Layton Office Building For
For Sale
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869 W Hill Field Rd, Layton, UT 84041
31,440 SF office building in Layton, Utah.
Property Size31,440 SF
Price / SF$175
Days on Market784
Property Features for 869 W Hill Field Rd
General Information
Standard status
Active
Size
31,440 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Units
1
Listing Agency:
CBRE - Salt Lake City
Listed By:
James Mecham · License #UT 5479783-SA00
(801) 869-8028
Source:
Crexi
Added: Aug 14, 2024
Changed: Oct 2
Last Checked: Oct 5 at 4:43PM
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 CBRE - Salt Lake City
Investment Insights
Based on property information with market context.
This 31,440 square foot office building in Layton, Utah, is available for purchase. The property is suitable for either an owner-user or as an investment opportunity. Furniture is available for sale and lease, offering plug-and-play options.
Key Highlights
- 31,440 SF office space, ideal for your business needs
- Suitable for owner‑user or investment, offering flexibility
- Furniture available for sale or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$382,259
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,645,180
$7.6M
Cap Rate 7%
$5,460,843
$5.5M
Cap Rate 9%
$4,247,322
$4.2M
Market Conditions
NOI Build-Up for 31,440 SF
Gross rent
$554.6K $17.64/SF
− Vacancy
−$44.9K −$1.43/SF
EGI
$509.7K $16.21/SF
− OpEx
−$127.4K −$4.05/SF
NOI
$382.3K $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 Rate 5%
$7,645,180
Cap Rate 7%
$5,460,843
Cap Rate 9%
$4,247,322
Alternative Uses
Best Use
Office B
$5.46M
$4.78M – $6.37M
NOI $382,259 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.26M
$6.35M – $8.47M
NOI $508,292 @ 7.0% cap · market cap 9.24%
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
931
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - 31,440 SF office building in Layton, Utah.
Where is this office building located?
The property is located at 869 W Hill Field Rd Layton, UT.
What is the asking price?
The asking price for this property is $5,502,000.
What are key features of this property?
This property features: 31,440 SF office space, ideal for your business needs; Suitable for owner‑user or investment, offering flexibility; Furniture available for sale or lease
