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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Medical Office Space
415 Medical Dr Bountiful, UT 84010-4946
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0766731
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1985
Construction
WOOD
Total area
7,814 SF
Lot
1.15 ac (50,094 SF)
Zoning code
H
APN
04-003-0147
UPID
US86-0766731
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
Current use
Occupant on record · Public records
-
Larsen Family Dental: Paul Larsen, DMD Dental Office
-
Dr. Ralph S. Johnson, DDS Dental Office
-
Utah Ear Institute Medical Clinic
-
Summit Speech Therapy Inc Physician
-
Cheng Christine A MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
Park Place Investment LLC · 4 yrs held
Park Place Investment LLC
since 2022
7 recorded transactions
Zoning & alternative use
H · Bountiful, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bountiful submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bountiful 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,620,000
6.5%
$1,495,000
7%
$1,385,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,890,000
Current use
COMMERCIAL (GENERAL)
$1,870,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±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
$214 / 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
$16,954
Tax year 2023
Assessed value
$887,697
Assessed 2023
Previous assessed
$887,697
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$406,088
Assessed improvement
$481,609
Land market value
$738,342
Improvement market value
$875,653
Total market value
$1,613,995
Applied tax rate
3.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
7,814 SF
Lot
1.15 ac (50,094 SF)
Zoning code
H
APN
04-003-0147
UPID
US86-0766731
Jurisdiction
DAVIS
Zoning & alternative use
H · Bountiful, UT
Zoning H · permitted uses
H · Bountiful, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bountiful. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1985
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Park Place Investment LLC
Entity
Mailing address
4014 S HIGHLAND DR, SALT LAKE CITY, UT 84124-1617
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
—
Park Place Investment LLC
Park Place Medical LLC
Special Warranty Deed
$3,605,000 · Banterra Bank
Jul 30, 2020
—
Park Place Medical LLC
—
Deed
related
$2,130,000 · Park Place Medical LLC
Mar 13, 2020
—
Park Place Medical LLC
—
Deed
related
$494,750 · Altabank
Mar 6, 2019
—
Park Place Medical LLC
—
Loan Modification
related
$5,548,159 · Bank Of American Fork
Jul 26, 2018
—
Park Place Medical LLC
—
Loan Modification
related
$5,248,159 · Bank Of American Fork
Dec 5, 2017
—
Park Place Medical LLC
—
Grant Deed
related
$4,596,159 · Bank Of American Fork
May 24, 2017
—
Park Place Medical LLC
—
Deed
related
$350,000 · Banner Bank
Jul 31, 2013
—
Park Place Medical LLC
Q 6 Associates LLC
Special Warranty Deed
$1,745,000 · Americanwest Bank
Jun 9, 2010
—
Q6 Associates LLC
Exchange Holdings Corp Five
Grant Deed
—
Apr 1, 2010
—
Exchange Holdings Corp Five
Nlfc 1998-2 Bountiful LLC
Grant Deed
—
Feb 2, 2009
—
Nlfc 1998-2 Bountiful LLC
Medical Drive LLC
Warranty Deed
related
—
Jun 9, 1998
—
Halling Trust
Armstrong,margaret U
Grant Deed
related
—
Jun 5, 1998
—
Medical Drive LLC
Halling Trust
Deed Of Trust
related
$1,875,000 · Bank Of America
Mar 27, 1998
—
Halling Trust
Armstrong Trust
Deed Of Trust
related
$1,900,000 · Seller
—
—
Park Place Medical LLC
—
Loan Modification
related
$494,750 · Altabank
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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