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    Layton, UT 84040
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    Property profile & analytics

    , Layton, UT 84040

    View on Map
    • Retail space
    • 2,932 SF
    • 0.30 lot acres
    Off-Market
    Last Sale Aug 28, 2024
    Property ID
    US86-0792453
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details

    Year built
    1993
    Lot size
    0.30 lot acres
    Zone code
    CP-1
    Property type
    Retail space
    APN
    09-082-0075
    APU
    90820075

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 28, 2024 — Roy Flex Utah LLC The Utah Department Of Transportati Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Layton
    County
    Davis
    State
    Utah
    Longitude
    -111.911
    Latitude
    41.081
    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
    $0.00
    $101,234
    $0.00
    $101,234
    -
    $184,063
    $0.00
    $184,063

    Comparable in this City

    • Value Estimation by Request
      2,624 SF

      1290 Hwy 193rd, Unit 2

      RETAIL STORES (PERSONAL SERVICES)
      1290 Hwy 193rd, Layton, UT 84040-8535
      View Details
    • Value Estimation by Request
      2,624 SF

      1290 Hwy 193rd, Unit 1

      RETAIL STORES (PERSONAL SERVICES)
      1290 Hwy 193rd, Layton, UT 84040-8535
      View Details
    • Value Estimation by Request
      3,030 SF

      929 Hwy 193

      RETAIL STORES (PERSONAL SERVICES)
      929 Hwy 193, Layton, UT 84040
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    • Value Estimation by Request
      3,392 SF

      2621 Oak Hls Dr

      RETAIL STORES (PERSONAL SERVICES)
      2621 Oak Hls Dr, Layton, UT 84040-7526
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    • Value Estimation by Request
      1,670 SF

      1365 Hwy 89

      RETAIL STORES (PERSONAL SERVICES)
      1365 Hwy 89, Layton, UT 84040-7750
      View Details
    • Value Estimation
      $895,000
      22,150 SF

      1473 1000th E

      RETAIL STORES (PERSONAL SERVICES)
      1473 1000th E, Layton, UT 84040-8344
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,350 SF

      New Retail Asset in Layton

      Newly constructed retail property with long-term leases and strong tenants.
      1565 Ut-193, Layton, UT 84040
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    • $15,750,000

      Layton City Development Parcels

      36.52-acre development parcels in Layton City's Gordon Avenue/Highway 89.
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      New Layton Flex Space Building

      New construction flex space with office and shop/garage areas.
      1042 Highway 193 E, Layton, UT 84040
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    • $1,753,595

      Layton Land For Sale

      Land available for purchase at 3600 North Fairfield Road, Layton.
      3600 North Fairfield Rd, Layton, UT 84040
      View Details
    • $256,900

      Layton Land For Sale

      Land available in Davis County, Layton, Utah.
      3100 E 1850 N, Layton, UT 84040
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    • Contact for pricing
      1,590,990 SF

      Layton Development Land Opportunity

      36.52 acres of development land in Layton, Utah.
      1200 Highway 89 N, Layton, UT 84040
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    Similar Nearby for Lease

    • Contact for pricing
      25,000 SF

      Retail Space in High-Traffic Plaza

      Retail space available in Layton's high-traffic Harris Plaza.
      2151-2159 N Harris Blvd, Layton, UT 84040
      View Details
    • Contact for pricing

      East Layton Retail Space Available

      13,692 SF retail space in East Layton for rent.
      860 N Fairfield Rd, Layton, UT 84040
      View Details
    • Contact for pricing
      7,919 SF

      Renovated Office Building with Views

      Recently renovated office building near Hill Air Force Base.
      1645 Highway 193 E, Layton, UT 84040
      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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