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Property profile & analytics
FOR LEASE
Office buildings
1148 W Legacy Crossing Blvd Centerville, UT 84014
Individually Owned
5-yr Hold
Free & Clear
Property ID
US86-1309545
For Lease
1 / 4
$27 SF/Yr
1148 W Legacy Crossing Blvd, Centerville, UT 84014
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Total area
72,560 SF
Lot
2.32 ac (101,146 SF)
APN
06-368-0407
UPID
US86-1309545
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fidelity National Title Agency of Utah Title Company
-
Guru Labs Vocational School Training Center
-
Oh Brother Digital Advertising Agency Marketing & Advertising
-
TR Hyde Real Estate Sales Real Estate Agency
-
Katie Marble Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.89M
Blend (final)
Blend
$7.87M
Owner & transaction history
South Davis Sewer District · 5 yrs held
South Davis Sewer District
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.8M
+81.9%
Restaurant
$9.8M
+50.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Centerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,505,000
Current use
MEDICAL BUILDING
$11,830,000
Change: +82% · Conversion: Easy
RESTAURANT
$9,775,000
Change: +50% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,200,000
Change: -5% · Conversion: Easy
RETAIL STORES
$6,195,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,145,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$7.87M
Range $7.08M – $8.65M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$108 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$167,557
Tax year 2023
Assessed value
$8,910,000
Assessed 2023
Previous assessed
$8,910,000
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$747,968
Assessed improvement
$8,162,031
Land market value
$1,359,943
Improvement market value
$14,840,057
Total market value
$16,200,000
Applied tax rate
108.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2014
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Total area
72,560 SF
Lot
2.32 ac (101,146 SF)
APN
06-368-0407
UPID
US86-1309545
Jurisdiction
DAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$11.8M
RESTAURANT
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
RETAIL STORES
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.1M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
PACKAGE
Cooling
Yes
Stories
4
Lot
2.32 ac
Current owner
From public records · entity-resolved
South Davis Sewer District
Individual
Free & Clear · 5 yrs held
Mailing address
1216 W LEGACY XING BLVD STE #300, CENTERVILLE, UT 84014-5597
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2020
—
South Davis Sewer District
Legacy Crossing LLC
Grant Deed
—
Jul 12, 2019
—
Legacy Office Building LLC
—
Deed
related
$9,750,000 · Phl Variable Ins Co
Oct 30, 2018
—
Legacy Office Building LLC
—
Deed
related
$8,943,644 · Keybank USA
—
—
Legacy Office Building LLC
—
Loan Modification
related
$8,943,644 · Keybank USA
—
—
Legacy Office Building LLC
—
Deed Of Trust
related
$9,750,000 · Phl Variable Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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