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    1140 W Riverdale Rd Riverdale, UT 84405

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    1140 W Riverdale Rd Riverdale, UT 84405

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    • Strip malls
    • 19,353 SF
    • 1.36 lot acres
    For Lease
    $995,000
    View Listing →
    Riverdale Road Retail/Office Space For Lease
    $995,000
    1,100 SF

    Riverdale Road Retail/Office Space

    Retail or office space with high traffic and easy access.

    1140 W Riverdale Rd, Riverdale, UT 84405
    View Listing
    Property ID
    US86-0576418
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $995,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1140 W Riverdale Rd

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.36 lot acres
    Property size
    19,353 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    08-093-0046
    APU
    80930046

    Description

    This exceptional 19,353 square foot retail center, built in 2004, presents a unique investment opportunity in Riverdale, Utah. Located at 1140 W Riverdale Rd, 84405, this single-story building boasts 10 suites and sits on a 1.36-acre lot. The property offers convenient access to I-84 via SR 26 (Riverdale Rd) and SR 60 (1050 W), ensuring high visibility and accessibility for businesses. Currently, one suite of 1,000 square feet is available, with potential for expansion up to 2,600 square feet. The center enjoys a prime location on Riverdale Road, a high-traffic area with 50,000 vehicles passing daily, and benefits from proximity to major retailers such as At Home, Floor & Décor, Target, Sportsman's Warehouse, and Best Buy. The property's strategic location near I-15 and I-84 further enhances its appeal, providing easy access for customers and employees. The property type includes retail, office, and restaurant spaces, making it suitable for a variety of businesses. This is an excellent opportunity to acquire a well-situated retail center in a thriving Utah market. The property's strong tenant base and high traffic count make it an attractive investment for both seasoned and new investors. The available space presents a chance to establish a new business or expand an existing one in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $805,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,183,000
      Market price range: $773k - $1.18M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $980,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,330,000
      Change: +35% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,285,000
      Change: +31% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverdale
    County
    Weber
    State
    Utah
    Longitude
    -112.007
    Latitude
    41.1762
    CBSA code
    36260
    CBSA name
    OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,147
    $1,125,598
    $1,874,402
    $3,000,000
    -
    $1,125,598
    $1,874,402
    $3,000,000

    Comparable in this City

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      SHOPPING CENTER, STRIP CENTER • 6,623 SF
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      5,376 SF

      335 36th St

      SHOPPING CENTER, STRIP CENTER • 5,376 SF
      335 36th St, South Ogden, UT 84405-1623
      View Details
    • Value Estimation
      $990,000
      17,113 SF

      Ogden, UT 84405

      SHOPPING CENTER, STRIP CENTER • 17,113 SF
      Ogden, UT 84405
      View Details
    • Value Estimation
      $580,000
      15,100 SF

      4520 900th W

      SHOPPING CENTER, STRIP CENTER • 15,100 SF
      4520 900th W, Riverdale, UT 84405-7155
      View Details
    • Value Estimation
      $870,000
      15,990 SF

      4091 300th W

      SHOPPING CENTER, STRIP CENTER • 15,990 SF
      4091 300th W, Riverdale, UT 84405
      View Details

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      Retail property with stable tenants in a prime location.
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    Similar Nearby for Lease

    • Contact for pricing
      27,195 SF

      Riverdale Road Retail Space Available

      Prominent power center with excellent co-tenants near I-15.
      4043 Riverdale Rd, Riverdale, UT 84405
      View Details
    • Contact for pricing
      5,000 SF

      Dominant Retail Center Space Available

      Retail space available in a high-traffic shopping center.
      1071-1103 W Riverdale Rd, Ogden, UT 84405
      View Details
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      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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      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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      1,485 SF

      Retail Space in Power Center

      Retail spaces available in regional power center with excellent visibility.
      1155 W Riverdale Rd, Ogden, 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
      View Details
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    Riverdale, 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.

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    1140 W Riverdale Rd, Riverdale, UT, 84405

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