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    370 W 500 S Bountiful, UT 84010
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    370 W 500 S, Bountiful, UT 84010

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    • Drive through restaurants
    • 5,639 SF
    • 0.80 lot acres
    For Sale
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    Office Condos in Bountiful For Sale
    Contact for pricing

    Office Condos in Bountiful

    Office condos for sale or lease in Bountiful, Utah.

    370 W 500 S, Bountiful, UT 84010
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    Property ID
    US86-0766424
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 370 W 500 S

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Zone code
    CG
    Property type
    Drive through restaurants
    APN
    03-025-0122
    APU
    30250122

    Description

    This exceptional new medical office development in Bountiful, Utah, offers four professional condo units ranging from 1,200 to 6,000 square feet. Located on a high-traffic section of 500 South, this two-story building boasts excellent visibility and ample parking, ensuring convenient access for patients and staff. The property is currently under construction with an estimated completion date in the third quarter of 2025. Each unit is delivered in a grey shell condition, allowing for complete customization to suit individual medical practices' specific needs and preferences. The building's prime location in Davis County, Utah, provides easy access for patients throughout the Bountiful area and beyond. Purchase options are available at $370 per square foot, while lease rates are set at $35 per square foot, triple net (NNN). This presents a unique opportunity to establish or expand a medical practice in a thriving community with high visibility and convenient access. The building's modern design and strategic location make it an ideal investment for healthcare professionals seeking a high-quality, well-situated space. Contact us today to learn more about this exciting opportunity and secure your space in this sought-after medical office development. The address is 370 W 500 S, Bountiful, UT 84010.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bountiful
    County
    Davis
    State
    Utah
    Longitude
    -111.889
    Latitude
    40.8847
    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
    $11,279
    $287,496
    $301,440
    $588,936
    -
    $522,720
    $548,074
    $1,070,794

    Comparable in this City

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      1,238 SF

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      DRIVE-THRU RESTAURANT, FAST FOOD
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      2,260 SF

      616 2600th S

      DRIVE-THRU RESTAURANT, FAST FOOD
      616 2600th S, Woods Cross, UT 84010-8190
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    • Value Estimation
      $500,000
      2,784 SF

      273 500th S

      DRIVE-THRU RESTAURANT, FAST FOOD
      273 500th S, Bountiful, UT 84010-7233
      View Details
    • Value Estimation
      $650,000
      5,662 SF

      610 2600th S

      DRIVE-THRU RESTAURANT, FAST FOOD
      610 2600th S, Woods Cross, UT 84010-8190
      View Details

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      Profitable Gas Station in Bountiful

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      Pending

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      Woods Cross Automotive Shop

      Well-maintained auto repair facility in Woods Cross, Utah.
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      Bountiful Land For Sale

      Land available in Davis County, Bountiful, Utah.
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    Similar Nearby for Lease

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      5,049 SF

      Free Standing Retail Building

      5,049 SF free standing building with drive-thru available for lease.
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      5,000 SF

      High Exposure Retail Pads Available

      Retail and restaurant pads available for ground lease or build-to-suit.
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      1,405 SF

      Retail Space Near Dick's Market

      Retail space available with pylon and monument signage.
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      1,500 SF

      Retail Space in Anchored Center

      1,500 SF retail space in Smith's anchored center.
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      9,000 SF

      Retail Space with I-15 Exposure

      9,000 SF retail space with excellent co-tenancy and parking.
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      Retail Space Available For Lease

      Retail space for lease with high traffic counts.
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      View Details
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    Bountiful, UT 84010
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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.

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