Office Building with
For Sale
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67 S Main St, Layton, UT 84041
Office building built in 2007 offering 26,099 SF and 97 parking stalls.
Property Size26,099 SF
Lot Size1.70 Acres
Price / SF$223.99
Days on Market313
Property Features for 67 S Main St
General Information
Standard status
Active
Size
26,099 SF
Total Parking Spaces
97
Lot size
1.70 Acres
Property subtype
OFFICE
Net Operating Income
$409,028
Building Details
Year Built
2007
Listing Agency:
Mountain West | Northern Utah
(801) 578-5580
Listed By:
Chris Falk, CCIM, SIOR
(385) 429-5500
Source:
Moodyscre
Added: Nov 4, 2025
Changed: Aug 14
Last Checked: Sep 12 at 11:12AM
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 Mountain West | Northern Utah
Investment Insights
Based on property information with market context.
This office building totals 26,099 square feet and was built in 2007. The property includes 97 parking stalls to support daily tenant and visitor needs.
The site spans approximately 1.7 acres, providing room for on-site parking and vehicle circulation.
For buyers evaluating current income, the listing provides an estimated NOI of $409,028.
The site spans approximately 1.7 acres, providing room for on-site parking and vehicle circulation.
For buyers evaluating current income, the listing provides an estimated NOI of $409,028.
Key Highlights
- Office building built in 2007
- 26,099 SF building size
- Approx. 1.7 acres
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
$317,321
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
5.43%
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%
$6,346,420
$6.3M
Cap Rate 7%
$4,533,157
$4.5M
Cap Rate 9%
$3,525,789
$3.5M
Market Conditions
NOI Build-Up for 26,099 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
$460.4K $17.64/SF
− Vacancy
−$37.3K −$1.43/SF
EGI
$423.1K $16.21/SF
− OpEx
−$105.8K −$4.05/SF
NOI
$317.3K $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%
$6,346,420
Cap Rate 7%
$4,533,157
Cap Rate 9%
$3,525,789
Alternative Uses
Best Use
Office B
$4.53M
$3.97M – $5.29M
NOI $317,321 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.03M
$5.27M – $7.03M
NOI $421,944 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Office building built in 2007 offering 26,099 SF and 97 parking stalls.
Where is this office building located?
The property is located at 67 S Main St Layton, UT.
What is the asking price?
The asking price for this property is $5,846,000.
What are key features of this property?
This property features: Office building built in 2007; 26,099 SF building size; Approx. 1.7 acres
