Ogden Warehouse on 2.5
For Sale
$9,000,000
3083 Scott Lane, Ogden, UT 84401
40,908 sq ft warehouse on 2.5 acres in Ogden.
Property Size40,908 SF
Lot Size2.50 Acres
Price / SF$220.01
Days on Market151
Property Features for 3083 Scott Lane
General Information
Standard status
Active
Size
40,908 SF
Lot size
2.50 Acres
Property subtype
Industrial
Listing Agency:
CBRE - Salt Lake City
(801) 869-8007
Listed By:
Chris Liddell · License #7205763-SA00
(801) 869-8007
Source:
Cbre
Added: Mar 25
Changed: Aug 9
Last Checked: Aug 21 at 12:55PM
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 CBRE - Salt Lake City
Investment Insights
Based on property information with market context.
Located on the corner of Scott Lane and Commerce Way in Ogden, this property features a 40,908 sq ft building situated on 2.5 acres. The building includes 11,836 sq ft of office space, accounting for 28.9% of the total area. It is equipped with eight dock-high doors and one ground-level door. The clear height within the warehouse is 24 feet. The property coverage is 37.5%. The property is currently occupied and will be available in June 2027.
Key Highlights
- Building size: 40,908 sq. ft.
- Located on 2.5 acres at the corner of Scott Lane and Commerce Way
- Office space: 11,836 sq. ft. (28.9% of building)**
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
$305,435
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
3.39%
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%
$6,108,700
$6.1M
Cap Rate 7%
$4,363,357
$4.4M
Cap Rate 9%
$3,393,722
$3.4M
Market Conditions
NOI Build-Up for 40,908 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
$368.2K $9.00/SF
− Vacancy
−$8.8K −$0.22/SF
EGI
$359.3K $8.78/SF
− OpEx
−$53.9K −$1.32/SF
NOI
$305.4K $7.47/SF
Area
Weber County, UT
Vacancy
2.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$6,108,700
Cap Rate 7%
$4,363,357
Cap Rate 9%
$3,393,722
Alternative Uses
Best Use
Warehouse
$4.36M
$3.82M – $5.09M
NOI $305,435 @ 7.0% cap · market cap 3.39%
Second Best
Industrial
$3.62M
$3.16M – $4.22M
NOI $253,081 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$9.44M
$8.26M – $11.01M
NOI $660,459 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
401
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 40,908 sq ft warehouse on 2.5 acres in Ogden.
Where is this warehouse located?
The property is located at 3083 Scott Lane Ogden, UT.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Building size: 40,908 sq. ft.; Located on 2.5 acres at the corner of Scott Lane and Commerce Way; Office space: 11,836 sq. ft. (28.9% of building)**
