Washington Boulevard Retail
New
For Sale
$425,000
3145 WASHINGTON BLVD, Ogden, UT 84401
Flexible commercial setting suited to retail, personal service, food, or office operations.
Property Size1,518 SF
Days on Market5
Property Features for 3145 WASHINGTON BLVD
General Information
Standard status
Active
Size
1,518 SF
Property subtype
Retail
Building Details
Building Size
1,518 SF
Year Built
1907
Listing Agency:
Northern Realty Inc
(801) 336-3060
Listed By:
Rose Alvarado Lozano
(385) 240-9196
Source:
Liftrealty
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 12 at 6:15AM
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 Northern Realty Inc
Investment Insights
Based on property information with market context.
This retail space at 3145 Washington Blvd offers a commercial setting for a range of possible uses, including a tattoo shop, bakery, hair salon, pet shop, sandwich shop, bookstore, toy store, secondhand store, or office. The building dates to 1907 and is located in Ogden, Utah.
Key Highlights
- Retail space at 3145 Washington Blvd, Ogden, UT 84401
- Building constructed in 1907
- Potential uses include bakery, hair salon, pet shop, sandwich shop, bookstore, toy store, secondhand store, or office
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
$19,624
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
4.62%
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%
$392,480
$392.5K
Cap Rate 7%
$280,343
$280.3K
Cap Rate 9%
$218,044
$218.0K
Market Conditions
NOI Build-Up for 1,518 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
$29.5K $19.44/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$28.0K $18.47/SF
− OpEx
−$8.4K −$5.54/SF
NOI
$19.6K $12.93/SF
Area
Weber County, UT
Vacancy
5.00%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
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%
$392,480
Cap Rate 7%
$280,343
Cap Rate 9%
$218,044
Alternative Uses
Best Use
Retail
$280.3K
$245.3K – $327.1K
NOI $19,624 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.1K
$306.4K – $408.5K
NOI $24,508 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
88k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 24%
Home Improvements & Furnishings 3%
Electronics 1%
Dollar Tree
Shops & Services
15,584 visits/mo
0.1 miles
Rancherito's
Dining
12,753 visits/mo
0.5 miles
Arby's
Dining
7,202 visits/mo
0.3 miles
Chevron
Shops & Services
6,557 visits/mo
0.3 miles
7-Eleven
Shops & Services
5,738 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial setting suited to retail, personal service, food, or office operations.
Where is this retail space located?
The property is located at 3145 WASHINGTON BLVD Ogden, UT.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Retail space at 3145 Washington Blvd, Ogden, UT 84401; Building constructed in 1907; Potential uses include bakery, hair salon, pet shop, sandwich shop, bookstore, toy store, secondhand store, or office
