Office Building with Fiber
For Sale
Contact for pricing
327 W Gordon Ave, Layton, UT 84041
Professional office property with multiple fiber providers, ample parking, and convenient freeway connectivity.
Property Size4,116 SF
Price / SF$279.40
Days on Market1831
Property Features for 327 W Gordon Ave
General Information
Standard status
Active
Size
4,116 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
multiple fiber providers
Building Details
Construction
Colonial
Listing Agency:
Colliers | Salt Lake City Millrock
(801) 453-6838
Listed By:
Andrew Whitworth · License #11794882-SA00
Source:
Moodyscre
Added: Aug 27, 2021
Changed: Aug 30
Last Checked: Aug 30 at 7:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Salt Lake City Millrock
Investment Insights
Based on property information with market context.
This 4,116-square-foot office building features Colonial-style architecture and a professional appearance suited to an established business setting. Multiple fiber providers support connectivity options, while abundant parking adds practical convenience for occupants and visitors.
Located at 327 W Gordon Ave in Layton, the property offers immediate freeway access and visibility. Retail, restaurants, entertainment, and hospitality facilities are within walking distance, adding a range of nearby services and amenities to the office setting.
Located at 327 W Gordon Ave in Layton, the property offers immediate freeway access and visibility. Retail, restaurants, entertainment, and hospitality facilities are within walking distance, adding a range of nearby services and amenities to the office setting.
Key Highlights
- 4,116‑square‑foot office building
- Colonial‑style architecture with a professional appearance
- Multiple fiber providers available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,044
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,000,880
$1.0M
Cap Rate 7%
$714,914
$714.9K
Cap Rate 9%
$556,044
$556.0K
Market Conditions
NOI Build-Up for 4,116 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.6K $17.64/SF
− Vacancy
−$5.9K −$1.43/SF
EGI
$66.7K $16.21/SF
− OpEx
−$16.7K −$4.05/SF
NOI
$50.0K $12.16/SF
Area
Davis County, UT
Vacancy
8.10%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,000,880
Cap Rate 7%
$714,914
Cap Rate 9%
$556,044
Alternative Uses
Best Use
Office B
$714.9K
$625.6K – $834.1K
NOI $50,044 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.6K
$831.8K – $1.11M
NOI $66,544 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 84041, UT
55,289
Population
19,171
Households
2.9
Avg Household Size
30
Median Age
31%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
3,711
Density / Sq Mi
$87,608
Median Household Income
$43,804
Median Earnings
$1,404
Median Rent
$395,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property with multiple fiber providers, ample parking, and convenient freeway connectivity.
Where is this office building located?
The property is located at 327 W Gordon Ave Layton, UT.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,116‑square‑foot office building; Colonial‑style architecture with a professional appearance; Multiple fiber providers available
