Mixed-Use Property with Commercial
For Sale
$369,900
2522 S MONROE BLVD, Ogden, UT 84401
Commercial duplex and adjoining residence offer live-work, retail, and office use options near a bus rapid transit connection.
Property Size2,957 SF
Days on Market9
Property Features for 2522 S MONROE BLVD
General Information
Standard status
Active
Size
2,957 SF
Property subtype
Retail
Property Condition
Severity
Major
Evidence
The house has had a fire
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
2,957 SF
Year Built
1930
Buildings
2
Tenancy
Multi
Listing Agency:
Equity Real Estate (Buckley)
(801) 557-9000
Listed By:
Teresa Bramwell
(801) 557-9000
Source:
Liftrealty
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 20 at 5:05AM
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 Equity Real Estate (Buckley)
Investment Insights
Based on property information with market context.
This mixed-use property includes a commercial duplex and the adjoining single-family residence at 2526 Monroe. The two commercial units measure 740 square feet and 532 square feet, with Monroe-facing glass entrances or windows and rear access to the parking area. The units have separate utilities apart from shared water service. Property improvements include a rubber roof installed 10 years ago, a newer water heater, furnace, south-side door, and rear doors for both commercial spaces. The residence, built in 1930, has experienced a fire and requires a permitted remodel before use. The property is offered as-is.
Located at 2522 S Monroe Blvd, the site is adjacent to the OGX bus rapid transit stop, with service connecting to FrontRunner. The lot includes two water lines, two sewer lines, three power meters, three gas meters, curb and gutter, sidewalk, a driveway, and off-street parking serving the commercial and residential portions. Three-phase power is available at the rear power pole. Ogden City planning approved a second-story addition and a three-car garage for the home in 2023. Listed permitted uses include live-work space, construction office, daycare, restaurant, coffee shop, church, school, retail, beauty salon, medical office, and 501c3 operations.
Located at 2522 S Monroe Blvd, the site is adjacent to the OGX bus rapid transit stop, with service connecting to FrontRunner. The lot includes two water lines, two sewer lines, three power meters, three gas meters, curb and gutter, sidewalk, a driveway, and off-street parking serving the commercial and residential portions. Three-phase power is available at the rear power pole. Ogden City planning approved a second-story addition and a three-car garage for the home in 2023. Listed permitted uses include live-work space, construction office, daycare, restaurant, coffee shop, church, school, retail, beauty salon, medical office, and 501c3 operations.
Key Highlights
- Commercial duplex includes 740‑square‑foot and 532‑square‑foot units
- OGX bus rapid transit stop connects with FrontRunner
- Two water lines, two sewer lines, three power meters, and three gas meters
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
$22,688
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
6.13%
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%
$453,760
$453.8K
Cap Rate 7%
$324,114
$324.1K
Cap Rate 9%
$252,089
$252.1K
Market Conditions
NOI Build-Up for 2,957 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
$39.0K $13.20/SF
− Vacancy
−$2.7K −$0.92/SF
EGI
$36.3K $12.28/SF
− OpEx
−$13.6K −$4.60/SF
NOI
$22.7K $7.67/SF
Area
Weber County, UT
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
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%
$453,760
Cap Rate 7%
$324,114
Cap Rate 9%
$252,089
Alternative Uses
Best Use
Retail
$546.1K
$477.8K – $637.1K
NOI $38,227 @ 7.0% cap · market cap 10.33%
Second Best
Office B
$510.1K
$446.4K – $595.1K
NOI $35,708 @ 7.0% cap · market cap 9.65%
Theoretical Best
Office A
$682.0K
$596.8K – $795.7K
NOI $47,741 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial duplex and adjoining residence offer live-work, retail, and office use options near a bus rapid transit connection.
Where is this mixed-use property located?
The property is located at 2522 S MONROE BLVD Ogden, UT.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Commercial duplex includes 740‑square‑foot and 532‑square‑foot units; OGX bus rapid transit stop connects with FrontRunner; Two water lines, two sewer lines, three power meters, and three gas meters
