Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    331 Parrish Ln Centerville, UT 84014-1852
    Back to Search
    Property profile & analytics

    331 Parrish Ln, Centerville, UT 84014-1852

    View on Map
    • Community centers
    • 9,600 SF
    • 0.96 lot acres
    Off-Market
    Last Sale Feb 11, 2022
    Property ID
    US86-0598639
    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.
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shred Nations / Recycling Center / Waste Management Facility
    • T-Mobile Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
    • Fern Design Co / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Saharnaz Tehranchi / Dental Office
    • Ben Philbert Cannon / Physician

    Property Details for 331 Parrish Ln

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.96 lot acres
    Zone code
    C-VH
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    02-213-0003
    APU
    22130003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 11, 2022 — Parrish Lane Market LLC Centervillie Marketplace Holding Ll Intrafamily Transfer · related $3.6M · Granite FCU
    Oct 12, 2021 — Centerville Marketplace Holding LLC — Deed · related $9.6M · D L Evans Bank
    Mar 14, 2008 — Marketplace Holdin Centerville Millcreek Partners LLC Warranty Deed —
    Aug 23, 2007 — Millcreek Partners LLC Wal-mart Stores INC Grant Deed —
    — — Centerville Marketplace Holdin — Deed Of Trust · related $1.7M · Zions First National Bank
    — — Marketplace Holdin Centerville — Deed Of Trust · related $2.5M · Barnes Banking Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $714,000
      Market price range: $374k - $714k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $545,000
      Current use
      OFFICE BUILDING
      $860,000
      Change: +58% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $820,000
      Change: +51% Conversion: Difficult
      RETAIL STORES
      $820,000
      Change: +51% Conversion: Easy
      AUTO REPAIR, GARAGE
      $815,000
      Change: +49% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Davis
    State
    Utah
    Longitude
    -111.884
    Latitude
    40.9211
    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
    $24,872
    $344,998
    $977,577
    $1,322,576
    -
    $627,270
    $1,777,414
    $2,404,684

    Comparable in this City

    • Value Estimation
      $2,820,000
      61,031 SF

      324 Market Pl Dr

      MINI-MALL
      324 Market Pl Dr, Centerville, UT 84014
      View Details
    • Value Estimation
      $2,640,000
      61,031 SF

      324 Market Pl Dr

      MINI-MALL
      324 Market Pl Dr, Centerville, UT 84014
      View Details
    • Value Estimation
      $1,775,000
      31,520 SF

      254 Market Pl Dr

      MINI-MALL
      254 Market Pl Dr, Centerville, UT 84014
      View Details
    • Value Estimation by Request
      4,447 SF

      382 Main St

      SHOPPING CENTER, STRIP CENTER
      382 Main St, Centerville, UT 84014-1819
      View Details
    • Value Estimation by Request
      4,461 SF

      386 Main St

      SHOPPING CENTER, STRIP CENTER
      386 Main St, Centerville, UT 84014-1819
      View Details
    • Value Estimation
      $2,855,000
      90,482 SF

      49 Frontage Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      49 Frontage Rd, Centerville, UT 84014-2163
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,650 SF

      Centerville Gas Station - UT

      Prime Retail Location, 1650 SF, 0.52 Acres
      95 Main St, Centerville, UT 84014
      View Details
    • Contact for pricing

      Retail Space Available For Sale

      Retail space for sale with a 4.75% CAP rate.
      250 West Parrish Ln, Centerville, UT 84014
      View Details
    • Contact for pricing

      Freeway Visible Property For Sale

      Two-story property with parking garage and freeway access.
      520 N Market Place Dr, Centerville, UT 84014
      View Details
    • $323,500
      Pending

      Land For Sale

      Land available for purchase in Davis County, Utah.
      1159 N Oakridge Dr, Centerville, UT 84014
      View Details
    • $275,000
      0.11 Acres

      Residential Land with Mountain Views

      Centerville, UT lot ready for your dream home.
      385 E Randall Way S, Centerville, UT 84014
      View Details
    • $10,900,000
      50,476 SF

      Centerville Office Building - Utah

      Prime Centerville Office Space, 50,476 SF
      520 Market Place Dr, Centerville, UT 84014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Centerville Market

      Retail spaces available in shopping center anchored by Target & Home Depot.
      621 N Market Place Dr, Centerville, UT 84014
      View Details
    • Contact for pricing
      4,797 SF

      Class A Office Space Available

      Class A office space with high-end finishes and plentiful parking.
      1148 W Legacy Crossing Blvd, Centerville, UT 84014
      View Details
    • Contact for pricing

      Centerville Flex Space Available

      4,400 SF flex space with office and warehouse.
      803 N 1250 W, Centerville, UT 84014
      View Details
    • Contact for pricing
      1,500 SF

      Centerville Commercial Space Available

      Commercial space available for rent in Centerville, Utah.
      67 N 1400 W, Centerville, UT 84014
      View Details
    • Contact for pricing
      2,500 SF

      Centerville Flex Space For Rent

      Flex space with immediate access to I-15 and Legacy Parkway.
      239 N 1250 W, Centerville, UT 84014
      View Details
    • Contact for pricing
      400 SF

      Centerville Office Space For Rent

      Office space for rent in Centerville, Utah.
      200 W Parrish Ln, Centerville, UT 84014
      View Details

    Property Visit Statistics

    • Visits by month
      6.1k
    • Visitors by month
      6.1k
    • Avg Time on site
      5 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    331 Parrish Ln
    Centerville, UT 84014-1852
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    331 Parrish Ln, Centerville, UT, 84014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!