Medical Office Space
For Sale
Contact for pricing
875 40th St, Ogden, UT
High-quality medical office space in a premium location.
Property Size20,540 SF
Lot Size2.45 Acres
Price / SF$238.56
Days on Market507
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) 322-2000
Listed By:
Justin Bailey
(801) 303-5493
Source:
Moodyscre
Added: Jun 9, 2025
Changed: Oct 25
Last Checked: Oct 26 at 1:53PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$278,486
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,569,720
$5.6M
Cap Rate 7%
$3,978,371
$4.0M
Cap Rate 9%
$3,094,289
$3.1M
Market Conditions
NOI Build-Up for 20,540 SF
Gross rent
$515.1K $25.08/SF
− Vacancy
−$51.0K −$2.48/SF
EGI
$464.1K $22.60/SF
− OpEx
−$185.7K −$9.04/SF
NOI
$278.5K $13.56/SF
Area
Weber County, UT
Vacancy
9.90%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,569,720
Cap Rate 7%
$3,978,371
Cap Rate 9%
$3,094,289
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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)
