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Property profile & analytics
OFF-MARKET Estimated value $925,000
Drive through restaurants

515 Ring Rd Layton, UT 84041-4883

9,387 SF 1.83 ac lot Built 1982
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US86-1271095
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • T-Mobile Mobile Phone Store Electronics & Wireless Store
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
T Layton Hills Pads Ut LLC · 1 yrs held
T Layton Hills Pads Ut LLC
since 2024
3 recorded transactions
2024
Price N/A
2022
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.5M +56.0%
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