Entity Owned Property summary
AI-generated overview
This property is a 3,835-square-foot retail space located in Harris Plaza in Layton, Utah, positioned just off Interstate 15. Harris Plaza is situated in an area that draws a sizable daytime population, supported by nearby employment centers including Hill Air Force Base and the Freeport Center within approximately 3 miles. The shopping center is anchored by Ross and has shadow anchors including Target and Lowe’s, with co-tenants such as Cafe Rio, Five Guys, Petco, Michaels, and Barnes & Noble.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2018
Total area
10,412 SF
Lot
12.68 ac (552,341 SF)
Zoning code
CP-1
APN
09-371-0001
UPID
US86-0194432
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$900k
Owner & transaction history
since 2014
7 recorded transactions
Zoning & alternative use
CP-1 · Layton, UT
Top alternative use upside
Restaurant
$1.1M
+96.8%
Auto repair, garage
$925,000
+66.7%
Apartment house (5+ units)
$865,000
+56.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$900k
Value range
$810k – $990k
±10% around blend
Estimated value / SF
$86 / SF
Confidence
Property data
100
Comparable evidence
60
$810k
blend $900k
$990k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,412 SF
Lot area
12.68 ac
Year built
2018
Stories
1
APN
09-371-0001
Zoning
CP-1
Assessed value
$9,494,100
Annual tax
$168,391
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$687k
Range $383k – $687k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$900k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+97%
vs current-use indication
Auto Repair, Garage
Apartment House (5+ Units)
Retail Stores
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.49M
Move the market yield to see immediate price impact.
Value / SF
$912
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$598k
$11.96M
$8.54M
$6.65M
$665k
$13.29M
$9.49M
$7.38M
$731k
$14.62M
$10.44M
$8.12M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$168,391
Tax year 2023
Assessed value
$9,494,100
Assessed 2023
Previous assessed
$9,494,100
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$2,124,117
Assessed improvement
$7,369,982
Land market value
$3,862,031
Improvement market value
$13,399,969
Total market value
$17,262,000
Applied tax rate
39.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2018
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
4
Total area
10,412 SF
Lot
12.68 ac (552,341 SF)
Zoning code
CP-1
APN
09-371-0001
UPID
US86-0194432
Jurisdiction
DAVIS
Zoning & alternative use
CP-1 · Layton, UTZoning CP-1 · permitted uses
CP-1 · Layton, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
4
Lot
12.68 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CP-1
Jurisdiction
Layton, UT
Recorded code
CP-1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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