Building Details

Year Built 1989

Listing Agency: cRc Nationwide Show Phone

Listed By: Jeremy Sieverts Show Phone

Source: Moodyscre

Added: Feb 10 Changed: Oct 26 Last Checked: Nov 1 at 5:26AM

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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 cRc Nationwide

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Investment Insights

Based on property information with market context.

This campus-style flex space includes 33,108 square feet on approximately 4.9 acres, with improvements constructed in 1989. The property features abundant parking, multiple access points, an electronic pylon, and crown signage. The C-2 General Commercial zoning supports the range of uses identified for the site, including creative or flex office, corporate headquarters, an administrative campus, education or training, medical, healthcare or wellness, and event or community center applications.

The property is located at 1890 South 1350 West in West Haven, Utah, with I-15 visibility and access. Approximately 1.0 acre is identified for potential build-to-suit warehouse or flex development.

Key Highlights

• 33,108 SF commercial campus on ±4.9 acres
• C‑2 (General Commercial) zoning
• I‑15 visibility and access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$399,801

Cap Rate

8.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,996,020 $8.0M

Cap Rate 7%

$5,711,443 $5.7M

Cap Rate 9%

$4,442,233 $4.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 33,108 SF

Gross rent

$580.1K $17.52/SF

− Vacancy

−$47.0K −$1.42/SF

EGI

$533.1K $16.10/SF

− OpEx

−$133.3K −$4.03/SF

NOI

$399.8K $12.08/SF

Area

Weber County, UT

Vacancy

8.10%

Lease Rate

$17.52 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,996,020

Cap Rate 7%

$5,711,443

Cap Rate 9%

$4,442,233

Alternative Uses

Best Use

Office B

$5.71M

$5.00M – $6.66M (±1% cap)

NOI $399,801 @ 7.0% cap · market cap 8.08%

Second Best

Flex RnD

$3.06M

$2.68M – $3.57M (±1% cap)

NOI $214,300 @ 7.0% cap · market cap 4.33%

Theoretical Best

Office A

$7.64M

$6.68M – $8.91M (±1% cap)

NOI $534,528 @ 7.0% cap · market cap 10.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Independence University Utah ... Private University

Suggested Use

Top Pick Nail Salon (Bike/Boat/Book/etc) Store Carpet & Flooring Store Law Firm Hair Salon Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

234

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - C-2-zoned property with multiple access points, electronic pylon signage, and crown signage.

Where is this flex space located?

The property is located at 1890 S 1350 W Ogden, UT.

What is the asking price?

The asking price for this property is $4,950,000.

What are key features of this property?

This property features: 33,108 SF commercial campus on ±4.9 acres; C‑2 (General Commercial) zoning; I‑15 visibility and access