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    FOR SALE
    Office buildings

    869 W Hill Field Rd, Layton, UT 84041

    31,200 SF 2.56 ac lot Built 2007
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US86-0305955
    Property summary
    AI-generated overview

    This exceptional 31,440 square foot, two-story Class B office building at 869 W Hill Field Rd, Layton, UT 84041, presents a unique owner-user or investment opportunity. The property, situated on a substantial 31,440 square foot lot, is ideally located for convenient access to major transportation arteries. It's just half a mile from Interstate 15, providing effortless commuting for employees and clients. The building offers ample parking with a 6.5/1,000 parking ratio. The available space is ready for immediate occupancy on August 14, 2024. Existing furniture is available for purchase or lease, offering a seamless plug-and-play transition for new occupants. The asking price is $5,502,000. The property benefits from its proximity to a variety of retail and dining options, including nearby Sam's Club and Walmart, enhancing convenience for employees and visitors. This traditional office building presents a compelling investment opportunity with a potential lease rate of $16.00-$17.00 per square foot, NNN. The single-building, single-unit property is ready for its next chapter.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2007
    Construction STEEL FRAME
    Total area 31,200 SF
    Lot 2.56 ac (111,514 SF)
    Zoning code C-H
    APN 10-242-0004
    UPID US86-0305955
    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
    • Wayfair Warehouse & Storage
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $6.23M
    Comparable Approach Comparable
    $4.97M
    Blend (final) Blend
    $5.60M
    Owner & transaction history
    Mdt INC · 8 yrs held
    Mdt INC
    since 2017
    6 recorded transactions
    2017
    2006
    2005
    2005
    2004
    1969
    Zoning & alternative use
    C-H · Layton, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $6.3M +23.7%
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    More about this property
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