Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    705 23RD St Ogden, UT 84401

    View on Map
    Claim this Listing
    For Lease
    $1,475,000

    COMMERCIAL - Ogden, UT

    Type:Office
    Property size:
    20,232 SF
    Lot size:
    0.92 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    91
    Last Refresh:
    May 6 at 12:06 pm

    Property Features for 705 23RD St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    01-061-0038
    Size
    20,232 SF
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8669

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Porter Criddle

    Listing agent Porter Criddle

    Listing office Investment Realty Advisors LLC 411 W 7200 S Ste 201, Salt Lake City, UT

    Listing date Feb 4, 2026

    MLS# 2134859

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 0.92‑acre development opportunity in Ogden.
    • Zoned R‑3EC, potentially allowing for townhome development (buyer to verify).
    • Prior CUP approved for medical/professional use with site plans and schematics available.
    • Former 20,232 SF church building on site.
    • Open to sell or lease options.
    • Build‑to‑suit NNN lease option available; inquire for details.

    Overview

    Ogden Redevelopment Opportunity

    This property presents a development opportunity on 0.92 acres in Ogden, Utah, zoned R-3EC. The site formerly housed a 20,232 square foot church built in 1960, which is no longer in use. The primary value lies in its redevelopment potential. A prior Conditional Use Permit (CUP) was approved for medical or professional use, with site plans and schematics available. The zoning may also allow for townhome development, potentially accommodating up to approximately 20 units, although buyers need to verify this. The owner is open to various options, including selling or leasing the property. A build-to-suit NNN lease is a possibility; details regarding lease price and terms are available upon inquiry.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.9616197
    Latitude
    41.2245963

    Nearby Similar for Lease

    • $1,145,000 SF/Yr

      Ogden Retail Space For Lease

      Retail space in historic downtown Ogden's busiest area.
      2336 WASHINGTON BLVD, Ogden, UT 84401
      View Details
    • Sponsored
      Contact for pricing

      UT, Ogden - Harrison Blvd

      3293 Harrison Blvd, Ogden, UT 84403
      View Details
    • Contact for pricing

      UT, Ogden - 25th St

      221 25Th St, Ogden, UT 84401
      View Details
    • $1,275/Mo

      MS

      Commercial office/retail space for lease with utilities included.
      785 12Th St UNIT C, Unit C, Ogden, UT 84404
      View Details
    • $0.85 SF/Yr

      Ogden Retail Anchor Space Available

      Anchor space in community center with high visibility and traffic.
      145 N Harrisville Rd, Ogden, UT
      View Details
    • $14 SF/Yr

      Retail Space on Harrison Blvd

      Retail space with high traffic and pylon signage available.
      2020-2072 Harrison Blvd, Ogden, UT
      View Details
    • $0.75 SF/Yr

      Ogden Warehouse with Remodeled Office

      8,615 SF warehouse with temperature control and remodeled office.
      155 31st St, Ogden, UT
      View Details
    • $1,065/Mo

      Ogden Retail/Showroom Space Available

      Retail/showroom space with warehouse area and natural light.
      2590 Commerce Way, Ogden, UT
      View Details
    • $25 SF/Yr

      Retail Space with Private Offices

      Retail space featuring private offices, reception, and ample parking.
      1481 E 5600 S, Ogden, UT
      View Details
    • Contact for pricing

      Ogden Industrial Park Flex Space

      Versatile industrial property with office, warehouse, and mezzanine space.
      2882 Commerce Way, Ogden, UT 84401
      View Details
    • $450/Mo

      Ogden Co-Working Private Office Space

      Private office space for rent near downtown Ogden.
      2620 Wadman Dr, Ogden, UT
      View Details
    • Contact for pricing

      Ogden Office Space Available

      7,500 sqft office space for lease in Ogden, Utah.
      5025 Adams Ave, Ogden, UT 84403
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.92 acres zoned R-3EC, redevelopment potential, open to options.
    Where is this commercial land located?
    The property is located at 705 23RD St Ogden, UT.
    What is the lease rate?
    The lease rate is $1,475,000.
    What are key features of this property?
    This property features: 0.92‑acre development opportunity in Ogden.; Zoned R‑3EC, potentially allowing for townhome development (buyer to verify).; Prior CUP approved for medical/professional use with site plans and schematics available.
    (801) 694-5291
    We can help!
    Listing Contact
    Porter Criddle
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    705 23RD St, Ogden, UT 84401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!