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    6024 1550 Ogden, UT 84405

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    6024 1550 Ogden, UT 84405

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    • Retail properties & Spaces
    • 5,439 SF
    • 0.89 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • VIP Hibachi Catering / Catering Service / Take-out & Catering
    • Kobe Teppanyaki / Restaurant

    Property Details for 6024 1550

    Year built
    2011
    Lot size
    0.89 lot acres
    Property size
    5,439 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional 5,439 square foot convenience store, built in 2011, presents a lucrative investment opportunity in Ogden, Utah. Situated on a 0.89-acre lot at 6024 S 1550 E, 84405, this single-story building enjoys a prime location within Weber County. The property's substantial size offers ample space for retail operations, storage, and potential expansion. Its convenient location ensures high visibility and accessibility for customers. The 2011 construction suggests a relatively modern building with potentially lower maintenance costs compared to older structures. This property is ideal for an established business seeking to expand or a new entrepreneur looking to enter the thriving Ogden market. The property's size and location make it a strong contender for a variety of retail uses, offering significant potential for return on investment. Detailed financial information is available upon request. Serious inquiries only. Contact us to discuss this exceptional opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.938
    Latitude
    41.1534

    Comparable in this City

    • Value Estimation
      $885,000
      5,906 SF

      899 Riverdale Rd

      CONVENIENCE STORE • 5,906 SF
      899 Riverdale Rd, Riverdale, UT 84405-3716
      View Details
    • Value Estimation by Request
      3,047 SF

      Ogden, UT 84405

      CONVENIENCE STORE • 3,047 SF
      Ogden, UT 84405
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    • Value Estimation by Request
      1,900 SF

      Ogden, UT 84405

      CONVENIENCE STORE • 1,900 SF
      Ogden, UT 84405
      View Details
    • Value Estimation
      $575,000
      4,206 SF

      5153 Adams Ave

      CONVENIENCE STORE • 4,206 SF
      5153 Adams Ave, Washington Terrace, UT 84405-4522
      View Details
    • Value Estimation by Request
      1,980 SF

      4375 300th W

      CONVENIENCE STORE • 1,980 SF
      4375 300th W, Washington Terrace, UT 84405-5503
      View Details
    • Value Estimation
      $910,000
      6,719 SF

      1472 Riverdale Rd

      CONVENIENCE STORE • 6,719 SF
      1472 Riverdale Rd, Riverdale, UT 84405-3908
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      3,950 SF

      Retail Space on Riverdale Road

      Large retail space with storage in high-traffic area.
      4031-4039 Riverdale Rd, Ogden, UT 84405
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    • Contact for pricing
      93,920 SF

      Prominent Retail Space on Riverdale

      Retail space in a prominent power center on Riverdale Road.
      4045-4113 Riverdale Rd, Ogden, UT 84405
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    • Contact for pricing
      1,125 SF

      Retail Space in Regional Center

      Retail spaces available in a high-traffic regional power center.
      1061-1067 W Riverdale Rd, Ogden, UT 84405
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    • Contact for pricing
      1,500 SF

      Retail Space on Riverdale Road

      Retail space available for sublease with high traffic counts.
      4050-4074 Riverdale Rd, Riverdale, UT 84405
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    • Contact for pricing
      6,000 SF

      Retail Space Near I-15

      Retail spaces available in Riverdale, Utah, near major retailers.
      744-750 W Riverdale Rd, Riverdale, UT 84405
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    • Contact for pricing
      1,351 SF

      Riverdale Retail Space with Drive-Thru

      2,000 SF end-cap space with drive-thru on Riverdale Road.
      4139-4153 Riverdale Rd, Riverdale, UT 84405
      View Details
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    6024 1550
    Ogden, UT 84405
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    6024 1550, Ogden, UT, 84405

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