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

    1931 Washington Blvd Ogden, UT 84401

    • Retail space
    • 13,677 SF
    • 0.87 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0667367
    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

    • Retail space

    Property Details for 1931 Washington Blvd

    Year built
    2012
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.87 lot acres
    Property size
    13,677 SF
    Property type
    Retail space
    APN
    03-041-0014
    APU
    30410014

    Description

    This exceptional 10,610-square-foot retail property, located at 1931 Washington Blvd in Ogden, Utah, presents a significant opportunity. Built in 2012, the single-story Gear:30 Building sits on a 0.87-acre lot and is zoned MU. The entire 10,610 square feet is currently vacant, offering immediate occupancy. The space boasts a main floor of 9,621 square feet and a 989-square-foot office mezzanine, providing flexibility for various business needs. The building features an impressive 18-foot ceiling height. Its prime location on Washington Blvd offers exceptional visibility and accessibility, with a high daily traffic count of 32,813 vehicles. Dedicated parking is available, ensuring convenient access for customers and employees. The lease rate is $17.00 per square foot, NNN. The property's APN is 030410014, and it's situated in Weber County, Utah, zip code 84401. This is an ideal location for businesses seeking high visibility and a strong presence in downtown Ogden.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,585,000
      Market price range: $650k - $1.94M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,185,000
      Current use
      OFFICE BUILDING
      $1,780,000
      Change: +51% Conversion: Easy
      RESTAURANT
      $1,355,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,305,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.971
    Latitude
    41.2325
    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
    $35,149
    $803,675
    $1,979,325
    $2,783,000
    -
    $803,675
    $1,979,325
    $2,783,000

    Comparable in this City

    • Value Estimation
      $600,000
      8,830 SF

      Ogden, UT 84401

      RETAIL STORES (PERSONAL SERVICES) • 8,830 SF
      Ogden, UT 84401
      View Details
    • Value Estimation by Request
      5,250 SF

      2254 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,250 SF
      2254 Washington Blvd, Ogden, UT 84401-1410
      View Details
    • Value Estimation by Request
      7,598 SF

      2466 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,598 SF
      2466 Washington Blvd, Ogden, UT 84401-2312
      View Details
    • Value Estimation by Request
      5,117 SF

      2501 Grant Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,117 SF
      2501 Grant Ave, Ogden, UT 84401-3101
      View Details
    • Value Estimation by Request
      3,200 SF

      3125 Grant Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      3125 Grant Ave, Ogden, UT 84401-3925
      View Details
    • Value Estimation by Request
      2,880 SF

      3525 Grant Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      3525 Grant Ave, Ogden, UT 84401-4131
      View Details

    Similar Nearby for Sale

    • $950,000
      14,751 SF

      Ogden Retail Location For Sale

      Retail property in prime location with new development and growth.
      2222-2232 Washington Blvd, Ogden, UT 84401
      View Details
    • $350,000
      942 SF

      Freestanding Retail/Office Building For Sale

      Retail/office building near Wonderblock development in an Opportunity Zone.
      2639 Lincoln Ave, Ogden, UT 84401
      View Details
    • $450,000

      Vacant Retail Space For Sale

      2,200 SF main floor retail space in mixed-use development.
      582 25Th St, Ogden, UT 84401
      View Details
    • Contact for pricing
      1.00 Acre

      West Haven Commercial Land Opportunity

      Prime Utah location, diverse development potential.
      4000 3500, West Haven, UT 84401
      View Details
    • Contact for pricing
      16,666 SF

      Retail Location in Downtown Ogden

      High-profile retail property with dedicated parking and two tenants.
      1931 Washington Blvd, Ogden, UT 84401
      View Details
    • $1,300,000
      0.40 Acres

      Established Commercial Building in West Haven

      Profitable commercial building with high visibility and consistent rental income.
      3775 S 2700 W, Ogden, UT 84401
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      8,400 SF

      Retail Space on Harrison Blvd

      Retail space with high traffic and pylon signage available.
      2020-2072 Harrison Blvd, Ogden, UT 84401
      View Details
    • $22 SF/Yr
      1,522 SF

      Ogden Retail Space For Rent

      Retail space in Ogden's downtown entertainment district.
      2309 Washington Blvd, Ogden, UT 84401
      View Details
    • Contact for pricing
      75,000 SF

      Ogden Retail Space For Rent

      Retail, storage, and office spaces available near Hill Air Force Base.
      4000 S Midland Dr, Ogden, UT 84401
      View Details
    • $22 SF/Yr
      1,522 SF

      Downtown Retail Space For Rent

      Retail space in excellent downtown location with covered parking.
      2300-2369 Washington Blvd, Ogden, UT 84401
      View Details
    • $1.00 SF/Yr
      4,520 SF

      Downtown Retail Space for Rent

      Spacious retail property with large windows and convenient downtown location.
      2208 Washington Blvd, Ogden, UT 84401
      View Details
    • $22 SF/Yr
      1,456 SF

      Ogden Retail Space For Rent

      Retail space in Ogden's downtown entertainment district.
      2300 South Washington Blvd, Ogden, UT 84401
      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.
    1931 Washington Blvd
    Ogden, UT 84401
    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.