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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2055 Hwy 89 Perry, UT 84302-4122

    • Office buildings
    • 15,250 SF
    • 1.73 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1221931
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Nielson's / Fruit And Vegetable Wholesaler

    Property Details for 2055 Hwy 89

    Year built
    1979
    Lot size
    1.73 lot acres
    Property size
    15,250 SF
    Property type
    Office buildings
    APN
    03-158-0033
    APU
    31580033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $691,000
      Market price range: $692k - $2.64M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Box Elder
    State
    Utah
    Longitude
    -112.026
    Latitude
    41.4721
    CBSA code
    36260
    CBSA name
    OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,231
    $197,817
    $228,266
    $426,083
    -
    $197,817
    $228,266
    $426,083

    Comparable in this City

    • Value Estimation
      $280,000
      0.12 Acres

      Brigham City, UT 84302

      OFFICE BUILDING • 0.12 Acres
      Brigham City, UT 84302
      View Details
    • Value Estimation
      $65,000
      16,524 SF

      1047 600th N Ste B7

      OFFICE BUILDING • 16,524 SF
      1047 600th N Ste B7, Brigham City, UT 84302-6775
      View Details
    • Value Estimation
      $275,000
      716 SF

      117 Beecher Ave

      OFFICE BUILDING • 716 SF
      117 Beecher Ave, Brigham City, UT 84302-3400
      View Details
    • Value Estimation
      $435,000
      11,596 SF

      577 Main St

      OFFICE BUILDING • 11,596 SF
      577 Main St, Brigham City, UT 84302
      View Details
    • Value Estimation
      $270,000
      648 SF

      37 Main St

      OFFICE BUILDING • 648 SF
      37 Main St, Brigham City, UT 84302-2526
      View Details
    • Value Estimation
      $295,000
      1,435 SF

      76 Main St

      OFFICE BUILDING • 1,435 SF
      76 Main St, Brigham City, UT 84302-2527
      View Details

    Similar Nearby for Sale

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      Land with Panoramic Willard Bay Views

      Residential lot with utilities, no HOA, and scenic trails.
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      Ready-to-build lot with mountain views in established neighborhood.
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    • $175,000
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      Residential Land in Brigham City

      Land available in Brigham Vista Subdivision, ready for development.
      417 E Skyline Dr, Brigham City, UT 84302
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      Brigham City Industrial Land Parcels

      10.16 acres of industrial land across multiple parcels.
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      Industrial Building with Utility Business

      Industrial building with a utility maintenance and repair company included.
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    Similar Nearby for Lease

    • $18 SF/Yr
      2,454 SF

      Medical Office Space Available

      Medical office space for rent near Brigham City Community Hospital.
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      View Details
    • Contact for pricing
      46,174 SF

      Brigham City Commercial Space Available

      Commercial space for office, retail, and restaurant in Brigham City.
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    • Contact for pricing
      27,443 SF

      Office Suites in Historic Building

      Single office suites available in a historic Brigham City building.
      144 S 100 W, Brigham City, UT 84302
      View Details
    • $3,750 /Mo

      Perry Land for Lease

      2.36 acres of commercial land available for lease.
      945 S 1600 W, Perry, UT 84302
      View Details
    • Contact for pricing
      102,802 SF

      Perry UT Freeway Frontage Lease

      High-traffic commercial land, I-15 access
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      2,147 SF

      Retail Spaces Available For Lease

      Multiple retail spaces available for lease in Brigham City, Utah.
      1100 S 1100 W, Brigham City, UT 84302
      View Details
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    2055 Hwy 89
    Perry, UT 84302-4122
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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