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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Drive through restaurants
350 Sta Pkwy Farmington, UT 84025
Entity Owned
10-yr Hold
Free & Clear
Property ID
US86-0637739
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2016
Total area
4,795 SF
Lot
0.88 ac (38,463 SF)
Zoning code
TMU
APN
08-483-0010
UPID
US86-0637739
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
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$752k
Blend (final)
Blend
$590k
Owner & transaction history
Chick-fil-a INC · 10 yrs held
Chick-fil-a INC
since 2016
7 recorded transactions
Zoning & alternative use
TMU · Farmington, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The TMU district consists of the approved station park regional retail and mixed use project and other land within proximity to the transit station. The TMU district is intended to be developed in a manner that promotes walkability and enhances the desirability of transit use, allowing residents, workers and shoppers to walk to transit and other destinations…
Zone name
Transit Mixed Use
General category
MIXED_USE
Zone area
135.40 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$785,000
+34.1%
Medical building
$780,000
+34.0%
Office building
$645,000
+10.7%
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$585,000
Current use
COMMERCIAL (GENERAL)
$785,000
Change: +34% · Conversion: Easy
MEDICAL BUILDING
$780,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$123 / 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
$19,247
Tax year 2023
Assessed value
$1,076,915
Assessed 2023
Previous assessed
$1,076,915
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$285,591
Assessed improvement
$791,324
Land market value
$519,257
Improvement market value
$1,438,772
Total market value
$1,958,029
Applied tax rate
623.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2016
Heating
NONE
Stories
1
Units
1
Total area
4,795 SF
Lot
0.88 ac (38,463 SF)
Zoning code
TMU
APN
08-483-0010
UPID
US86-0637739
Jurisdiction
DAVIS
Zoning & alternative use
TMU · Farmington, UTZoning TMU · permitted uses
TMU · Farmington, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The TMU district consists of the approved station park regional retail and mixed use project and other land within proximity to the transit station. The TMU district is intended to be developed in a manner that promotes walkability and enhances the desirability of transit use, allowing residents, workers and shoppers to walk to transit and other destinations within the district
Zone name
Transit Mixed Use
General category
MIXED_USE
Zone area
135.40 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$785,000
MEDICAL BUILDING
Est. value
$780,000
OFFICE BUILDING
Est. value
$645,000
RESTAURANT Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2016
Heating
NONE
Stories
1
Units
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Chick-fil-a INC
Entity
Free & Clear · 10 yrs held
Mailing address
5200 BUFFINGTON RD, ATLANTA, GA 30349-2945
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2019
—
Cinemark USA INC
—
Deed
related
—
Jan 27, 2017
—
Station Park Centercal LLC
—
Deed
related
—
Mar 14, 2016
—
Chick-fil-a INC
Station Park Centercal LLC
Grant Deed
—
Jan 29, 2013
—
Station Park Centercal LLC
—
Loan Modification
related
$61,600,000 · Wells Fargo Bank
Apr 4, 2011
—
Station Park Centercal LLC
—
Grant Deed
related
$54,400,000 · Wells Fargo Bk
—
—
Cinemark USA INC
—
Loan Modification
related
—
—
—
Station Park Centercal LLC
—
Loan Modification
related
—
—
—
Station Park Centercal LLC
—
Loan Modification
related
$145,000,000 · Wells Fargo Bank
—
—
Cinemark USA INC
—
Loan Modification
related
—
—
—
Cinemark USA INC
—
Loan Modification
related
—
—
—
Station Park Centercal LLC
—
Loan Modification
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.
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