405 1000Clearfield, UT 84015

Property Details for 405 1000

Year built

2017

Lot size

0.44 AC

Property size (Sq ft)

6,150 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

14-248-0001

APU

142480001

Description

This exceptional investment opportunity presents a 6,150-square-foot flex/warehouse building in Clearfield, Utah. Located at 405 N 1000 W, 84015, this property boasts a prime location within Davis County and sits on a 0.44-acre lot. The building, constructed in 2017, features 900 square feet of office space and 5,250 square feet of warehouse space, ideal for a variety of uses. The high 20-foot ceilings provide ample storage and operational space. A single 12'x12' grade-level door ensures easy access for loading and unloading. The property is currently 100% occupied under a net lease with a lease expiration date of October 1, 2028, providing a remaining lease term of approximately 3.9 years. The asking price is $1,350,000, translating to $219.51 per square foot. The property is zoned C-2 and benefits from 240 single-phase power and LED lighting. An adjacent building is also available for sale, presenting potential for expansion or portfolio growth. This is a strong, single-tenant net lease investment with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,388,108

  6.5%

  $2,204,407

  7%

  $2,046,949

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,105,024

  Geo Method

  $3,105,024

• Alternative Use

  Use

  Valuation

  Residential

  $1,859,500

  Hospitality

  $1,703,292

  Educational

  $1,417,119

  Medical

  $1,465,856

  Retail

  $2,204,407

Location Insight

City

Clearfield

County

Davis

State

Utah

Latitude

41.1196

Longitude

-112.046

CBSA code

36260

CBSA name

OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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