Office/Warehouse Investment
3277 MIDLAND DR Ogden, UT 84401
3277 MIDLAND DR, Ogden, UT, 84401
Contact for pricing
For Sale
Contact for pricing
Pending
Two-unit office/warehouse offers a long-term NNN tenant plus a vacant suite for immediate owner use or lease-up.
Property Size9,750 SF
Lot Size0.86 Acres
Days on Market49
Property Features for 3277 MIDLAND DR
General Information
- Standard status
- Pending
- Size
- 9,750 SF
- Lot size
- 0.86 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2006
Listing agency
KW Utah Realtors Keller Williams
Listed by
Shad Selmos · License #UT 9241614SA00
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 4:00PM Checked: Jul 19 at 8:31AM
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 KW Utah Realtors Keller Williams
Investment Insights
Based on property information with market context.
This 9,750 SF office/warehouse property sits on 0.86 acres and is divided into two separate units. One unit is leased to Advanced Doors under a NNN lease term extending through 2034. The second unit is currently vacant, allowing for immediate owner-user occupancy or for a new tenant to be placed after acquisition.
The property is located in an M-1 zoned industrial area and is described as having excellent access to major transportation corridors, supporting a wide range of industrial, warehouse, manufacturing, and service-related operations.
For buyers, the two-unit structure provides a combination of stability from the in-place NNN lease and flexibility through the available vacancy. Owner-users can evaluate the vacant unit for immediate operational space while maintaining rental income from the leased suite. Investors may also consider acquiring the asset with one long-term tenant in place and an additional unit ready for occupancy upon the next tenant agreement.
The property is located in an M-1 zoned industrial area and is described as having excellent access to major transportation corridors, supporting a wide range of industrial, warehouse, manufacturing, and service-related operations.
For buyers, the two-unit structure provides a combination of stability from the in-place NNN lease and flexibility through the available vacancy. Owner-users can evaluate the vacant unit for immediate operational space while maintaining rental income from the leased suite. Investors may also consider acquiring the asset with one long-term tenant in place and an additional unit ready for occupancy upon the next tenant agreement.
Key Highlights
- 9,750 SF office/warehouse built in 2006 on 0.86 acres in Ogden’s industrial market
- Two‑unit layout: one leased and one vacant, allowing immediate owner occupancy or lease‑up
- Leased unit to Advanced Doors under an NNN lease in place through 2034
Local Financial Insights For Warehouse
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 | $87.8k | $9.00 |
| − Vacancy | −$2.1k | −$0.22 |
| EGI | $85.6k | $8.78 |
| − OpEx | −$12.8k | −$1.32 |
| NOI | $72.8k | $7.47 |
9,750 SF · lease $9.00/SF/yr · vacancy 2.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.04M
$910.0K – $1.21M
NOI $72,797 @ 7.0% cap · market cap 4.28%
Second Best
Flex RnD
$901.6K
$788.9K – $1.05M
NOI $63,109 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,414 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Intermountain T-Shirt Co
Production Facility
Advanced Garage Door
Building Supply
Advanced Door - Ogden
Building Supply
Rocky Mountain Movers ...
Moving Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two-unit office/warehouse offers a long-term NNN tenant plus a vacant suite for immediate owner use or lease-up.
Where is this flex space located?
The property is located at 3277 MIDLAND DR Ogden, UT.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9,750 SF office/warehouse built in 2006 on 0.86 acres in Ogden’s industrial market; Two‑unit layout: one leased and one vacant, allowing immediate owner occupancy or lease‑up; Leased unit to Advanced Doors under an NNN lease in place through 2034
