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    Syracuse, UT 84075
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    Property profile & analytics

    , Syracuse, UT 84075

    View on Map
    • Strip malls
    • 6,324 SF
    • 0.56 lot acres
    Off-Market
    Last Sale Jul 5, 2023
    Property ID
    US86-0815166
    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

    • Strip malls

    Property Details

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.56 lot acres
    Zone code
    GC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    12-079-0050
    APU
    120790050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 5, 2023 — Smiths Food & Drug Centers INC Boyer Syracuse Associates Ic Lease —
    Sep 1, 2017 — Boyer Syracuse Associates Lc — Grant Deed · related $4M · Miscellaneous Ins Co

    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
    Syracuse
    County
    Davis
    State
    Utah
    Longitude
    -112.043
    Latitude
    41.0888
    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
    $14,439
    $145,432
    $627,583
    $773,016
    -
    $264,423
    $1,141,061
    $1,405,484

    Comparable in this City

    • Value Estimation
      $690,000
      14,454 SF

      1728 2000th W

      SHOPPING CENTER, STRIP CENTER
      1728 2000th W, Syracuse, UT 84075-9220
      View Details
    • Value Estimation
      $515,000
      7,701 SF

      2432 1700th S

      SHOPPING CENTER, STRIP CENTER
      2432 1700th S, Syracuse, UT 84075-7201
      View Details
    • Value Estimation
      $560,000
      9,966 SF

      2058 1700th S

      MINI-MALL
      2058 1700th S, Syracuse, UT 84075-7208
      View Details
    • Value Estimation
      $570,000
      8,402 SF

      2052 1700th S

      MINI-MALL
      2052 1700th S, Syracuse, UT 84075-7139
      View Details
    • Value Estimation by Request
      6,510 SF

      Syracuse, UT 84075

      MINI-MALL
      Syracuse, UT 84075
      View Details
    • Value Estimation
      $625,000
      11,400 SF

      1588 2000th W

      MINI-MALL
      1588 2000th W, Syracuse, UT 84075-7141
      View Details

    Similar Nearby for Sale

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      20,000 SF

      Land Near West Davis Corridor

      Commercial land with high visibility in a rapidly growing area.
      3315 W Antelope Dr, Syracuse, UT 84075
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    • $5,250,000
      199.00 Acres

      Syracuse Land with Grazing Rights

      199 acre Syracuse land with grazing rights and water shares.
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    Similar Nearby for Lease

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      3,200 SF

      Retail Space in Antelope Station

      New retail space in high-traffic, high-growth area.
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      14,139 SF

      Retail Spaces and Pads Available

      Retail spaces and pads available in high-growth Davis County.
      1089-1107 W 1700 S, Syracuse, UT 84075
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Syracuse

      Retail spaces and pads available in high-growth Syracuse area.
      1207 W 1700 S, Syracuse, UT 84075
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    • Contact for pricing

      Retail Space For Rent

      Single tenant retail space available for rent on Antelope Drive.
      3151 West Antelope Dr, Syracuse, UT 84075
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Syracuse

      Retail development with space available near multi-family units.
      1724 W 300 S, Syracuse, UT 84075
      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.

    More about this property
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