235 12th St Ogden, UT 84404-5603
Property Lookup
Property profile & analytics
235 12th St Ogden, UT 84404-5603
- Drive through restaurants
- 3,312 SF
- 0.92 lot acres
Property ID
US86-0880306
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.
Location Intelligence
Current Use by Public Records
- Freddy's Frozen Custard & Steakburgers / Restaurant / Take-out & Catering
Property Details for 235 12th St
- Year built
- 2015
- Construction
- WOOD FRAME
- Lot size
- 0.92 lot acres
- Property size
- 3,312 SF
- Property type
- Drive through restaurants
- APN
- 12-260-0002
- APU
- 122600002
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,435 square-foot Freddy's Frozen Custard & Steakburgers restaurant in Ogden, Utah. Located on 1.01 acres at 235 12th St, 84404, this single-tenant property boasts an absolute NNN lease with zero landlord responsibilities, providing a passive income stream. The lease, commencing May 5, 2015, and expiring May 31, 2030, has a remaining term of 5.5 years with two 10-year renewal options and 1.5% annual rent bumps. The property enjoys a 6.75% cap rate and a strong NOI of $185,561, with a current asking price of $2,749,000 ($800.29/sq ft). Situated in a high-traffic area with over 26,000 vehicles per day, this location benefits from its proximity to other national retailers, including Chick-fil-A, WinCo Foods, Natural Grocers, and Panda Express, within a dense retail corridor. The tenant, a subsidiary of JRI Hospitality, the largest Freddy's franchisee in the country, operates over 84 locations. This prime retail property offers a compelling investment opportunity with excellent real estate fundamentals and significant growth potential in a rapidly expanding market. The property features a one-story building with ample parking and high visibility due to its prominent location and large monument sign. This is a truly passive investment with a strong tenant and a long-term lease.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $515,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $549,000
Market price range: $282k - $549k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $425,000 Current use
- COMMERCIAL (GENERAL)
- $690,000 Change: +63% Conversion: Easy
- OFFICE BUILDING
- $550,000 Change: +29% Conversion: Moderate
- MEDICAL BUILDING
- $440,000 Change: +3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ogden
- County
- Weber
- State
- Utah
- Longitude
- -111.975
- Latitude
- 41.2438
- 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
$27,142
$604,185
$1,544,815
$2,149,000
-
$604,185
$1,544,815
$2,149,000
