Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    393 Gordon Ave Layton, UT 84041-2343

    • Office buildings
    • 4,428 SF
    • 0.01 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0112242
    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

    • Mountain Ridge Insurance Group / Auto Insurance Agency / Home Insurance Agency
    • Kim Nielsen / Insurance Broker / Health Insurance Agency
    • Scott Deru / Insurance Broker / Consultant
    • Ernie Sweat / Consultant
    • Michael Deru / Consultant

    Property Details for 393 Gordon Ave

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.01 lot acres
    Property size
    4,428 SF
    Zone code
    PB
    Property type
    Office buildings
    APN
    10-259-0001
    APU
    102590001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Layton
    County
    Davis
    State
    Utah
    Longitude
    -111.973
    Latitude
    41.0749
    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
    $6,321
    $3,234
    $353,141
    $356,375
    -
    $5,881
    $642,075
    $647,956

    Comparable in this City

    • Value Estimation
      $220,000
      906 SF

      360 Ft Ln, Unit 10

      OFFICE BUILDING • 906 SF
      360 Ft Ln, Layton, UT 84041-4259
      View Details
    • Value Estimation
      $200,000
      1,011 SF

      360 Ft Ln Bldg, Unit 3

      OFFICE BUILDING • 1,011 SF
      360 Ft Ln Bldg, Layton, UT 84041-4259
      View Details
    • Value Estimation
      $250,000
      1,156 SF

      195 Gentile St Ste, Unit 3

      OFFICE BUILDING • 1,156 SF
      195 Gentile St Ste, Layton, UT 84041-3754
      View Details
    • Value Estimation
      $705,000
      1,484 SF

      540 1425th N

      OFFICE BUILDING • 1,484 SF
      540 1425th N, Layton, UT 84041-1968
      View Details
    • Value Estimation
      $210,000
      1,031 SF

      360 Ft Ln Bldg C

      OFFICE BUILDING • 1,031 SF
      360 Ft Ln Bldg C, Layton, UT 84041-4259
      View Details
    • Value Estimation
      $200,000
      1,011 SF

      360 Ft Ln Bldg A

      OFFICE BUILDING • 1,011 SF
      360 Ft Ln Bldg A, Layton, UT 84041-4259
      View Details

    Similar Nearby for Sale

    • $1,200,000
      8,910 SF

      Layton Office Building For Sale

      Office building in Layton's commercial area, excellent access to I-15.
      347 W Gordon Ave, Layton, UT 84041
      View Details
    • $12,500,000
      82,516 SF

      Renovated Office Building with Parking

      Well-maintained office building with high parking ratio and modern amenities.
      2195 University Park Blvd, Layton, UT 84041
      View Details
    • $5,502,000
      31,440 SF

      Layton Office Building For Sale

      Office building near I-15, retail, and restaurants.
      869 W Hill Field Rd, Layton, UT 84041
      View Details
    • $2,773,000
      9,665 SF

      Layton Multi-Story Commercial Building

      12,602 SF multi-story commercial building on 1.08 acres.
      849 W Hill Field Rd, Layton, UT 84041
      View Details
    • $4,350,000
      30,136 SF

      Layton Industrial/Flex Space Opportunity

      30,136 SF industrial/flex space in Layton, Utah for sale.
      630 W 600 N, Layton, UT 84041
      View Details
    • $1,000,000
      0.92 Acres

      Layton Main Street Commercial Land

      High-traffic, mixed-use land, I-15 exposure.
      608 Main St, Layton, UT 84041
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      35,140 SF

      Layton Flex Space: Windsor Square

      Modern Layton Flex Office/Warehouse
      255 2675, Layton, UT 84041
      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.
      67 S Main St, Layton, UT 84041
      View Details
    • $16 SF/Yr
      4,268 SF

      Layton Office Space For Rent

      Office space for rent, convenient location near Layton Hills Mall.
      1536 Woodland Park Dr, Layton, UT 84041
      View Details
    • $1.39 SF/Yr
      1,000 SF

      Office Space in Fort Lane

      Office suites in a business community with high visibility.
      360 S Fort Ln, Layton, UT 84041
      View Details
    • $24 SF/Yr
      2,363 SF

      Secure Office Space Available

      2,363 SF office space in premier Layton business park.
      1530 Layton Hills Pkwy, Layton, UT 84041
      View Details
    • $18 SF/Yr
      4,218 SF

      Layton Office Space - FrontRunner Access

      Prime Layton office, two suites available. Recently renovated.
      52 Main St, Clearfield, UT 84041
      View Details
    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.
    393 Gordon Ave
    Layton, UT 84041-2343
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.