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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office Spaces
2405 Hl Fld Rd Layton, UT 84041-7107
Trust Owned
17-yr Hold
Free & Clear
Property ID
US86-0627141
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1953
Construction
WOOD
Total area
4,016 SF
Lot
0.59 ac (25,657 SF)
Zoning code
PB
APN
09-037-0086
UPID
US86-0627141
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
-
Dorius Academy High School Vocational School
-
The Fried Man Restaurant Restaurant
-
Law Offices of Bond & Bond Law Firm
-
Justin C Bond Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$665k
Owner & transaction history
Evans Dixie D Trust · 17 yrs held
Evans Dixie D Trust
since 2009
5 recorded transactions
Zoning & alternative use
PB · Layton, 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 Layton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Layton 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%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$815,000
Current use
OFFICE BUILDING
$655,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$166 / 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
$5,844
Tax year 2023
Assessed value
$313,452
Assessed 2023
Previous assessed
$313,452
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$190,501
Assessed improvement
$122,950
Land market value
$346,367
Improvement market value
$223,547
Total market value
$569,914
Applied tax rate
39.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
4,016 SF
Lot
0.59 ac (25,657 SF)
Zoning code
PB
APN
09-037-0086
UPID
US86-0627141
Jurisdiction
DAVIS
Zoning & alternative use
PB · Layton, UT
Zoning PB · permitted uses
PB · Layton, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Layton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$815,000
OFFICE BUILDING
Est. value
$655,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1953
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Evans Dixie D Trust
Trust
Free & Clear · 17 yrs held
Mailing address
2405 N HL FLD RD, LAYTON, UT 84041-7107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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 6, 2009
—
Evans Dixie D Trust
Bond,dixie D
Quit Claim Deed
related
—
Nov 15, 2007
—
Evans Dixie D Trust
Bond,dixie D
Quit Claim Deed
related
—
Dec 17, 1999
—
Dixie D Bond
Ashby,margaret
Grant Deed
related
—
Dec 29, 1997
—
David L Miller
Miller,david L & Kate
Quit Claim Deed
related
—
—
—
Dixie D Bond
—
Deed Of Trust
related
$101,750 · Chase Manhattan Mortgage Corp
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.
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