Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Sr 193 Layton, UT 84040

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Retail Land, Master Planned, Near Hospital

    Property Features for 0 Sr 193

    General Information

    Property type
    Retail properties
    Lot Size
    480,902 SF

    We can help!

    Listing Contact
    Joe Mills
    Joe Mills

    Listing Agency: Legend Partners Utah Listing Agent: Joe Mills

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 11.04-acre commercial parcel is available for sale in Syracuse, Utah, located at 2000 West State Route 193. The property is designated for retail development and is part of a master-planned commercial area, presenting a unique opportunity for investors and developers. Its strategic location offers significant advantages, including high visibility and accessibility due to its frontage on State Route 193. The site's substantial acreage allows for the development of a large-scale retail project, catering to a diverse range of businesses. Furthermore, the property benefits from its proximity to a proposed hospital, ensuring a consistent flow of potential customers and enhancing its long-term value. Detailed site plans and zoning information are available upon request. This is an excellent investment opportunity in a rapidly growing area of Davis County, Utah, offering significant potential for substantial returns. The property is zoned for commercial use and is ready for immediate development. Contact the listing agent for pricing and further details. The address is verified as 2000 W Sr 193, Syracuse, UT 84040. The property's geographic coordinates are 41.0899369 latitude and -111.8926303 longitude.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Layton
    County
    Davis
    State
    Utah
    Longitude
    -111.8926303
    Latitude
    41.0899369

    Nearby Similar for Sale

    • New
      $599,000
      2,044 SF

      Updated Duplex with Territorial Views

      Turnkey duplex with updates, solar, and convenient location.
      3306 N Fairfield Rd, Layton, UT 84041
      View Details
    • $1,550,000
      1.00 Acre

      Layton Commercial Property For Sale

      Retail and warehouse space in prime Layton location.
      1714 N Main St, Layton, UT 84041
      View Details
    • $1,200,000
      4,441 SF

      Layton Retail Investment with Drive-Thru

      Multi-tenant retail property with drive-thru in high-traffic Layton location.
      2631 North Hill Field Rd, Layton, UT 84041
      View Details
    • $4,350,000
      30,136 SF

      Layton Industrial/Flex Space Opportunity

      30,136 SF industrial/flex space in Layton, Utah for sale.
      630 W 600 N, Layton, UT 84041
      View Details
    • $1,550,000

      Layton Retail and Warehouse Space

      9,000 SF retail and warehouse on 1 acre lot.
      1714 N Main St, Layton, UT 84041
      View Details
    • Contact for pricing
      3,916 SF

      Chase Bank Investment Opportunity

      NNN leased Chase Bank in Layton, Utah.
      1275 N Hill Field Rd, Layton, UT 84041
      View Details
    • Contact for pricing
      5,350 SF

      New Retail Asset in Layton

      Newly constructed retail property with long-term leases and strong tenants.
      1495 Church St, Layton, UT 84041
      View Details
    • Contact for pricing
      8,910 SF

      Layton Office Building For Sale

      Office building in Layton's commercial area, excellent access to I-15.
      347 W Gordon Ave, Layton, UT 84041
      View Details
    • Contact for pricing
      5,826 SF

      Layton Commercial Building For Sale

      5,826 SF commercial building with national tenants in Layton, UT.
      928-930 W Antelope Dr, Layton, UT 84040
      View Details
    • Contact for pricing
      9,000 SF

      Layton Retail Hard Corner Property

      Freestanding retail property with a 10-year NNN lease.
      1995 N Main St, Layton, UT 84041
      View Details
    • Contact for pricing
      82,516 SF

      Renovated Office Building with Parking

      Well-maintained office building with high parking ratio and modern amenities.
      2195 University Park Blvd, Layton, UT 84041
      View Details
    • Contact for pricing
      31,440 SF

      Layton Office Building For Sale

      Office building near I-15, retail, and restaurants.
      869 W Hill Field Rd, Layton, UT 84041
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Retail Land, Master Planned, Near Hospital
    Where is this retail property located?
    The property is located at Sr 193 Layton, UT.
    What are key features of this property?
    This property features: 11.04-acre commercial parcel for sale in Syracuse, UT.; Master-planned commercial development site.; High-visibility location on State Route 193.
    (801) 930-6755 Call to check price and availability
    Request Owner's contact information
    Sr 193 Layton, UT 84040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Sr 193
    Layton, UT 84040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Sr 193 Layton, UT 84040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Mills
    Joe Mills
    Real Estate License ID: 5506580-SA00
    (801) 930-6755
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!