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    Clearfield, UT 84015
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    Property profile & analytics

    , Clearfield, UT 84015

    View on Map
    • Strip malls
    • 17,200 SF
    • 2.51 lot acres
    Off-Market
    Last Sale Mar 21, 2023
    Property ID
    US86-0715172
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.51 lot acres
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    14-069-0052
    APU
    140690052

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 3, 2023 — Interim Capital LLC — Deed · related $3.1M · Capital Community Bank
    Mar 21, 2023 — Interim Capital LLC Millcreek Homes INC Trustees Deed · related —
    Feb 14, 2022 — 1300 Consulting INC 1300 Development LLC Warranty Deed $6.3M · Interim Capital LLC
    Feb 21, 2020 — 1300 Dev LLC Sunset LLC Warranty Deed $450k · Sunset LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $608,000
      Market price range: $609k - $1.06M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $860,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clearfield
    County
    Davis
    State
    Utah
    Longitude
    -112.032
    Latitude
    41.1318
    CBSA code
    36260
    CBSA name
    OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,597
    $501,981
    $182,180
    $684,162
    -
    $912,694
    $331,238
    $1,243,932

    Comparable in this City

    • Value Estimation
      $2,595,000
      62,246 SF

      1978 2000th W

      SHOPPING CENTER, STRIP CENTER
      1978 2000th W, Clinton, UT 84015-9281
      View Details
    • Value Estimation
      $705,000
      13,780 SF

      1933 2000th W

      SHOPPING CENTER, STRIP CENTER
      1933 2000th W, West Point, UT 84015-7934
      View Details
    • Value Estimation
      $800,000
      18,626 SF

      772 700th S

      SHOPPING CENTER, STRIP CENTER
      772 700th S, Clearfield, UT 84015-1215
      View Details
    • Value Estimation by Request
      6,838 SF

      1952 2000th W

      SHOPPING CENTER, STRIP CENTER
      1952 2000th W, Clinton, UT 84015-9176
      View Details
    • Value Estimation by Request
      9,994 SF

      1060 300th N

      SHOPPING CENTER, STRIP CENTER
      1060 300th N, Clearfield, UT 84015-8758
      View Details
    • Value Estimation by Request
      4,386 SF

      835 Main St

      SHOPPING CENTER, STRIP CENTER
      835 Main St, Sunset, UT 84015-3134
      View Details

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      Corner Retail Opportunity

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      Walgreens NNN Investment Opportunity

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      5,000 SF

      Retail/Office Pad For Sale

      Retail/office pad available for sale or lease near I-15.
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      2,640 SF

      Retail Property on State Street

      Retail property with C-store use permitted and strong traffic counts.
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      14,482 SF

      Retail Space For Sale

      Retail space available for purchase.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,492 SF

      Sunset Retail/Restaurant Opportunity

      Retail or restaurant space adjacent to Sunset Town Center Apartments.
      273 W 1300 N, Sunset, UT 84015
      View Details
    • Contact for pricing

      Retail/Office Space in Davis County

      Retail and office spaces available for lease in Clinton, Utah.
      2084 N 2000 W, Clinton, UT 84015
      View Details
    • Contact for pricing

      Kaysville Land for Lease

      4.60 acre parcel available for ground lease or build-to-suit.
      100 W 2400 S, Kaysville, UT 84015
      View Details
    • Contact for pricing

      Clearfield Retail/Office Space Available

      Retail and office spaces available for lease in Clearfield.
      888 University Park Blvd, Clearfield, UT 84015
      View Details
    • Contact for pricing

      Retail Space Near Multifamily Units

      Retail space available near new multifamily units in growing area.
      1800 W 200 S, Syracuse, UT 84015
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    • Contact for pricing

      Retail Space Available

      Retail space for rent at 585 N Main St.
      585 N Main St, Clearfield, UT 84015
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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