Flex Space with Retail
For Sale
$1,400,000
1714 N MAIN St, Layton, UT 84041
Commercial Sale, Layton, UT
Property Size9,000 SF
Lot Size1.00 Acre
Price / SF$155.56
Days on Market48
Property Features for 1714 N MAIN St
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-H
Subdivision
Kaysville; Fruit Heights; Layton
Standard status
Active
APN
10-042-0036
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
10816
Amenities
2 Offices
2 Restrooms
10 Overhead 12 ft doors
side Loading Dock
Building Details
Year built
1945
Listing Agency:
Equity Real Estate (Select)
(801) 589-5800
Listed By:
Jennifer Romney · License #7554420
(801) 935-5525
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 23 at 12:06AM
MLS# 2170236
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1-acre flex property combines approximately 6,100 square feet of retail area with 2,900 square feet of warehouse space, totaling 9,000 square feet. The building includes two offices, two restrooms, 10 overhead doors measuring 12 feet, and a side loading dock. Constructed in 1945, the property is currently zoned C-H and includes a pylon sign.
Located at 1714 N Main St in Layton, the site sits along the city’s Main St corridor near the I-15 Antelope Dr. exit. The property offers 29+ parking stalls, a wrap-around drive, and two ingress/egress points from Main St. Square footage is based on an appraisal estimate; independent measurement is advised.
Located at 1714 N Main St in Layton, the site sits along the city’s Main St corridor near the I-15 Antelope Dr. exit. The property offers 29+ parking stalls, a wrap-around drive, and two ingress/egress points from Main St. Square footage is based on an appraisal estimate; independent measurement is advised.
Key Highlights
- 9,000 square feet total on 1 acre
- Approximately 6,100 square feet of retail area and 2,900 square feet of warehouse space
- 10 overhead 12 ft doors, including one side loading dock
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
$121,143
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
8.65%
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%
$2,422,860
$2.4M
Cap Rate 7%
$1,730,614
$1.7M
Cap Rate 9%
$1,346,033
$1.3M
Market Conditions
NOI Build-Up for 9,000 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
$197.6K $21.96/SF
− Vacancy
−$11.3K −$1.25/SF
EGI
$186.4K $20.71/SF
− OpEx
−$65.2K −$7.25/SF
NOI
$121.1K $13.46/SF
Area
Davis County, UT
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
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%
$2,422,860
Cap Rate 7%
$1,730,614
Cap Rate 9%
$1,346,033
Alternative Uses
Best Use
Flex RnD
$1.73M
$1.51M – $2.02M
NOI $121,143 @ 7.0% cap · market cap 8.65%
Second Best
Retail
$1.55M
$1.36M – $1.81M
NOI $108,786 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,503 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,585
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Combined retail and warehouse configuration with offices, restrooms, loading access, and a wrap-around drive.
Where is this flex space located?
The property is located at 1714 N MAIN St Layton, UT.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 9,000 square feet total on 1 acre; Approximately 6,100 square feet of retail area and 2,900 square feet of warehouse space; 10 overhead 12 ft doors, including one side loading dock
