Medical Office Space
875 40th St Ogden, UT
For Sale
Contact for pricing
High-quality medical office space in a premium location.
Property Size20,540 SF
Lot Size2.45 Acres
Price / SF$238.56
Days on Market416
Property Features for 875 40th St
General Information
Standard status
Active
Size
20,540 SF
Lot size
2.45 Acres
Property subtype
OFFICE
Listing Agency:
Cushman & Wakefield | Salt Lake City
(801) 303-5493
Listed By:
Justin Bailey
(801) 303-5493
Source:
Moodyscre
Added: Jun 9, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:27AM
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 Cushman & Wakefield | Salt Lake City
Investment Insights
Based on property information with market context.
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.
Key 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)
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
NOI $278,486 @ 7.0% cap · market cap 5.68%
Second Best
Office B
$3.54M
$3.10M – $4.13M
NOI $248,034 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$4.74M
$4.15M – $5.53M
NOI $331,618 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Wasatch Hollow Animal Hospital — 4300 Harrison Blvd #5, Ogden, UT 84403
Frequently Asked Questions
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)
