875 40th St, Ogden, UT
High-quality medical office space in a premium location.
- 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
Listing agent Justin Bailey (801) 303-5493
Listing office Cushman & Wakefield | Salt Lake City (801) 303-5493
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
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 |
Alternative Uses
Current Use by Public Records
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