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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Community centers
254 Market Pl Dr Centerville, UT 84014
Entity Owned
12-yr Hold
Free & Clear
Property ID
US86-0197793
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2003
Total area
31,520 SF
Lot
4.47 ac (194,713 SF)
Zoning code
C-VH
APN
02-161-0009
UPID
US86-0197793
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$1.78M
Owner & transaction history
Deerwood Properties Utah LLC · 12 yrs held
Deerwood Properties Utah LLC
since 2014
5 recorded transactions
Zoning & alternative use
C-VH · Centerville, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+58.1%
Apartment house (5+ units)
$2.7M
+50.8%
Retail stores
$2.7M
+50.6%
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 Centerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centerville 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
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,785,000
Current use
OFFICE BUILDING
$2,825,000
Change: +58% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,695,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$2,690,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,670,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±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
$56 / 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
$91,935
Tax year 2023
Assessed value
$4,888,714
Assessed 2023
Previous assessed
$4,888,714
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,221,737
Assessed improvement
$3,666,977
Land market value
$2,221,341
Improvement market value
$6,667,231
Total market value
$8,888,572
Applied tax rate
508.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2003
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
4
Total area
31,520 SF
Lot
4.47 ac (194,713 SF)
Zoning code
C-VH
APN
02-161-0009
UPID
US86-0197793
Jurisdiction
DAVIS
Zoning & alternative use
C-VH · Centerville, UT
Zoning C-VH · permitted uses
C-VH · Centerville, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Centerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2003
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
4.47 ac
Current owner
From public records · entity-resolved
Deerwood Properties Utah LLC
Entity
Free & Clear · 12 yrs held
Mailing address
3720 S SUSAN ST STE #100, SANTA ANA, CA 92704-6957
Ownership since
2014
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
Feb 12, 2014
—
Deerwood Properties Utah LLC
Jgnk Investments LLC
Quit Claim Deed
related
—
Mar 1, 2010
—
Jgnk Investments LLC
Tingey Real Estate Ltd
Grant Deed
—
Jun 6, 2005
—
Bgn Properties Centerville LLC
Independence Square Ents LLC
Quit Claim Deed
related
—
—
—
Deerwood Properties Utah LLC
—
Deed Of Trust
related
$5,000,000 · Thrivent Fin'l/lutherans
—
—
Independence Square Enterprise
—
Deed Of Trust
related
$4,280,000 · Nationwide Life Insurance Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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