Shopping Center with Garage
For Sale
$1,300,000
760 WALL AVE, Ogden, UT 84404
Two-building commercial property on Wall Avenue with established restaurant, automotive, and hobby-related business uses.
Property Size10,410 SF
Days on Market9
Property Features for 760 WALL AVE
General Information
Standard status
Active
Size
10,410 SF
Property subtype
Retail
Building Details
Building Size
10,410 SF
Year Built
1960
Listing Agency:
Century 21 Everest (Centerville)
(801) 449-3000
Listed By:
Doug Cary
(801) 872-4419
Source:
Liftrealty
Added: Aug 26
Changed: Sep 3
Last Checked: Sep 3 at 2:27AM
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 Century 21 Everest (Centerville)
Investment Insights
Based on property information with market context.
This shopping center consists of two buildings on two adjoining parcels, with commercial suites supporting a mix of restaurant, automotive, and hobby-related operations. The property also includes an additional 1,600 square feet of garage space in the front building beyond the primary building area reported for the asset.
Located at 760 Wall Ave in Ogden, the property was constructed in 1960. The sale includes parcels 12-093-0037 and 12-093-0031, providing a combined commercial property across both tax parcels. Existing business uses include a restaurant, tire shop, car battery shop, and hobby shop.
Located at 760 Wall Ave in Ogden, the property was constructed in 1960. The sale includes parcels 12-093-0037 and 12-093-0031, providing a combined commercial property across both tax parcels. Existing business uses include a restaurant, tire shop, car battery shop, and hobby shop.
Key Highlights
- Two‑building shopping center at 760 Wall Ave, Ogden, UT 84404
- Additional 1,600 square feet of garage space in the front building
- Sale includes parcels 12‑093‑0037 and 12‑093‑0031
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
$64,403
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
4.95%
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%
$1,288,060
$1.3M
Cap Rate 7%
$920,043
$920.0K
Cap Rate 9%
$715,589
$715.6K
Market Conditions
NOI Build-Up for 10,410 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
$93.7K $9.00/SF
− Vacancy
−$1.7K −$0.16/SF
EGI
$92.0K $8.84/SF
− OpEx
−$27.6K −$2.65/SF
NOI
$64.4K $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%
$1,288,060
Cap Rate 7%
$920,043
Cap Rate 9%
$715,589
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,576 @ 7.0% cap · market cap 10.35%
Second Best
Industrial
$920.0K
$805.0K – $1.07M
NOI $64,403 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,069 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
201k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 23%
Home Improvements & Furnishings 18%
Electronics 5%
The Home Depot
Home Improvements & Furnishings
36,012 visits/mo
0.2 miles
Maverik Adventures First Stop
Shops & Services
21,295 visits/mo
0.5 miles
Dutch Bros. Coffee
Dining
20,508 visits/mo
0.5 miles
Cafe Zupas
Dining
15,334 visits/mo
0.5 miles
Del Taco
Dining
13,692 visits/mo
0.3 miles
Demographics for 84404, UT
66,382
Population
23,907
Households
2.8
Avg Household Size
32
Median Age
22%
College-Educated
89%
High-School Grad
96.3 sq mi
ZIP Area
689
Density / Sq Mi
$81,917
Median Household Income
$42,844
Median Earnings
$1,304
Median Rent
$352,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-building commercial property on Wall Avenue with established restaurant, automotive, and hobby-related business uses.
Where is this shopping center located?
The property is located at 760 WALL AVE Ogden, UT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two‑building shopping center at 760 Wall Ave, Ogden, UT 84404; Additional 1,600 square feet of garage space in the front building; Sale includes parcels 12‑093‑0037 and 12‑093‑0031
