Property profile

515 Ring Rd Layton, UT 84041

OFF-MARKET
Drive through restaurants
Property ID
US86-1271095
9,387 SF 1.83 ac lot Built 1982
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail opportunity is located at 515 Ring Rd, Layton, UT 84041, within the Layton Hills Plaza. The property features a 19,708 square foot single-story building constructed in 1982, offering a total of eight suites. Currently, 1,561 square feet of space is available for lease, ideal for a restaurant or similar business. The space is a desirable end-cap unit with a drive-thru, perfectly positioned to capitalize on high traffic counts. Hill Field Road boasts an average daily traffic (ADT) of 45,998 vehicles, while I-15 sees an impressive 144,818 ADT. The property benefits from its proximity to a strong anchor tenant, Layton Hills Mall, and is surrounded by a variety of established businesses including Wendy's, Texas Roadhouse, Chick-fil-A, McDonald's, Olive Garden, Key Bank, and Dick's Sporting Goods. The minimum leasable space is 1,500 square feet, with a maximum contiguous space of 19,708 square feet available. The asking lease rate is $45 per square foot, NNN. The property's APN is 103170004. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving retail environment in Layton, Utah.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1982
Total area 9,387 SF
Lot 1.83 ac (79,584 SF)
APN 10-317-0003
UPID US86-1271095

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store

Location

515 Ring Rd Layton, UT 84041-4883
Layton metro Census 125805 OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$925k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2022
Price N/A
2019
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.5M +56.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 515 Ring Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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