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Property profile & analytics
FOR LEASE
Medical Office Space
1551 Renaissance Towne Dr, Bountiful, UT 84010
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0307251
For Lease
1 / 6
$19,985,000
1551 Renaissance Towne Dr, Bountiful, UT 84010
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
113,265 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CG
APN
03-225-0001
UPID
US86-0307251
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
-
US Title Bountiful Title Company
-
Mountainwest Surgical Center: Martineau Chad Employment Agency
-
Sportsmed Physical Therapy Medical Clinic
-
Sumpter Robert T Physician
-
Summit Hand Therapy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.99M
Owner & transaction history
Ag Cw Renaissance Mob Owner LLC · 1 yrs held
Ag Cw Renaissance Mob Owner LLC
since 2024
3 recorded transactions
Zoning & alternative use
CG · Bountiful, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bountiful submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bountiful 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%
$23,455,000
6.5%
$21,650,000
7%
$20,105,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$27,365,000
Current use
COMMERCIAL (GENERAL)
$27,100,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$19.99M
Range $17.99M – $21.98M · ±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
$176 / 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
$202,365
Tax year 2023
Assessed value
$11,113,561
Assessed 2023
Previous assessed
$11,113,561
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$217,418
Assessed improvement
$10,896,142
Land market value
$395,307
Improvement market value
$19,811,169
Total market value
$20,206,476
Applied tax rate
503.0000
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
For Lease
Year built
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
5
Units
5
Total area
113,265 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CG
APN
03-225-0001
UPID
US86-0307251
Jurisdiction
DAVIS
Zoning & alternative use
CG · Bountiful, UT
Zoning CG · permitted uses
CG · Bountiful, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bountiful. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$27.4M
COMMERCIAL (GENERAL)
Est. value
$27.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
5
Units
5
Lot
0.55 ac
Current owner
From public records · entity-resolved
Ag Cw Renaissance Mob Owner LLC
Entity
Mailing address
16435 N SCOTTSDALE RD STE #320, SCOTTSDALE, AZ 85254-1694
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2024
—
Ag Cw Renaissance Mob Owner LLC
Hta Renaissance LLC
Special Warranty Deed
$150,000,000 · Capital One NA
Jun 30, 2008
—
G&e Healthcare Reit Renaissance LLC
Rtc Mountainwest Medical Building L
Special Warranty Deed
—
—
—
Rtc Mountainwest Medical Build
—
Deed Of Trust
related
$21,250,000 · Cibc INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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