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    Property profile & analytics

    255 2675 Layton, UT 84041

    • Garden apartment buildings
    • 2,200 SF
    • 0.01 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $265,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0420383
    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

    • ProphaseDesign / The Banner Hut / Banner Store / Print Shop
    • Got Dirt House Cleaning LLC / House Cleaning Service
    • Drain Tech Plumbing / Contractor / Drainage Service
    • ShirtRack / Graphic Designer / Embroidery Service
    • HRS Insulation / Insulation Contractor

    Property Details for 255 2675

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.01 lot acres
    Property size
    2,200 SF
    Zone code
    CP-2
    Property type
    Garden apartment buildings
    APN
    09-378-0001
    APU
    93780001

    Description

    This exceptional 35,140 square foot single-story building, constructed in 2006, offers a unique blend of creative office and warehouse space. Currently featuring multiple tenants, one 2,200 square foot space is immediately available. The property boasts a desirable location in Layton, providing easy access to major roadways and amenities, making it exceptionally convenient for employees and clients alike. Its proximity to Hill Air Force Base is a significant advantage. The available unit includes a reception area, private office, conference room, and one restroom. A substantial 1,600 square foot warehouse area is also included. The space is further enhanced by the inclusion of existing office furniture and a printer, minimizing upfront setup costs for the new tenant. The high ceilings, measuring 18 feet, provide ample vertical space for various uses. This property presents a rare opportunity to secure a versatile and well-appointed flex space in a prime Layton location. The building's single-story design and efficient layout contribute to its overall functionality and appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $385,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $174,000
      Market price range: $175k - $197k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $185,000
      Current use
      OFFICE BUILDING
      $360,000
      Change: +97% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $195,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $165,000
      Change: -9% Conversion: Difficult
      MEDICAL BUILDING
      $155,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Layton
    County
    Davis
    State
    Utah
    Longitude
    -111.971
    Latitude
    41.0988
    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
    2023
    $2,183
    $1,437
    $118,201
    $119,638
    -
    $2,614
    $214,911
    $217,525

    Comparable in this City

    • Value Estimation
      $275,000
      2,226 SF

      255 2675th N Ste 1b

      GARDEN APT, COURT APT (5+ UNITS) • 2,226 SF
      255 2675th N Ste 1b, Layton, UT 84041-7133
      View Details
    • Value Estimation
      $345,000
      4,620 SF

      790 Ft Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,620 SF
      790 Ft Ln, Layton, UT 84041-2667
      View Details
    • Value Estimation
      $305,000
      3,570 SF

      1525 1650th N

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,570 SF
      1525 1650th N, Layton, UT 84041-1821
      View Details
    • Value Estimation
      $305,000
      3,552 SF

      1517 1650th N

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,552 SF
      1517 1650th N, Layton, UT 84041-1822
      View Details
    • Value Estimation
      $325,000
      4,160 SF

      450 Elm St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,160 SF
      450 Elm St, Layton, UT 84041-4366
      View Details
    • Value Estimation
      $295,000
      3,224 SF

      1737 1450th W

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,224 SF
      1737 1450th W, Layton, UT 84041-1542
      View Details

    Similar Nearby for Sale

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      Updated duplex with territorial views, close to Hill AFB.
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      Layton Industrial/Flex Space Opportunity

      30,136 SF industrial/flex space in Layton, Utah for sale.
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      New Retail Asset in Layton

      Newly constructed retail property with long-term leases and strong tenants.
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    • Contact for pricing

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      Strategically located commercial land near major highways in a growing city.
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      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      35,140 SF

      Layton Flex Space: Windsor Square

      Modern Layton Flex Office/Warehouse
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      View Details
    • $5,846,000
      8,973 SF

      Furnished Office Space Near I-15

      Furnished office space with immediate I-15 access and transit proximity.
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      View Details
    • Contact for pricing
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      Retail Redevelopment Opportunity

      High-profile retail space available in Layton, Utah.
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      View Details
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      Retail Space on Main Street

      Retail space for rent with high visibility and signage.
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      Layton Office Space For Rent

      Office space for rent, convenient location near Layton Hills Mall.
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      View Details
    • $27 SF/Yr
      1,240 SF

      Retail Space in Layton Crossing

      Retail space available in high-traffic Layton shopping center.
      852 W Hill Field Rd, Layton, UT 84041
      View Details
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    255 2675
    Layton, UT 84041
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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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