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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Medical Office Space
1477 2000th W Clinton, UT 84015-8638
Entity Owned
2-yr Hold
Free & Clear
Property ID
US86-0865549
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2008
Total area
12,696 SF
Lot
1.79 ac (77,885 SF)
Zoning code
PZ
APN
14-505-0303
UPID
US86-0865549
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.41M
Owner & transaction history
Utah Department Of Transportation · 2 yrs held
Utah Department Of Transportation
since 2023
4 recorded transactions
Zoning & alternative use
PZ · Clinton, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+71.6%
Office building
$1.8M
+1.5%
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 Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton 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%
$2,630,000
6.5%
$2,425,000
7%
$2,255,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,805,000
Current use
COMMERCIAL (GENERAL)
$3,095,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$1,830,000
Change: +1% · Conversion: Easy
RESTAURANT
$1,800,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±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
$190 / 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
$48,797
Tax year 2023
Assessed value
$2,640,000
Assessed 2023
Previous assessed
$2,640,000
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$365,383
Assessed improvement
$2,274,616
Land market value
$664,334
Improvement market value
$4,135,666
Total market value
$4,800,000
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
12,696 SF
Lot
1.79 ac (77,885 SF)
Zoning code
PZ
APN
14-505-0303
UPID
US86-0865549
Jurisdiction
DAVIS
Zoning & alternative use
PZ · Clinton, UT
Zoning PZ · permitted uses
PZ · Clinton, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clinton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2008
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Utah Department Of Transportation
Entity
Free & Clear · 2 yrs held
Mailing address
4501 S CONSTITUTION BLVD, TAYLORSVILLE, UT 84129-5928
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
—
Utah Department Of Transportation
Medical Building LLC
Warranty Deed
—
Jul 31, 2020
—
Medical Building LLC
Ericksen Leasing Services LLC
Warranty Deed
$3,000,000 · Zb NA
Jul 8, 2020
—
Ericksen Leasing Services LLC
Teton Investment Holding LLC
Quit Claim Deed
related
—
—
—
Ericksen Leasing Services LLC
—
Deed Of Trust
related
$384,650 · Ericksen Investments LLC
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.
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