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    Property profile & analytics

    4815 3500th W Roy, UT 84067-9439

    • Medical offices
    • 2,072 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    9.1%
    Medical offices
    Location Intelligence
    Property ID
    US86-0652215
    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

    • Midland Pharmacy / Pharmacy

    Property Details for 4815 3500th W

    Year built
    1998
    Construction
    WOOD FRAME
    Lot size
    0.05 lot acres
    Property size
    2,072 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    09-495-0001
    APU
    94950001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $470,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $254,000
      Market price range: $116k - $405k

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

    Location Insight

    • Map
    • Local Demand
    City
    Roy
    County
    Weber
    State
    Utah
    Longitude
    -112.065
    Latitude
    41.1759
    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
    2024
    $4,134
    $48,767
    $355,233
    $404,000
    -
    $48,767
    $355,233
    $404,000

    Comparable in this City

    • Value Estimation
      $705,000
      16,155 SF

      3451 5600th S

      MEDICAL BUILDING • 16,155 SF
      3451 5600th S, Roy, UT 84067-9112
      View Details
    • Value Estimation
      $1,350,000
      33,818 SF

      1915 5950th S

      MEDICAL BUILDING • 33,818 SF
      1915 5950th S, Roy, UT 84067-1454
      View Details
    • Value Estimation
      $290,000
      1,372 SF

      4896 1900th W

      MEDICAL BUILDING • 1,372 SF
      4896 1900th W, Roy, UT 84067-2994
      View Details
    • Value Estimation
      $300,000
      2,690 SF

      1845 4400th S Ste, Unit 104

      MEDICAL BUILDING • 2,690 SF
      1845 4400th S Ste, Roy, UT 84067-3049
      View Details
    • Value Estimation
      $330,000
      1,658 SF

      4902 1900th 2nd W Ste, Unit 2

      MEDICAL BUILDING • 1,658 SF
      4902 1900th 2nd W Ste, Roy, UT 84067-2961
      View Details
    • Value Estimation
      $290,000
      1,460 SF

      1845 4400th 3rd S Ste, Unit 3

      MEDICAL BUILDING • 1,460 SF
      1845 4400th 3rd S Ste, Roy, UT 84067-3050
      View Details

    Similar Nearby for Sale

    • $3,600,000
      26,400 SF

      High Visibility Building For Sale

      Spacious office building with ample parking and easy highway access.
      4102 S 1900 W, Roy, UT 84067
      View Details
    • $6,950,000
      36,130 SF

      Roy, UT Industrial Investment Opportunity

      High-yield, 100% leased flex space in Roy, UT.
      4074 1900, Roy, UT 84067
      View Details
    • $2,174,515
      4,275 SF

      Roy Warehouse Investment Opportunity

      2.08-Acre Warehouse Complex in Roy, UT
      5780 1900, Roy, UT 84067
      View Details
    • $339,900
      2,132 SF

      Move-In Ready Townhome with Basement

      Well-maintained townhome near amenities with unfinished basement and backyard.
      1833 W 5050 S, Roy, UT 84067
      View Details
    • $350,000

      Commercial Land with High Traffic

      Land with high traffic counts on 5600 South and 3500 West.
      3551 W 5600 S, Roy, UT 84067
      View Details
    • $450,000
      0.21 Acres

      Commercial Building in High-Traffic Location

      Commercial building in Roy, Utah, with high traffic and parking.
      1975 W 5300 S, Roy, UT 84067
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      4,200 SF

      Roy Medical Office Space Available

      Medical office space with clinical and procedure rooms for lease.
      5460 S 3500 W, Roy, UT 84067
      View Details
    • $750 /Mo
      600 SF

      Roy Office/Retail Space Available

      600 SF open-floor plan in busy retail corridor.
      1935 W 5200 S, Roy, UT 84067
      View Details
    • Contact for pricing

      Commercial Land Pad Available

      Land available for sale, ground lease, or build-to-suit.
      6000 S 3500 W, Roy, UT 84067
      View Details
    • Contact for pricing

      Land Available Near Grocery Store

      Two land pads available for ground lease or purchase.
      3610 W 5500 S, Roy, UT 84067
      View Details
    • Contact for pricing

      Hard Corner Development Land

      Improved pads ready for construction at main intersection.
      3948 Midland Dr, Roy, UT 84067
      View Details
    • $17 SF/Yr
      9,180 SF

      Former Auto Store with Parking

      Retail space with ample parking and high traffic count.
      5732 S 1900 W, Roy, UT 84067
      View Details
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    Roy, UT 84067-9439
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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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