Corner Automotive Care
For Sale
$750,000
3563 Lincoln Ave, Ogden, UT 84401
3,022 SF corner building with ample parking, operating as an automotive care facility and suited for multiple commercial uses under CP-2 zoning.
Property Size3,022 SF
Price / SF$248.18
Days on Market84
Property Features for 3563 Lincoln Ave
General Information
Standard status
Active
Size
3,022 SF
Zoning
CP-2
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,072
Listing Agency:
Refined Real Estate LLC
(801) 392-2000
Listed By:
Thomas Moore · License #11986873-SA00
(801) 392-2000
Source:
Exprealty
Added: Jun 2
Changed: Aug 23
Last Checked: Aug 23 at 2:19PM
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 Refined Real Estate LLC
Investment Insights
Based on property information with market context.
This 3,022 square foot commercial building is currently operating as an automotive care business. The property is positioned as a functional, purpose-built space for automotive-related activity, while also allowing flexibility for other commercial uses under CP-2 zoning.
The building sits on a visible corner and is described as having easy access and ample parking, supporting convenient customer arrival and site circulation. This combination of location and parking helps accommodate daily operations for a broad range of commercial tenants.
With its current automotive care use and CP-2 zoning, the property may fit operators seeking a turnkey-style commercial building with established functionality. It is also a strong candidate for buyers looking for a versatile site that can support multiple commercial applications within the allowed zoning framework.
The building sits on a visible corner and is described as having easy access and ample parking, supporting convenient customer arrival and site circulation. This combination of location and parking helps accommodate daily operations for a broad range of commercial tenants.
With its current automotive care use and CP-2 zoning, the property may fit operators seeking a turnkey-style commercial building with established functionality. It is also a strong candidate for buyers looking for a versatile site that can support multiple commercial applications within the allowed zoning framework.
Key Highlights
- 3,022 SF commercial building built in 1983
- Currently operating as an automotive care business
- Located on a visible corner with easy access and ample parking
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
$39,067
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
5.21%
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%
$781,340
$781.3K
Cap Rate 7%
$558,100
$558.1K
Cap Rate 9%
$434,078
$434.1K
Market Conditions
NOI Build-Up for 3,022 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
$58.7K $19.44/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$55.8K $18.47/SF
− OpEx
−$16.7K −$5.54/SF
NOI
$39.1K $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%
$781,340
Cap Rate 7%
$558,100
Cap Rate 9%
$434,078
Alternative Uses
Best Use
Retail
$558.1K
$488.3K – $651.1K
NOI $39,067 @ 7.0% cap · market cap 5.21%
Second Best
Industrial
$267.1K
$233.7K – $311.6K
NOI $18,696 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$697.0K
$609.9K – $813.2K
NOI $48,790 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
424k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 37%
Dining 27%
Shops & Services 23%
Groceries 8%
Costco Wholesale
Superstores
139,049 visits/mo
0.2 miles
McDonald's
Dining
34,727 visits/mo
0.5 miles
Macey's
Groceries
32,084 visits/mo
0.2 miles
Costco Gasoline
Shops & Services
32,059 visits/mo
0.3 miles
Texas Roadhouse
Dining
31,690 visits/mo
0.5 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
Market
Vacancy Rate% for Retail 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?
Auto shop - 3,022 SF corner building with ample parking, operating as an automotive care facility and suited for multiple commercial uses under CP-2 zoning.
Where is this auto shop located?
The property is located at 3563 Lincoln Ave Ogden, UT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,022 SF commercial building built in 1983; Currently operating as an automotive care business; Located on a visible corner with easy access and ample parking
