ogden, Utah.
      5025 Adams Ave, Ogden, UT 84403
      View Details

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    Brandon Rawlins, Salt Lake City, UT
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Brandon Rawlins, Salt Lake City, UT
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