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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Restaurants
697 Lagoon Dr Farmington, UT 84025-3601
Trust Owned
13-yr Hold
~
Est. High Equity
Property ID
US86-0236862
Property profile
Verified
Property type
Restaurants
Use group
BAKERY
Year built
2007
Total area
5,877 SF
Lot
1 ac (43,691 SF)
Zoning code
CMU
APN
08-381-0003
UPID
US86-0236862
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
-
ATM Atm
-
Chevron #305802 Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$922k
Blend (final)
Blend
$740k
Owner & transaction history
Hunsaker,susan K Trust · 13 yrs held
Hunsaker,susan K Trust
since 2013
2 recorded transactions
Zoning & alternative use
CMU · Farmington, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$960,000
+34.1%
Medical building
$960,000
+34.0%
Office building
$790,000
+10.7%
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$715,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +34% · Conversion: Easy
MEDICAL BUILDING
$960,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$790,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$126 / 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
$23,664
Tax year 2023
Assessed value
$1,304,144
Assessed 2023
Previous assessed
$1,304,144
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$324,187
Assessed improvement
$979,956
Land market value
$589,432
Improvement market value
$1,781,739
Total market value
$2,371,171
Applied tax rate
24.0000
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
Restaurants
Use group
BAKERY
Status
Off-Market
Year built
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
5,877 SF
Lot
1 ac (43,691 SF)
Zoning code
CMU
APN
08-381-0003
UPID
US86-0236862
Jurisdiction
DAVIS
Zoning & alternative use
CMU · Farmington, UT
Zoning CMU · permitted uses
CMU · Farmington, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$960,000
MEDICAL BUILDING
Est. value
$960,000
OFFICE BUILDING
Est. value
$790,000
RESTAURANT Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
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
2007
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Hunsaker,susan K Trust
Trust
Mailing address
1929 BELLA VIS DR, FARMINGTON, UT 84025-3922
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2013
—
Hunsaker,susan K Trust
Hunsaker,charles L & Susan K
Quit Claim Deed
related
—
Feb 17, 2006
—
Charles L Hunsaker
Bell Transfers Lc
Warranty Deed
—
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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