Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2631 North Hill Field Rd Layton, UT 84041

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Multi-tenant retail property with drive-thru in high-traffic Layton location.

    Property size:
    4,441 SF

    Property Features for 2631 North Hill Field Rd

    General Information

    Size
    4,441 SF

    We can help!

    Listing Contact
    Michael Ferro
    Source: Iproperties

    Listing Agent: Michael Ferro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Layton Retail Investment with Drive-Thru

    Located in Layton, this 4,441 SF property on Hill Field Road presents an investment opportunity. The property features a multi-tenant layout designed for optimum return, a drive-thru, and parking. The property consists of 2 buildings with 3 tenants. The location benefits from a traffic count of 26,000 average daily traffic. The surrounding area along Hill Field Road includes retail and community attractions such as the Layton Hills Mall, the Davis Conference Center, and national retailers. This location offers access to a consumer base and visibility. The property has a 6.42% CAP Rate and $76,997 NOI.
    Location Intelligence

    Current Use by Public Records

    FiiZ Drinks Restaurant

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Layton Market Center, Hillgate Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Layton
    County
    Davis
    State
    Utah
    Longitude
    -111.97388
    Latitude
    41.0985226

    Nearby Similar for Sale

    • New
      $609,000
      2,044 SF

      Updated Duplex with Territorial Views

      Turnkey duplex with modern updates, solar system, and spacious yards.
      3306 N Fairfield Rd, Layton, UT 84041
      View Details
    • $2,100,000
      0.68 Acres

      Layton Commercial Building on Highway 193

      New 7,291 sqft commercial building with office and shop space.
      1042 E 3000 N, Layton, UT 84040
      View Details
    • $1,550,000
      1.00 Acre

      Layton Commercial Property For Sale

      Retail and warehouse space in prime Layton location.
      1714 N Main St, Layton, UT 84041
      View Details
    • $3,852,000
      5,350 SF

      New Retail Asset in Layton

      Newly constructed retail property with long-term leases and strong tenants.
      1565 Ut-193, Layton, UT
      View Details
    • $4,350,000
      30,136 SF

      Layton Industrial/Flex Space Opportunity

      30,136 SF industrial/flex space in Layton, Utah for sale.
      630 W 600 N, Layton, UT 84041
      View Details
    • $3,852,000
      5,350 SF

      New Retail Asset in Layton

      Newly constructed retail property with long-term leases and strong tenants.
      1495 Church St, Layton, UT 84041
      View Details
    • $2,100,000

      New Layton Flex Space Building

      New construction flex space with office and shop/garage areas.
      1042 Highway 193 E, Layton, UT 84040
      View Details
    • $3,950,000
      21,044 SF

      Layton Warehouses and Storage Buildings

      Four buildings totaling 21,044 SF on 1.7 acres.
      1105 N 1600 W, Layton, UT 84041
      View Details
    • $12,500,000
      82,516 SF

      Renovated Office Building with Parking

      Well-maintained office building with high parking ratio and modern amenities.
      2195 University Park Blvd, Layton, UT 84041
      View Details
    • $2,850,000
      5,826 SF

      Layton Commercial Building For Sale

      5,826 SF commercial building with national tenants in Layton, UT.
      928-930 W Antelope Dr, Layton, UT 84040
      View Details
    • Contact for pricing
      3,916 SF

      Chase Bank Investment Opportunity

      NNN leased Chase Bank in Layton, Utah.
      1275 N Hill Field Rd, Layton, UT 84041
      View Details
    • $1,550,000

      Layton Retail and Warehouse Space

      9,000 SF retail and warehouse on 1 acre lot.
      1714 N Main St, Layton, UT 84041
      View Details

    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail property with drive-thru in high-traffic Layton location.
    Where is this shopping center located?
    The property is located at 2631 North Hill Field Rd Layton, UT.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High-traffic location on Hill Field Road with **26,000 ADT (Average Daily Traffic)**.; - Multi-tenant layout (3 tenants in 2 buildings) designed for optimum return.; - Value-add opportunity for increased income potential.
    (801) 554-3002
    Request Owner's contact information
    2631 North Hill Field Rd Layton, UT 84041
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2631 North Hill Field Rd
    Layton, UT 84041
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2631 North Hill Field Rd Layton, UT 84041
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Ferro
    (801) 554-3002
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.