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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Retail space
1931 Washington Blvd Ogden, UT 84401-0400
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0667367
Property summary
AI-generated overview
This exceptional 10,610-square-foot retail property, located at 1931 Washington Blvd in Ogden, Utah, presents a significant opportunity. Built in 2012, the single-story Gear:30 Building sits on a 0.87-acre lot and is zoned MU. The entire 10,610 square feet is currently vacant, offering immediate occupancy. The space boasts a main floor of 9,621 square feet and a 989-square-foot office mezzanine, providing flexibility for various business needs. The building features an impressive 18-foot ceiling height. Its prime location on Washington Blvd offers exceptional visibility and accessibility, with a high daily traffic count of 32,813 vehicles. Dedicated parking is available, ensuring convenient access for customers and employees. The lease rate is $17.00 per square foot, NNN. The property's APN is 030410014, and it's situated in Weber County, Utah, zip code 84401. This is an ideal location for businesses seeking high visibility and a strong presence in downtown Ogden.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,677 SF
Lot
0.87 ac (37,820 SF)
APN
03-041-0014
UPID
US86-0667367
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.62M
Owner & transaction history
Markbkrisp LLC · 11 yrs held
Markbkrisp LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+50.5%
Restaurant
$1.4M
+14.4%
Auto repair, garage
$1.3M
+10.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ogden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ogden submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,185,000
Current use
OFFICE BUILDING
$1,780,000
Change: +51% · Conversion: Easy
RESTAURANT
$1,355,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,305,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$35,149
Tax year 2024
Assessed value
$2,783,000
Assessed 2024
Previous assessed
$2,783,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$803,675
Assessed improvement
$1,979,325
Land market value
$803,675
Improvement market value
$1,979,325
Total market value
$2,783,000
Applied tax rate
390.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
13,677 SF
Lot
0.87 ac (37,820 SF)
APN
03-041-0014
UPID
US86-0667367
Jurisdiction
WEBER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Markbkrisp LLC
Entity
Mailing address
381 W 3950TH N, PLEASANT VIEW, UT 84414-1491
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2016
—
Markbkrisp LLC
—
Deed
related
$125,000 · Damen Burnham
Mar 27, 2015
—
Markbkrisp LLC
Shonik LLC
Warranty Deed
$3,059,536 · Golden West FCU
Aug 10, 2012
—
Shonik LLC
—
Trustees Deed
related
$1,200,000 · Bank Of Utah
—
—
Markbkrisp LLC
—
Deed Of Trust
related
$125,000 · Damen Burnham
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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