Suite 102 | 2297 N Hill Field Rd
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Suite 102 2297 N Hill Field Rd
12,153 SF 88% Leased Office Building Layton, UT 84041 $485,000 ($40/SF) 7.44% Cap Rate
Executive Summary
Fully renovated office Condo totaling 1,510 square feet. Prime location next to Hill Air Force Base.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$43,050
|
$3.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,050
|
$3.54
|
| Taxes |
$2,893
|
$0.24
|
| Operating Expenses |
$4,068
|
$0.33
|
| Total Expenses |
$6,961
|
$0.57
|
| Net Operating Income |
$36,089
|
$2.97
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $43,050 |
| Annual Per SF | $3.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,050 |
| Annual Per SF | $3.54 |
| Taxes | |
|---|---|
| Annual | $2,893 |
| Annual Per SF | $0.24 |
| Operating Expenses | |
|---|---|
| Annual | $4,068 |
| Annual Per SF | $0.33 |
| Total Expenses | |
|---|---|
| Annual | $6,961 |
| Annual Per SF | $0.57 |
| Net Operating Income | |
|---|---|
| Annual | $36,089 |
| Annual Per SF | $2.97 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,153 SF
Building Class
B
Year Built
2006
Price
$485,000
Price Per SF
$40
Cap Rate
7.44%
NOI
$36,084
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,153 SF
Building FAR
0.08
Lot Size
3.35 AC
Parking
45 Spaces (3.7 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,269,395 | |
| Land Assessment | $139,162 | Annual Taxes | $2,893 ($0.24/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 ($0.24/SF)
Tax Year
2024
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Presented by
Hill Field Holdings, LLC
Suite 102 | 2297 N Hill Field Rd
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