Corner Flex Industrial
513 W Lake St, Ogden, UT 84401
For Sale
$504,000
Corner C-2 industrial property with a warehouse plus an attached space ready for office, studio, or workspace conversion.
Property Size2,468 SF
Lot Size0.19 Acres
Price / SF$204.21
Days on Market140
Property Features for 513 W Lake St
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Drive-In Doors
Building Details
Year Built
Listing Agency:
Better Homes and Gardens Real Estate Momentum (Kaysville)
Listed By:
Teresa Aguilar
(385) 416-2098
Source:
Chancehammock
Added: Jun 24
Changed: Nov 9
Last Checked: Oct 7 at 2:34PM
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 Better Homes and Gardens Real Estate Momentum (Kaysville)
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Investment Insights
Based on property information with market context.
This corner industrial and flex property is zoned C-2 Industrial and includes a 1,788 sq. ft. warehouse with two drive-up entrances, designed for trucks, vehicles, or equipment. An attached 680 sq. ft. area is currently available and ready to convert into an office, studio, or additional workspace right next to your shop. The lot size is 0.19 acres, with ample room for multiple vehicle parking to support business operations and customer access.
The site is described as quiet and easily accessible, with direct access to major roads and freeway connections. The property is surrounded by compatible industrial neighbors. The public remarks also note proximity to Observatory Park, Ogden Bike Trails, The Fort Disc Golf Course, downtown Ogden, and 24th & 25th Street, as well as local restaurants and transit. Buyer and broker to verify all information.
With warehouse space and drive-up access, the property can support a range of industrial and creative uses, including light manufacturing and shop-based operations. It is also described as suitable for warehouse, storage, fitness/training, or boutique retail, depending on the tenant’s buildout needs for the attached conversion space. Seller finance is available, and interested parties should contact the listing agent with questions.
The site is described as quiet and easily accessible, with direct access to major roads and freeway connections. The property is surrounded by compatible industrial neighbors. The public remarks also note proximity to Observatory Park, Ogden Bike Trails, The Fort Disc Golf Course, downtown Ogden, and 24th & 25th Street, as well as local restaurants and transit. Buyer and broker to verify all information.
With warehouse space and drive-up access, the property can support a range of industrial and creative uses, including light manufacturing and shop-based operations. It is also described as suitable for warehouse, storage, fitness/training, or boutique retail, depending on the tenant’s buildout needs for the attached conversion space. Seller finance is available, and interested parties should contact the listing agent with questions.
Key Highlights
- Corner property zoned C‑2 Industrial in an easily accessible location
- 1,788 SF warehouse with two drive‑up entrances for trucks, vehicles, or equipment
- Attached 680 SF area ready to convert into an office, studio, or additional workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,427
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,540
$368.5K
Cap Rate 7%
$263,243
$263.2K
Cap Rate 9%
$204,744
$204.7K
Market Conditions
NOI Build-Up for 2,468 SF
Gross rent
$22.2K $9.00/SF
− Vacancy
−$533 −$0.22/SF
EGI
$21.7K $8.78/SF
− OpEx
−$3.3K −$1.32/SF
NOI
$18.4K $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 Rate 5%
$368,540
Cap Rate 7%
$263,243
Cap Rate 9%
$204,744
Alternative Uses
Best Use
Warehouse
$263.2K
$230.3K – $307.1K
NOI $18,427 @ 7.0% cap · market cap 3.66%
Second Best
Flex RnD
$228.2K
$199.7K – $266.3K
NOI $15,975 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$569.2K
$498.1K – $664.1K
NOI $39,846 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Ogden
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Corner C-2 industrial property with a warehouse plus an attached space ready for office, studio, or workspace conversion.
Where is this flex space located?
The property is located at 513 W Lake St Ogden, UT.
What is the asking price?
The asking price for this property is $504,000.
What are key features of this property?
This property features: Corner property zoned C‑2 Industrial in an easily accessible location; 1,788 SF warehouse with two drive‑up entrances for trucks, vehicles, or equipment; Attached 680 SF area ready to convert into an office, studio, or additional workspace
