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Property profile & analytics
OFF-MARKET
Estimated value
$3,380,000
Office buildings
915 400th W, Layton, UT 84041-2383
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US86-0791633
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
19,332 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CP-3
APN
10-068-0086
UPID
US86-0791633
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
-
Eagle Gate College (Layton Campus) Nursing School Training Centre
-
KoolMinds Weber & Davis High School Vocational School
-
Katelynn Carter Physician
-
Evelyn Rivas Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.86M
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$3.38M
Owner & transaction history
Wvp Retail Center LLC · 5 yrs held
Wvp Retail Center LLC
since 2020
6 recorded transactions
Zoning & alternative use
CP-3 · Layton, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+23.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,180,000
6.5%
$3,855,000
7%
$3,580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,160,000
Current use
COMMERCIAL (GENERAL)
$3,910,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$3.38M
Range $3.04M – $3.72M · ±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
$175 / 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
$29,851
Tax year 2023
Assessed value
$1,683,034
Assessed 2023
Previous assessed
$1,683,034
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$333,493
Assessed improvement
$1,349,541
Land market value
$606,351
Improvement market value
$2,453,711
Total market value
$3,060,062
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
19,332 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CP-3
APN
10-068-0086
UPID
US86-0791633
Jurisdiction
DAVIS
Zoning & alternative use
CP-3 · Layton, UT
Zoning CP-3 · permitted uses
CP-3 · 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
OFFICE BUILDING Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Wvp Retail Center LLC
Entity
Mailing address
PO BOX 65, WILSON, WY 83014-0065
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
—
Wvp Retail Center LLC
Bullen & Willie LLC
Warranty Deed
—
Jan 13, 2016
—
Bullen & Willie LLC
Willie,paul
Quit Claim Deed
—
Jul 27, 2012
—
Bullen & Willie LLC
331 LLC
Quit Claim Deed
—
Nov 7, 2005
—
Bullen & Willie LLC
Layton Hills Investments Lc
Grant Deed
$2,580,750 · Key Bank & Trust
—
—
Bullen & Willie LLC
—
Deed Of Trust
related
$2,600,000 · Keybank USA
—
—
Bullen & Willie LLC
—
Deed Of Trust
related
$2,580,750 · Key Bank & Trust
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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