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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    406 Main St Bountiful, UT 84010-6035

    • Office buildings
    • 1,528 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    7.2%
    Office buildings
    Location Intelligence
    Property ID
    US86-0060755
    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

    • Future Through Choices / Social Services Organization

    Property Details for 406 Main St

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    1,528 SF
    Zone code
    PO
    Property type
    Office buildings
    APN
    03-023-0070
    APU
    30230070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $330,000
      6.5%
      $305,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $343,000
      Market price range: $122k - $344k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $245,000
      Current use
      MEDICAL BUILDING
      $370,000
      Change: +49% Conversion: Easy
      COMMERCIAL (GENERAL)
      $365,000
      Change: +48% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bountiful
    County
    Davis
    State
    Utah
    Longitude
    -111.879
    Latitude
    40.894
    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
    2022
    $0.00
    $71,874
    $158,684
    $230,558
    -
    $130,680
    $288,517
    $419,197

    Comparable in this City

    • Value Estimation
      $250,000
      1,074 SF

      425 Medical Dr Ste 208a

      OFFICE BUILDING • 1,074 SF
      425 Medical Dr Ste 208a, Bountiful, UT 84010-4945
      View Details
    • Value Estimation
      $435,000
      8,400 SF

      65 400th N

      OFFICE BUILDING • 8,400 SF
      65 400th N, Bountiful, UT 84010-6099
      View Details
    • Value Estimation
      $270,000
      1,193 SF

      181 200th 2nd W Ste, Unit 2

      OFFICE BUILDING • 1,193 SF
      181 200th 2nd W Ste, Bountiful, UT 84010-7001
      View Details
    • Value Estimation
      $535,000
      15,846 SF

      1560 Renaissance Towne Dr

      OFFICE BUILDING • 15,846 SF
      1560 Renaissance Towne Dr, Bountiful, UT 84010-7680
      View Details
    • Value Estimation
      $285,000
      2,000 SF

      48 400th S

      OFFICE BUILDING • 2,000 SF
      48 400th S, Bountiful, UT 84010-6255
      View Details
    • Value Estimation
      $455,000
      7,040 SF

      1480 Orch Dr

      OFFICE BUILDING • 7,040 SF
      1480 Orch Dr, Bountiful, UT 84010-5142
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Bountiful Medical Office Condos

      New Medical Office Suites - Utah
      370 500, Bountiful, UT 84010
      View Details
    • $945,000
      0.28 Acres

      Bountiful Office Building - Prime Location

      Historic Charm, Modern Amenities, High Visibility
      485 100, Bountiful, UT 84010
      View Details
    • $1,580,000
      0.74 Acres

      Bountiful Retail Space - High Potential

      Prime Bountiful location, large warehouse, ample parking.
      320 200, Bountiful, UT 84010
      View Details
    • $139,000
      4.00 Acres

      Bountiful Land with Mountain Views

      Four acre recreation land near Bountiful B Trail.
      50 N 1900 E, Bountiful, UT 84010
      View Details
    • $700,000
      1.15 Acres

      Bountiful Land with Valley Views

      1.15-acre lot in Stone Ridge Community with spectacular views.
      1596 S Stone Ridge Cir E, Bountiful, UT 84010
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,554 SF

      Modern Office Tower with Parking

      Class A office space with covered parking and walkable amenities.
      1551 Renaissance Towne Dr, Bountiful, UT 84010
      View Details
    • $23 SF/Yr
      27,869 SF

      Bountiful Main Street Office Space

      Executive Suites, Bountiful, Utah
      150 Main St, Bountiful, UT 84010
      View Details
    • Contact for pricing
      21,780 SF

      Bountiful Office Suites Available

      Executive workspaces for lease with utilities and WiFi included.
      146 W 300 S, Bountiful, UT 84010
      View Details
    • $23 SF/Yr
      47,500 SF

      Clearwater Center: Bountiful Office Space

      Premium Bountiful office building, I-15 frontage.
      801 500, Bountiful, UT 84010
      View Details
    • $22 SF/Yr
      4,618 SF

      Main Street Office Space Available

      Office space for rent in central Main Street location.
      130-190 N Main St, Bountiful, UT 84010
      View Details
    • $1,691 /Mo
      1,184 SF

      Bountiful Home Near Downtown

      Two-bedroom house near shops and recreation center for rent.
      52 W 100 N, Bountiful, UT 84010
      View Details

    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      5.0k
    • Avg Time on site
      13 min
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    406 Main St
    Bountiful, UT 84010-6035
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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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