Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1483 Ridgeline Dr, Unit 3 South Ogden, UT 84405-4977

    • Office buildings
    • 960 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    Nov 01, 2023
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    4.5%
    Office buildings
    Location Intelligence
    Property ID
    US86-0625720
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 1483 Ridgeline Dr

    Year built
    1993
    Construction
    WOOD FRAME
    Lot size
    0.02 lot acres
    Property size
    960 SF
    Property type
    Office buildings
    APN
    07-730-0005
    APU
    77300005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $205,000
      6.5%
      $190,000
      7%
      $175,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $215,000
      WAREHOUSE, STORAGE
      $190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    South Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.941
    Latitude
    41.1545
    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
    $2,229
    $20,846
    $166,154
    $187,000
    -
    $20,846
    $166,154
    $187,000

    Comparable in this City

    • Value Estimation
      $385,000
      1,920 SF

      1348 Lester Dr

      OFFICE BUILDING • 1,920 SF
      1348 Lester Dr, South Weber, UT 84405
      View Details
    • Value Estimation
      $250,000
      399 SF

      1495 Ridgeline Dr, Unit 4

      OFFICE BUILDING • 399 SF
      1495 Ridgeline Dr, South Ogden, UT 84405-4976
      View Details
    • Value Estimation
      $265,000
      675 SF

      1483 Ridgeline Dr, Unit 6

      OFFICE BUILDING • 675 SF
      1483 Ridgeline Dr, South Ogden, UT 84405-4977
      View Details
    • Value Estimation
      $250,000
      733 SF

      5093 1500th W, Unit 2

      OFFICE BUILDING • 733 SF
      5093 1500th W, Riverdale, UT 84405-3969
      View Details
    • Value Estimation
      $265,000
      733 SF

      5093 1500th W, Unit 3

      OFFICE BUILDING • 733 SF
      5093 1500th W, Riverdale, UT 84405-3969
      View Details
    • Value Estimation
      $300,000
      7,758 SF

      1350 4400th S

      OFFICE BUILDING • 7,758 SF
      1350 4400th S, Ogden, UT 84405
      View Details

    Similar Nearby for Sale

    • $474,990
      0.04 Acres

      Office Building in Riverdale, UT

      Commercial office building for sale in Riverdale, Utah.
      1393 W 5175 S, Riverdale, UT 84405
      View Details
    • $265,000
      1.80 Acres

      Riverdale Land with Fruit Trees

      Nearly 2 acres in Riverdale with spectacular views and fruit trees.
      5973 S Weber Dr, Riverdale, UT 84405
      View Details
    • $189,900
      0.41 Acres

      Residential Lot with Mountain Views

      Spacious lot in Riverdale near recreation, shopping, and Hill AFB.
      5761 S Weber Dr, Riverdale, UT 84405
      View Details
    • $559,900
      2,516 SF

      South Ogden Duplex Investment Opportunity

      Duplexes in quiet neighborhood, updated, and fully occupied.
      4055 S Hillcrest Cir, South Ogden, UT 84405
      View Details
    • $329,900
      1,156 SF

      Updated Townhome with Convenient Access

      Updated townhome near Highway 89, Hill Air Force Base, and amenities.
      6133 S 1350 E, Ogden, UT 84405
      View Details
    • $460,000
      2,747 SF

      Versatile Commercial Property in Ogden

      2,747 sq. ft. commercial property with endless potential.
      302 E Chimes View Dr, South Ogden, UT 84405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,353 SF

      Riverdale Retail Center Investment

      Prime Riverdale retail space, high traffic.
      1140 Riverdale Rd, Riverdale, UT 84405
      View Details
    • $28 SF/Yr
      21,776 SF

      Ogden Office Space with Views

      Office space featuring 360-degree views and ample parking.
      5120 S 375 E, Ogden, UT 84405
      View Details
    • $23 SF/Yr
      1,903 SF

      Medical Office Space Available

      Medical office space with five exam rooms for lease.
      1486 E Skyline Dr, Ogden, UT 84405
      View Details
    • Contact for pricing
      3,471 SF

      Ogden Flex/Industrial Space Available

      Flex and industrial spaces for lease in Ogden, Utah.
      4282 S 1650 W, Ogden, UT 84405
      View Details
    • Contact for pricing
      812,000 SF

      Ogden, UT Office & Warehouse Space

      Class A Office/Warehouse, Flexible Suites Available
      4336 1650, Ogden, 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1483 Ridgeline Dr, Unit 3
    South Ogden, UT 84405-4977
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.