Medical Office
1159 12th St Ogden, UT 84404
For Sale
Contact for pricing
Medical and general office use is allowed, with existing medical improvements and new HVAC installed in 2023–2024.
Property Size13,434 SF
Price / SF$230.76
Days on Market544
Property Features for 1159 12th St
General Information
Standard status
Active
Size
13,434 SF
Property subtype
OFFICE
Listing Agency:
Mountain West | Northern Utah
(385) 429-5500
Listed By:
Chris Falk, CCIM, SIOR · License #UT 8615580-SA00
Source:
Moodyscre
Added: Jan 31, 2025
Changed: Jul 28
Last Checked: Jul 28 at 4:36PM
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 Mountain West | Northern Utah
Investment Insights
Based on property information with market context.
This for-sale office property is approved for medical and general office use and includes existing medical improvements designed to support healthcare workflows. The space also offers generous tenant improvement monies available, supporting flexible customization for an incoming operator.
New HVAC systems were installed in 2023–2024, providing a recently updated mechanical base for day-to-day operations.
Overall, the building is positioned for medical or professional office use with in-place improvements and current HVAC upgrades.
New HVAC systems were installed in 2023–2024, providing a recently updated mechanical base for day-to-day operations.
Overall, the building is positioned for medical or professional office use with in-place improvements and current HVAC upgrades.
Key Highlights
- Medical and general office use allowed
- Existing medical improvements in place
- Generous tenant improvement monies available
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $336.9k | $25.08 |
| − Vacancy | −$33.4k | −$2.48 |
| EGI | $303.6k | $22.60 |
| − OpEx | −$121.4k | −$9.04 |
| NOI | $182.1k | $13.56 |
13,434 SF · lease $25.08/SF/yr · vacancy 9.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.60M
$2.28M – $3.04M
NOI $182,142 @ 7.0% cap · market cap 5.88%
Second Best
Office B
$2.32M
$2.03M – $2.70M
NOI $162,224 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,892 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical and general office use is allowed, with existing medical improvements and new HVAC installed in 2023–2024.
Where is this medical office space located?
The property is located at 1159 12th St Ogden, UT.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Medical and general office use allowed; Existing medical improvements in place; Generous tenant improvement monies available
