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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Warehouses
761 Lagoon Dr Farmington, UT 84025-3659
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0902434
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
94,700 SF
Lot
2.18 ac (94,961 SF)
Zoning code
LS
APN
08-567-0002
UPID
US86-0902434
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
-
Lock It Up Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Lock It Up Self Storage V LLC · 9 yrs held
Lock It Up Self Storage V LLC
since 2016
3 recorded transactions
Zoning & alternative use
LS · Farmington, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to provide areas in the City for low to medium density single-family residential development
Zone name
Large Suburban
General category
RESIDENTIAL
Zone area
170.56 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$22 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$57,036
Tax year 2024
Assessed value
$4,360,184
Assessed 2024
Previous assessed
$4,360,184
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$713,948
Assessed improvement
$3,646,236
Land market value
$1,298,088
Improvement market value
$6,629,520
Total market value
$7,927,608
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Stories
3
Total area
94,700 SF
Lot
2.18 ac (94,961 SF)
Zoning code
LS
APN
08-567-0002
UPID
US86-0902434
Jurisdiction
DAVIS
Zoning & alternative use
LS · Farmington, UTZoning LS · permitted uses
LS · Farmington, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zone is to provide areas in the City for low to medium density single-family residential development
Zone name
Large Suburban
General category
RESIDENTIAL
Zone area
170.56 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Stories
3
Lot
2.18 ac
Current owner
From public records · entity-resolved
Lock It Up Self Storage V LLC
Entity
Mailing address
895 WALL AVE, OGDEN, UT 84404-4830
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Lock It Up Self Storage V LLC
—
Deed
related
$4,733,327 · Goldenwest FCU
Nov 15, 2017
—
Lock It Up Self Storage V LLC
—
Loan Modification
related
$5,625,000 · Bank Of American Fork
Oct 28, 2016
—
Lock It Up Self Storage V LLC
Lock It Up Self Storage V
Quit Claim Deed
related
$5,250,000 · People's Intermountain Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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