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Property profile & analytics
OFF-MARKET
Medical Office Space
1500 1500th E 2 Clearfield, UT 84015
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0864184
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1985
Total area
1,814 SF
Lot
0.01 ac (436 SF)
Zoning code
C-1
APN
09-397-0002
UPID
US86-0864184
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kreck Investments Ltd · 11 yrs held
Kreck Investments Ltd
since 2015
1 recorded transaction
Zoning & alternative use
C-1 · Clearfield, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-1 commercial zone is established to provide areas for general office and service uses, mixed with light retail uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
36.19 ac
Source
Realmo
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 Clearfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clearfield 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,078
Tax year 2023
Assessed value
$354,750
Assessed 2023
Previous assessed
$354,750
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$2,036
Assessed improvement
$352,713
Land market value
$3,703
Improvement market value
$641,297
Total market value
$645,000
Applied tax rate
13.0000
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
1985
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
4
Total area
1,814 SF
Lot
0.01 ac (436 SF)
Zoning code
C-1
APN
09-397-0002
UPID
US86-0864184
Jurisdiction
DAVIS
Zoning & alternative use
C-1 · Clearfield, UTZoning C-1 · permitted uses
C-1 · Clearfield, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-1 commercial zone is established to provide areas for general office and service uses, mixed with light retail uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
36.19 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
4
Lot
0.01 ac
Current owner
From public records · entity-resolved
Kreck Investments Ltd
Entity
Free & Clear · 11 yrs held
Mailing address
2185 N ROBINS DR STE #203, LAYTON, UT 84041-1191
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2015
—
Kreck Investments Ltd
Davis North Management LLC
Warranty 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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