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Property profile & analytics
OFF-MARKET
Estimated value
$5,015,000
Office buildings
1216 Legacy Xing Blvd Centerville, UT 84014-5590
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0947746
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Total area
45,225 SF
Lot
2.79 ac (121,445 SF)
APN
06-368-0408
UPID
US86-0947746
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
-
Cottonwood Title Insurance Agency, Inc. Insurance Agency
-
Henry Walker Homes Construction Company General Contractor
-
Justice Works, LLC Corporate Office
-
Tilly & Vine Interior Design Home Decor Store
-
J. Fisher Companies Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$5.02M
Owner & transaction history
Strategic Builders LLC · 4 yrs held
Strategic Builders LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.4M
+81.9%
Restaurant
$6.1M
+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
$4,055,000
Current use
MEDICAL BUILDING
$7,375,000
Change: +82% · Conversion: Easy
RESTAURANT
$6,090,000
Change: +50% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,865,000
Change: -5% · Conversion: Easy
RETAIL STORES
$3,860,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,830,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$5.02M
Range $4.51M – $5.52M · ±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
$111 / 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
$103,430
Tax year 2023
Assessed value
$5,500,000
Assessed 2023
Previous assessed
$5,500,000
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$859,613
Assessed improvement
$4,640,387
Land market value
$1,562,933
Improvement market value
$8,437,068
Total market value
$10,000,001
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
Off-Market
Year built
2019
Heating
NONE
Cooling
AC.PACKAGE
Stories
3
Total area
45,225 SF
Lot
2.79 ac (121,445 SF)
APN
06-368-0408
UPID
US86-0947746
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
$4.1M
MEDICAL BUILDING
Est. value
$7.4M
RESTAURANT
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
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
2019
Heating
NONE
Cooling
Yes
Stories
3
Lot
2.79 ac
Current owner
From public records · entity-resolved
Strategic Builders LLC
Entity
Mailing address
1216 W LEGACY XING BLVD STE #300, CENTERVILLE, UT 84014-5597
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
—
Strategic Builders LLC
Parrish Grossing LLC
Lease
—
Sep 29, 2021
—
Parrish Crossing LLC
—
Deed
related
$4,111,111 · Transportation Alliance Bank INC
Jun 8, 2021
—
Parrish Crossing LLC
—
Deed
related
$7,600,000 · Transportation Alliance Bank INC
Sep 18, 2020
—
South Davis Sewer District
Legacy Crossing LLC
Grant Deed
—
May 16, 2019
—
Parrish Crossing LLC
S & J 5 LLC
Grant Deed
$8,000,000 · Miscellaneous Ins Co
Jan 12, 2017
—
S & J 5 LLC
Jf Lob II LLC
Grant Deed
related
—
Dec 8, 2015
—
Jf Lob II LLC
Jack Fisher Group LLC
Grant Deed
$1,850,000 · * Other Institutional Lenders
Nov 25, 2015
—
Jack Fisher Group LLC
Legacy Crossing LLC
Grant Deed
related
—
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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