Retail Storefront with Dual Barn
For Sale
$425,000
1150 E 22nd, Ogden, UT 84401
Storefront building includes a professional office build-out, dual barn doors, newer roof, updated interior walls, and upgraded electrical.
Property Size1,891 SF
Price / SF$224.75
Days on Market69
Property Features for 1150 E 22nd
General Information
Standard status
Active
Size
1,891 SF
Amenities
professional office build-out
dual barn doors
auxiliary storage shed
exterior signage infrastructure
Building Details
Year Built
1946
Listing Agency:
Business 2 Eternity Brokers
Listed By:
Gina M Gonzalez
(801) 858-0000
Source:
Liveutah
Added: Jul 18
Changed: Sep 16
Last Checked: Sep 22 at 10:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Business 2 Eternity Brokers
Investment Insights
Based on property information with market context.
This for-sale storefront retail building is priced for the structure only, with business assets available separately. Significant improvements include a newer roofing system, updated interior walls, upgraded electrical system, new flooring, a newer water heater, a professional office build-out, dual barn doors, upgraded security at the front entrance, and an auxiliary storage shed. The exterior also includes established signage infrastructure.
The property is described as having prime positioning with high visibility and substantial traffic patterns, supporting both showroom-oriented retail and customer traffic. A commercial vehicle with business branding is available under a separate bill of sale arrangement.
The property is described as having prime positioning with high visibility and substantial traffic patterns, supporting both showroom-oriented retail and customer traffic. A commercial vehicle with business branding is available under a separate bill of sale arrangement.
Key Highlights
- Pricing is for the building only; separate $25,000 bill of sale needed for business assets (upholstery business).
- Significant building upgrades include newer roofing system and upgraded electrical system.
- Interior improvements include updated interior walls and new flooring.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,920
$488.9K
Cap Rate 7%
$349,229
$349.2K
Cap Rate 9%
$271,622
$271.6K
Market Conditions
NOI Build-Up for 1,891 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.8K $19.44/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$34.9K $18.47/SF
− OpEx
−$10.5K −$5.54/SF
NOI
$24.4K $12.93/SF
Area
Weber County, UT
Vacancy
5.00%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,920
Cap Rate 7%
$349,229
Cap Rate 9%
$271,622
Alternative Uses
Best Use
Retail
$349.2K
$305.6K – $407.4K
NOI $24,446 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.1K
$381.6K – $508.8K
NOI $30,530 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Groceries 36%
Dining 3%
Electronics 2%
Fresh Market Stores
Groceries
15,064 visits/mo
0.2 miles
Dollar Tree
Shops & Services
11,962 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,481 visits/mo
0.2 miles
Chevron
Shops & Services
6,125 visits/mo
0.1 miles
Domino's Pizza
Dining
1,098 visits/mo
0.2 miles
Demographics for 84401, UT
42,968
Population
18,615
Households
2.3
Avg Household Size
32
Median Age
26%
College-Educated
90%
High-School Grad
30.7 sq mi
ZIP Area
1,400
Density / Sq Mi
$77,333
Median Household Income
$41,295
Median Earnings
$1,179
Median Rent
$410,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building includes a professional office build-out, dual barn doors, newer roof, updated interior walls, and upgraded electrical.
Where is this storefront property located?
The property is located at 1150 E 22nd Ogden, UT.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Pricing is for the building only; separate $25,000 bill of sale needed for business assets (upholstery business).; Significant building upgrades include newer roofing system and upgraded electrical system.; Interior improvements include updated interior walls and new flooring.
