Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    520 Market Place Dr Centerville, UT 84014
    Back to Search
    Property profile & analytics

    520 Market Place Dr, Centerville, UT 84014

    View on Map
    • Office Spaces
    • 50,476 SF
    For Sale
    $10,900,000
    View Listing →
    Centerville Office Building - Utah For Sale
    $10,900,000
    50,476 SF

    Centerville Office Building - Utah

    Prime Centerville Office Space, 50,476 SF

    520 Market Place Dr, Centerville, UT 84014
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • xel it s / (Bike/Boat/Book/etc) Store / Corporate Office
    • Reveo Consulting / Consultant
    • Signal Wealth Advisors / Corporate Office
    • Advanced Brain Technologies / Crisis Center / Medical Clinic

    Property Details for 520 Market Place Dr

    Year built
    2014
    Property type
    Office Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Davis
    State
    Utah
    Longitude
    -111.888
    Latitude
    40.923

    Comparable in this City

    • Value Estimation
      $1,055,000
      6,265 SF

      482 Frontage Rd

      OFFICE (GENERAL)
      482 Frontage Rd, Centerville, UT 84014-2105
      View Details
    • Value Estimation
      $620,000
      4,246 SF

      1248 Main St

      OFFICE (GENERAL)
      1248 Main St, Centerville, UT 84014-1138
      View Details
    • Value Estimation by Request
      26,076 SF

      400 West & Parrish Ln

      Office Spaces
      400 West & Parrish Ln, Centerville, UT 84014
      View Details
    • Value Estimation
      $1,720,000
      7,936 SF

      Centerville, UT 84014

      DENTAL BUILDING
      Centerville, UT 84014
      View Details
    • Value Estimation by Request
      2,520 SF

      1310 233rd N Ste, Unit 102

      OFFICE BUILDING
      1310 233rd N Ste, Centerville, UT 84014-4004
      View Details
    • Value Estimation
      $8,595,000
      81,147 SF

      500 Market Pl Dr

      OFFICE BUILDING
      500 Market Pl Dr, Centerville, UT 84014-1708
      View Details

    Similar Nearby for Sale

    • $10,900,000
      50,476 SF

      Centerville Office Building - Utah

      Prime Centerville Office Space, 50,476 SF
      520 Market Place Dr, Centerville, UT 84014
      View Details
    • Contact for pricing

      Freeway Visible Property For Sale

      Two-story property with parking garage and freeway access.
      520 N Market Place Dr, Centerville, UT 84014
      View Details
    • Contact for pricing
      1,650 SF

      Centerville Gas Station - UT

      Prime Retail Location, 1650 SF, 0.52 Acres
      95 Main St, Centerville, UT 84014
      View Details
    • $323,500
      Pending

      Land For Sale

      Land available for purchase in Davis County, Utah.
      1159 N Oakridge Dr, Centerville, UT 84014
      View Details
    • $275,000
      0.11 Acres

      Residential Land with Mountain Views

      Centerville, UT lot ready for your dream home.
      385 E Randall Way S, Centerville, UT 84014
      View Details
    • Contact for pricing

      Centerville Land with I-15 Visibility

      5.67 acres with I-15 visibility, near Legacy Parkway.
      1025 W 200 N, Centerville, UT 84014
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,797 SF

      Class A Office Space Available

      Class A office space with high-end finishes and plentiful parking.
      1148 W Legacy Crossing Blvd, Centerville, UT 84014
      View Details
    • Contact for pricing

      Centerville Flex Space Available

      4,400 SF flex space with office and warehouse.
      803 N 1250 W, Centerville, UT 84014
      View Details
    • Contact for pricing
      400 SF

      Centerville Office Space For Rent

      Office space for rent in Centerville, Utah.
      200 W Parrish Ln, Centerville, UT 84014
      View Details
    • Contact for pricing
      1,500 SF

      Centerville Commercial Space Available

      Commercial space available for rent in Centerville, Utah.
      67 N 1400 W, Centerville, UT 84014
      View Details
    • Contact for pricing
      2,500 SF

      Centerville Flex Space For Rent

      Flex space with immediate access to I-15 and Legacy Parkway.
      239 N 1250 W, Centerville, UT 84014
      View Details
    • Contact for pricing
      4,000 SF

      Centerville Flex Space For Rent

      Flex space available with Legacy Highway visibility and signage.
      1265 W 1275 N, Centerville, UT 84014
      View Details
    View Listing
    Request Owner's contact information
    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.
    520 Market Place Dr
    Centerville, UT 84014
    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
    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

    Thank You for Inquiry
    520 Market Place Dr, Centerville, UT, 84014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!