Executive Office Building with
For Sale
Contact for pricing
1834 East 3100 North, Layton, UT 84040
Prestigious office building on Highway 193 featuring executive offices, cubicle space, and on-site EV charging.
Property Size5,889 SF
Price / SF$236.03
Days on Market102
Property Features for 1834 East 3100 North
General Information
Standard status
Active
Size
5,889 SF
Property subtype
Office
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
14
Building Details
Year Built
2014
Buildings
1
Units
1
Listing Agency:
PPC Commercial Real Estate
Listed By:
Ryan Wicknick · License #UT 5936251-SA00
Source:
Crexi
Added: May 28
Changed: Sep 2
Last Checked: Sep 2 at 5:27PM
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 PPC Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale office property offers a professional layout with 14 executive offices plus multiple cubicle areas, providing flexibility for both private and team-based work. The space includes three bathrooms and is supported by an electric vehicle charging station. The building totals 5,889 SF.
Located in east Layton with excellent visibility from Highway 193, the property benefits from exposure to an estimated 30,000 AADT. Highway-adjacent positioning supports convenient public access and straightforward wayfinding for clients and employees.
Designed for organizations that value a mix of individual offices and shared workstations, this building can support a variety of professional uses within office operations. The combination of executive and cubicle space, along with multiple restrooms and EV charging, can help tenants plan day-to-day workflows and accommodate employee needs.
Located in east Layton with excellent visibility from Highway 193, the property benefits from exposure to an estimated 30,000 AADT. Highway-adjacent positioning supports convenient public access and straightforward wayfinding for clients and employees.
Designed for organizations that value a mix of individual offices and shared workstations, this building can support a variety of professional uses within office operations. The combination of executive and cubicle space, along with multiple restrooms and EV charging, can help tenants plan day-to-day workflows and accommodate employee needs.
Key Highlights
- Office building built in 2014 totaling 5,889 SF
- Located in east Layton with visibility from Highway 193
- Includes 14 executive offices and multiple cubicle areas
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
$71,601
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
5.15%
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%
$1,432,020
$1.4M
Cap Rate 7%
$1,022,871
$1.0M
Cap Rate 9%
$795,567
$795.6K
Market Conditions
NOI Build-Up for 5,889 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
$103.9K $17.64/SF
− Vacancy
−$8.4K −$1.43/SF
EGI
$95.5K $16.21/SF
− OpEx
−$23.9K −$4.05/SF
NOI
$71.6K $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%
$1,432,020
Cap Rate 7%
$1,022,871
Cap Rate 9%
$795,567
Alternative Uses
Best Use
Office B
$1.02M
$895.0K – $1.19M
NOI $71,601 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,208 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Office units
30,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 84040, UT
26,687
Population
9,454
Households
2.8
Avg Household Size
35
Median Age
46%
College-Educated
97%
High-School Grad
24.2 sq mi
ZIP Area
1,103
Density / Sq Mi
$123,297
Median Household Income
$55,607
Median Earnings
$1,796
Median Rent
$486,300
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 - Prestigious office building on Highway 193 featuring executive offices, cubicle space, and on-site EV charging.
Where is this office building located?
The property is located at 1834 East 3100 North Layton, UT.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Office building built in 2014 totaling 5,889 SF; Located in east Layton with visibility from Highway 193; Includes 14 executive offices and multiple cubicle areas
