Suite 102 | 2297 N Hill Field Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Suite 102 2297 N Hill Field Rd
1,510 SF Vacant Office Building Layton, UT 84041 $485,000 ($321/SF) 7.44% Cap Rate
Investment Highlights
- Multiple easy access points to I-15 and I-89
- Located by South Gate of Hill Air Force Base creating high exposure to employees and government contractors
- Excellent Property Management of Common Area and Well Capitalized Long Term Maintenace Account in Place
- Newly renovated and move in ready
- Ample Parking Available with Street Level Entrance
- Nearby Landmarks include Northridge High School across street and Layton Hills Mall nearby
Executive Summary
This well-maintained and recently renovated office condo offers a prime opportunity for businesses seeking a strategic location with high-traffic exposure. Spanning 1,510 square feet, the property is conveniently situated with easy access to I-15. It is located off the south gate of Hill Air Force Base, ensuring a steady flow of potential clients from base employees and contractors. Northridge High School is also just across the street, further enhancing the property's visibility. With ample parking and a history of quick sales or leases, this office condo is ideal for owner-users and investors. The property boasts fantastic property management and is well-capitalized for long-term capital improvements, making it a sound investment for the future.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$43,050
|
$28.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,050
|
$28.51
|
| Taxes |
$2,893
|
$1.92
|
| Operating Expenses |
$4,068
|
$2.69
|
| Total Expenses |
$6,961
|
$4.61
|
| Net Operating Income |
$36,089
|
$23.90
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $43,050 |
| Annual Per SF | $28.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,050 |
| Annual Per SF | $28.51 |
| Taxes | |
|---|---|
| Annual | $2,893 |
| Annual Per SF | $1.92 |
| Operating Expenses | |
|---|---|
| Annual | $4,068 |
| Annual Per SF | $2.69 |
| Total Expenses | |
|---|---|
| Annual | $6,961 |
| Annual Per SF | $4.61 |
| Net Operating Income | |
|---|---|
| Annual | $36,089 |
| Annual Per SF | $23.90 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,510 SF
Building Class
B
Year Built
2006
Price
$485,000
Price Per SF
$321
Cap Rate
7.44%
NOI
$36,084
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,510 SF
Building FAR
0.01
Lot Size
3.35 AC
Parking
45 Spaces (29.8 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,269,395 | |
| Land Assessment | $139,162 | Annual Taxes | $2,893 ($1.92/SF) |
| Improvements Assessment | $1,130,233 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$139,162
Improvements Assessment
$1,130,233
Total Assessment
$1,269,395
Annual Taxes
$2,893 ($1.92/SF)
Tax Year
2024
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Hill Field Holdings, LLC
Suite 102 | 2297 N Hill Field Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.