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Property profile & analytics
OFF-MARKET
Estimated value
$5,505,000
Office buildings
214 1500th S Bountiful, UT 84010-7408
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0314062
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,928 SF
Lot
0.62 ac (27,094 SF)
Zoning code
CG
APN
03-218-0006
UPID
US86-0314062
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
-
Utah Eye Centers - Bountiful Eye Care Center Ophthalmologist
-
Utah Eye instute Association / Organization
-
Dr. Michael B. Wilcox, MD Ophthalmologist
-
Douglas Greene Physician
-
Dr. Patricia Beaty Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.18M
Comparable Approach
Comparable
$5.83M
Blend (final)
Blend
$5.51M
Owner & transaction history
Eyelands LLC · 10 yrs held
Eyelands LLC
since 2015
5 recorded transactions
Zoning & alternative use
CG · Bountiful, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.3M
+49.2%
Commercial (general)
$6.2M
+47.7%
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%
$5,605,000
6.5%
$5,175,000
7%
$4,805,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,200,000
Current use
MEDICAL BUILDING
$6,265,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,205,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$5.51M
Range $4.95M – $6.06M · ±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
$212 / 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
$81,112
Tax year 2023
Assessed value
$4,438,500
Assessed 2023
Previous assessed
$4,438,500
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$223,528
Assessed improvement
$4,214,972
Land market value
$406,415
Improvement market value
$7,663,586
Total market value
$8,070,001
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
25,928 SF
Lot
0.62 ac (27,094 SF)
Zoning code
CG
APN
03-218-0006
UPID
US86-0314062
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
OFFICE BUILDING Current
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.2M
OFFICE BUILDING Current
MEDICAL BUILDING
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ZONE
Cooling
Yes
Stories
3
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Eyelands LLC
Entity
Mailing address
4360 WASHINGTON BLVD, OGDEN, UT 84403-1866
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
—
Eyelands LLC
—
Deed
related
$14,312,874 · Bank Of Utah
May 14, 2019
—
Eyelands LLC
—
Grant Deed
related
$5,500,000 · Bank Of Ut
Sep 16, 2015
—
Eyelands LLC
Broadhead & Co
Grant Deed
$3,800,000 · Bank Of Ut
Sep 4, 2015
—
Broadhead & Co
Broadhead,bruce V
Quit Claim Deed
related
—
Aug 27, 2015
—
Bruce V Broadhead
Renaissance Towne Props LLC
Grant 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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