Layton Retail Hard Corner
For Sale
Contact for pricing
1995 N Main St., Layton, UT
Freestanding retail property with a 10-year NNN lease.
Property Size9,000 SF
Lot Size0.76 Acres
Price / SF$307.78
Days on Market316
Property Features for 1995 N Main St.
General Information
Standard status
Active
Size
9,000 SF
Lot size
0.76 Acres
Property subtype
RETAIL
Listing Agency:
Newmark | Salt Lake City
(801) 578-5534
Listed By:
Bryce Blanchard · License #5487558-SA00
Source:
Moodyscre
Added: Oct 10, 2025
Changed: Aug 9
Last Checked: Aug 20 at 5:21AM
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 Newmark | Salt Lake City
Investment Insights
Based on property information with market context.
This freestanding retail property is located on a hard corner in Layton, at the intersection of Main Street and Antelope Drive. The property has a 10-year NNN lease. It can be purchased as a portfolio with the Orem and Tooele locations. The property size is 9,000 square feet.
Key Highlights
- Freestanding hard corner retail location on Main Street and Antelope Drive in Layton
- 10 Year NNN Lease
- Attractive 6.75 Cap Rate
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
$108,786
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
3.93%
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%
$2,175,720
$2.2M
Cap Rate 7%
$1,554,086
$1.6M
Cap Rate 9%
$1,208,733
$1.2M
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
$174.4K $19.38/SF
− Vacancy
−$19.0K −$2.11/SF
EGI
$155.4K $17.27/SF
− OpEx
−$46.6K −$5.18/SF
NOI
$108.8K $12.09/SF
Area
Davis County, UT
Vacancy
10.90%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
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%
$2,175,720
Cap Rate 7%
$1,554,086
Cap Rate 9%
$1,208,733
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,786 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,503 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
103k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 24%
Beauty & Spa 2%
McDonald's
Dining
30,101 visits/mo
0.2 miles
Wendy's
Dining
15,742 visits/mo
0.5 miles
Extra Space Storage
Shops & Services
11,112 visits/mo
0.1 miles
Arby's
Dining
10,476 visits/mo
0.2 miles
Burger King
Dining
9,777 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail property with a 10-year NNN lease.
Where is this retail space located?
The property is located at 1995 N Main St. Layton, UT.
What is the asking price?
The asking price for this property is $2,770,000.
What are key features of this property?
This property features: Freestanding hard corner retail location on Main Street and Antelope Drive in Layton; 10 Year NNN Lease; Attractive 6.75 Cap Rate
