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Property profile & analytics
OFF-MARKET
Estimated value
$2,240,000
Industrial properties
957 1500th W, Layton, UT 84040
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0422894
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Total area
38,375 SF
Lot
5 ac (217,800 SF)
Zoning code
M-2
APN
10-066-0020
UPID
US86-0422894
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.24M
Owner & transaction history
The Scott Group LLC · 2 yrs held
The Scott Group LLC
since 2024
6 recorded transactions
Zoning & alternative use
M-2 · Layton, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+98.7%
Apartment house (5+ units)
$3.2M
+82.7%
Retail stores
$2.9M
+66.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,740,000
Current use
AUTO REPAIR, GARAGE
$3,455,000
Change: +99% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,175,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$2,890,000
Change: +66% · Conversion: Moderate
MEDICAL BUILDING
$2,670,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±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
$58 / 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
$42,952
Tax year 2024
Assessed value
$2,541,473
Assessed 2024
Previous assessed
$2,541,473
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$766,656
Assessed improvement
$1,774,817
Land market value
$1,393,920
Improvement market value
$3,226,941
Total market value
$4,620,861
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
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1998
Heating
SPACE
Buildings
2
Stories
1
Units
7
Total area
38,375 SF
Lot
5 ac (217,800 SF)
Zoning code
M-2
APN
10-066-0020
UPID
US86-0422894
Jurisdiction
DAVIS
Zoning & alternative use
M-2 · Layton, UT
Zoning M-2 · permitted uses
M-2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
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
1998
Heating
SPACE
Stories
1
Buildings
2
Units
7
Lot
5 ac
Current owner
From public records · entity-resolved
The Scott Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
907 WOODLAND HLS CIR, BOUNTIFUL, UT 84010-3059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 5, 2024
—
The Scott Group LLC
The Scott Group LLC
Intrafamily Transfer
related
—
Oct 7, 2022
—
The Scott Group LLC
George F Alex
Warranty Deed
—
Jul 30, 2009
—
Alex Franklin & Elizabeth F Tr
Alex Industrial Properties INC
Quit Claim Deed
—
Jul 7, 2006
—
Alex Industrial Properties Lc
Alex Industrial Properties INC
Quit Claim Deed
related
—
—
—
Alex Industrial Properties INC
—
Deed Of Trust
related
$249,000 · First National Bank Layton
—
—
Alex Industrial Properties INC
—
Deed Of Trust
related
$120,000 · Barnes Banking Co
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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