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Property profile & analytics
OFF-MARKET
Strip malls
Farmington, UT 84025
Entity Owned
Absentee Owner
Free & Clear
Property ID
US86-0754752
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,433 SF
Lot
0.34 ac (14,898 SF)
Zoning code
C
APN
08-043-0111
UPID
US86-0754752
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Build Equity LLC
Build Equity LLC
since 2026
5 recorded transactions
Zoning & alternative use
C · Farmington, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone is established to provide locations for a full range of office and retail commercial uses which are oriented to serve the city as a whole as well as other areas in the region
Zone name
General Commercial
General category
COMMERCIAL
Zone area
44.74 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
—
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
$14,153
Tax year 2023
Assessed value
$779,986
Assessed 2023
Previous assessed
$779,986
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$110,614
Assessed improvement
$669,372
Land market value
$201,117
Improvement market value
$1,217,041
Total market value
$1,418,158
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
5
Total area
9,433 SF
Lot
0.34 ac (14,898 SF)
Zoning code
C
APN
08-043-0111
UPID
US86-0754752
Jurisdiction
DAVIS
Zoning & alternative use
C · Farmington, UTZoning C · permitted uses
C · Farmington, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone is established to provide locations for a full range of office and retail commercial uses which are oriented to serve the city as a whole as well as other areas in the region
Zone name
General Commercial
General category
COMMERCIAL
Zone area
44.74 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
5
Lot
0.34 ac
Current owner
From public records · entity-resolved
Build Equity LLC
Entity
Free & Clear · 0 yrs held
Mailing address
457 S 1800TH E, FRUIT HEIGHTS, UT 84037-2765
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Build Equity LLC
Lee Farmington Center LLC
Warranty Deed
—
Feb 26, 2025
—
Lee Farmington Center LLC
Jang Lee Ock
Deed
related
—
Aug 10, 1999
—
Tsai Y Lee
—
Grant Deed
related
$652,250 · Centennial Bank
—
—
Ock-jang Lee
—
Deed Of Trust
related
$606,227 · First National Bank Layton
—
—
Tsai Y Lee
—
Deed Of Trust
related
$653,639 · Centennial Bank
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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