Two-Building Industrial Property with Fenced
For Sale
$995,000
350 HEALY, Ogden, UT 84401
Two connected buildings with three entrances and a fenced side yard, suited for a variety of service uses.
Property Size8,400 SF
Days on Market120
Property Features for 350 HEALY
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Building Details
Building Size
8,400 SF
Year Built
1963
Listing Agency:
Northern Realty Inc
(801) 336-3060
Listed By:
Rose Alvarado Lozano
(385) 240-9196
Source:
Liftrealty
Added: May 13
Changed: Sep 8
Last Checked: Sep 8 at 5:43AM
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.
The property consists of two connected buildings, with the front building described as somewhat smaller. The site is accessed through three entrances: one at the front of the building and one on each side of the building. A fenced side yard is included, providing defined outdoor space.
The property is located at 350 Healy in Ogden, Utah (84401). The configuration and multiple entry points may support a range of business setups, including an animal hospital, dog training, grooming, lodging, and other service-oriented uses.
It is also described as a potential fit for uses such as a mechanic shop and other office or light operational applications, depending on a tenant’s specific requirements.
The property is located at 350 Healy in Ogden, Utah (84401). The configuration and multiple entry points may support a range of business setups, including an animal hospital, dog training, grooming, lodging, and other service-oriented uses.
It is also described as a potential fit for uses such as a mechanic shop and other office or light operational applications, depending on a tenant’s specific requirements.
Key Highlights
- Two connected buildings with 3 entrances—one at the front and one on each side of the main building
- Fenced side yard
- Year built: 1963
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
$51,967
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
5.22%
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%
$1,039,340
$1.0M
Cap Rate 7%
$742,386
$742.4K
Cap Rate 9%
$577,411
$577.4K
Market Conditions
NOI Build-Up for 8,400 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
$75.6K $9.00/SF
− Vacancy
−$1.4K −$0.16/SF
EGI
$74.2K $8.84/SF
− OpEx
−$22.3K −$2.65/SF
NOI
$52.0K $6.19/SF
Area
Weber County, UT
Vacancy
1.80%
Lease Rate
$9.00 /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%
$1,039,340
Cap Rate 7%
$742,386
Cap Rate 9%
$577,411
Alternative Uses
Best Use
Industrial
$742.4K
$649.6K – $866.1K
NOI $51,967 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,618 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
826
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Two connected buildings with three entrances and a fenced side yard, suited for a variety of service uses.
Where is this manufacturing property located?
The property is located at 350 HEALY Ogden, UT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two connected buildings with 3 entrances—one at the front and one on each side of the main building; Fenced side yard; Year built: 1963
