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1645 Highway 193 E, Layton, UT 84040
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Property summary
AI-generated overview
The property is an office building totaling 7,919 square feet. It has features consistent with renovated interiors and offers elevated/panoramic views. The building is located near Hill Air Force Base and provides access to Interstate 15, Highway 89, and Highway 193. The site includes parking at a reported ratio of 5 spaces per 1,000 square feet in Davis County and contains pads intended to support future expansion. A backup generator is included, and tenant improvements are available for customizing space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
36,160 SF
Lot
9 ac (392,040 SF)
Zoning code
B-RP
APN
09-051-0032
UPID
US86-0138633
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.22M
Comparable Approach
Comparable
$5.24M
Blend (final)
Blend
$6.23M
Owner & transaction history
since 2024
7 recorded transactions
Zoning & alternative use
B-RP · Layton, UT
Top alternative use upside
Commercial (general)
$7.3M
+27.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$6.23M
Value range
$5.61M – $6.85M
±10% around blend
Estimated value / SF
$172 / SF
Confidence
Property data
100
Comparable evidence
60
Income certainty
100
$5.61M
blend $6.23M
$6.85M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
36,160 SF
Lot area
9 ac
Year built
2000
Stories
2
APN
09-051-0032
Zoning
B-RP
Assessed value
$3,090,096
Annual tax
$57,293
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.22M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.82M
@ 6.5% CAP return
$7.22M
@ 7% CAP return
$6.70M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$57,293
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.24M
Range $2.68M – $8.76M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.23M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+27%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.66M
Move the market yield to see immediate price impact.
Value / SF
$46
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$104k
$2.09M
$1.49M
$1.16M
$116k
$2.32M
$1.66M
$1.29M
$127k
$2.55M
$1.82M
$1.42M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$57,293
Tax year 2023
Assessed value
$3,090,096
Assessed 2023
Previous assessed
$3,090,096
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$1,617,165
Assessed improvement
$1,472,931
Land market value
$2,940,300
Improvement market value
$2,678,058
Total market value
$5,618,358
Applied tax rate
639.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
36,160 SF
Lot
9 ac (392,040 SF)
Zoning code
B-RP
APN
09-051-0032
UPID
US86-0138633
Jurisdiction
DAVIS
Zoning & alternative use
B-RP · Layton, UTZoning B-RP · permitted uses
B-RP · Layton, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
9 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-RP
Jurisdiction
Layton, UT
Recorded code
B-RP
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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