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    Medical Office Space Available Title is generated by Realmo AI

    875 40th St, Ogden, UT

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    High-quality medical office space in a premium location.

    Type:OFFICE
    Property size:
    20,540 SF
    Lot size:
    2.45 Acres
    Price / SF:
    $238/SF
    Added:
    Jun 9, 2025
    Days on Market:
    371
    Last Refresh:
    May 20 at 8:57 pm

    Property Features for 875 40th St

    General Information

    Standard status
    Active
    Size
    20,540 SF
    Lot size
    2.45 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Justin Bailey
    Justin Bailey

    Listing agent Justin Bailey

    Listing office Cushman & Wakefield | Salt Lake City

    Listing date Jun 9, 2025

    Source Moodyscre

    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 Cushman & Wakefield | Salt Lake City

    HighLights

    • Fully built‑out medical space with surgery rooms, ready for immediate use
    • Premium location on Country Hills Drive (40th Street), a major retail and medical‑office corridor with high traffic
    • Proximity to McKay‑Dee Hospital, Intermountain Health’s 3rd‑largest hospital (less than a quarter mile)
    • High parking ratio of 4.67x
    • Strong area demographics: 59,221 households with median incomes of $78,080 within a 5‑mile radius
    • Opportunity for owner‑users and investors with potential short‑term extension from current tenant (4‑6 months)

    Overview

    This property offers a fully built-out medical space that includes surgery rooms. It is located on Country Hills Drive (40th Street), a major retail and medical-office corridor experiencing 20,255 average daily vehicles. The property benefits from a substantial 4.67x parking ratio. Situated less than a quarter mile southeast of the property is the McKay-Dee Hospital, Intermountain Health’s 3rd-largest hospital. The surrounding area has strong demographics, with 59,221 households and median incomes of $78,080 within a 5-mile radius. The current tenant, Country Hills Eye Center, plans to sign a short-term extension of 4 to 6 months before vacating the property. This presents an opportunity for both owner-users and investors to secure medical office space in a premium location.

    Local Financial Insights For Healthcare Medical

    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 $515.1k $25.08
    − Vacancy −$51.0k −$2.48
    EGI $464.1k $22.60
    − OpEx −$185.7k −$9.04
    NOI $278.5k $13.56
    20,540 SF · lease $25.08/SF/yr · vacancy 9.90% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $3.98M
    $3.48M – $4.64M (±1% cap)
    NOI $278,486 @ 7.0% cap · market cap 5.68%
    Second Best
    Office B
    $3.54M
    $3.10M – $4.13M (±1% cap)
    NOI $248,034 @ 7.0% cap · market cap 5.06%
    Theoretical Best
    Office A
    $4.74M
    $4.15M – $5.53M (±1% cap)
    NOI $331,618 @ 7.0% cap · market cap 6.77%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Wasatch Hollow Animal Hospital — 4300 Harrison Blvd #5, Ogden, UT 84403

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.958
    Latitude
    41.1897

    FAQs

    What type of property is this?
    Medical Office Space - High-quality medical office space in a premium location.
    Where is this medical office space located?
    The property is located at 875 40th St Ogden, UT.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Fully built‑out medical space with surgery rooms, ready for immediate use; Premium location on Country Hills Drive (40th Street), a major retail and medical‑office corridor with high traffic; Proximity to McKay‑Dee Hospital, Intermountain Health’s 3rd‑largest hospital (less than a quarter mile)
    (801) 303-5493 Call to check price and availability
    More about this property
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