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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Medical Office Space
704 Fairfield Rd Layton, UT 84041
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0406478
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2007
Total area
6,100 SF
Lot
1.13 ac (49,136 SF)
Zoning code
PB
APN
11-604-0003
UPID
US86-0406478
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$500k
Owner & transaction history
Parke Way LLC · 5 yrs held
Parke Way LLC
since 2021
7 recorded transactions
Zoning & alternative use
PB · Layton, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$640,000
+46.5%
Auto repair, garage
$540,000
+24.0%
Apartment house (5+ units)
$510,000
+16.2%
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 Layton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Layton 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$435,000
Current use
RESTAURANT
$640,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$510,000
Change: +16% · Conversion: Moderate
RETAIL STORES
$465,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$82 / 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
$12,631
Tax year 2023
Assessed value
$712,157
Assessed 2023
Previous assessed
$712,157
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$355,632
Assessed improvement
$356,524
Land market value
$646,605
Improvement market value
$648,226
Total market value
$1,294,831
Applied tax rate
39.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2007
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
6,100 SF
Lot
1.13 ac (49,136 SF)
Zoning code
PB
APN
11-604-0003
UPID
US86-0406478
Jurisdiction
DAVIS
Zoning & alternative use
PB · Layton, UT
Zoning PB · permitted uses
PB · Layton, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Layton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$435,000
RESTAURANT
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$510,000
RETAIL STORES
Est. value
$465,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
Lot
1.13 ac
Current owner
From public records · entity-resolved
Parke Way LLC
Entity
Mailing address
700 N FAIRFIELD RD, LAYTON, UT 84041-2728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
—
Parke Way LLC
Tooth Acres LLC
Warranty Deed
—
Apr 30, 2021
—
Parke Way LLC
Thomas Ray Christensen
Warranty Deed
—
Jul 21, 2016
—
Tooth Acres LLC
—
Deed
related
$885,000 · Bank Of The West
—
—
Tooth Acres LLC
—
Deed Of Trust
related
$885,000 · Bank Of The West
—
—
Tooth Acres LLC
—
Deed Of Trust
related
$637,000 · Utah Certified Development Co
—
—
Tooth Acres LLC
—
Deed Of Trust
related
$615,481 · First National Bank Layton
—
—
Tooth Acres LLC
—
Deed Of Trust
related
$614,660 · First National Bank Layton
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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