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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Strip malls
743 King St, Layton, UT 84041-4678
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0696168
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,220 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-H
APN
10-242-0002
UPID
US86-0696168
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
-
Layton Hills Dental Care Dental Office
-
Dr. Jeffry J. Neville, DMD Dental Office
-
Ramen 930 Restaurant
-
El Paisa Grill Restaurant
-
24/7 TowTruck Layton, UT Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$543k
Blend (final)
Blend
$520k
Owner & transaction history
Layton Project LLC · 1 yrs held
Layton Project LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-H · Layton, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$860,000
+96.8%
Auto repair, garage
$730,000
+66.7%
Apartment house (5+ units)
$685,000
+56.2%
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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$440,000
Current use
RESTAURANT
$860,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: +67% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$685,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +43% · Conversion: Easy
MEDICAL BUILDING
$590,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$63 / 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
$18,232
Tax year 2023
Assessed value
$1,027,950
Assessed 2023
Previous assessed
$1,027,950
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$278,155
Assessed improvement
$749,794
Land market value
$505,737
Improvement market value
$1,363,263
Total market value
$1,869,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
8,220 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-H
APN
10-242-0002
UPID
US86-0696168
Jurisdiction
DAVIS
Zoning & alternative use
C-H · Layton, UT
Zoning C-H · permitted uses
C-H · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$440,000
RESTAURANT
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$730,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$685,000
RETAIL STORES
Est. value
$625,000
MEDICAL BUILDING
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL 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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Layton Project LLC
Entity
Mailing address
2036 LINCOLN AVE STE 101B, OGDEN, UT 84401-6516
Ownership since
2025
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
Jan 30, 2025
—
Layton Project LLC
Layton Project LLC
Deed
related
$1,490,000 · Bank Of The Orient
Jun 23, 2020
—
Layton Project LLC
—
Deed
related
$1,768,678 · Bank Of Or
Dec 22, 2014
—
Layton Project LLC
Du James & Michelle
Grant Deed
$2,009,781 · Bank Of The Orient
Jun 22, 2006
—
James Du
Sdc3 LLC
Grant Deed
$2,325,000 · Bank Of The Orient
Apr 21, 2005
—
Wal-mart Stores INC
Wal-mart Real Estate B Trust
Quit Claim Deed
$3,150,000 · Us Bank NA
Aug 17, 2004
—
Wal-mart Real Estate Busn
Retail Trust III
Grant Deed
related
—
—
—
Layton Project LLC
—
Deed Of Trust
related
$1,768,678 · Bank Of Or
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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