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    Property profile & analytics

    2393 Wall Ave Ogden, UT 84401-1336

    • Retail space
    • 8,069 SF
    • 5.28 lot acres
    OFF-MARKET
    Value Estimations
    $1,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0208291
    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

    • BikeLink : Ogden Front Runner Station / Parking Lot For Bicycles
    • Ogden Transit Center / Parking Lot & Garage
    • Frontrunner station / High School
    • 2393 Wall Ave Parking / Parking Lot & Garage
    • Ogden Inter Mobile Police Sta / Police Department

    Property Details for 2393 Wall Ave

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    5.28 lot acres
    Property size
    8,069 SF
    Property type
    Retail space
    APN
    03-005-0015
    APU
    30050015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,142,000
      Market price range: $384k - $1.14M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $700,000
      Current use
      COMMERCIAL (GENERAL)
      $1,635,000
      Change: +134% Conversion: Easy
      OFFICE BUILDING
      $1,050,000
      Change: +51% Conversion: Easy
      RESTAURANT
      $800,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $770,000
      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
    -111.979
    Latitude
    41.2241
    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
    $0.00
    $1,980,000
    $913,000
    $2,893,000
    -
    $1,980,000
    $913,000
    $2,893,000

    Comparable in this City

    • Value Estimation
      $1,740,000
      12,901 SF

      184 25th St

      RETAIL STORES (PERSONAL SERVICES) • 12,901 SF
      184 25th St, Ogden, UT 84401-1302
      View Details
    • Value Estimation
      $2,035,000
      45,092 SF

      2030 Lincoln Ave

      RETAIL STORES (PERSONAL SERVICES) • 45,092 SF
      2030 Lincoln Ave, Ogden, UT 84401-0430
      View Details
    • Value Estimation
      $4,920,000
      44,343 SF

      2508 Ogden Ave

      RETAIL STORES (PERSONAL SERVICES) • 44,343 SF
      2508 Ogden Ave, Ogden, UT 84401-2413
      View Details
    • Value Estimation by Request
      18,500 SF

      4000 3500

      Individual retail properties • 18,500 SF
      4000 3500, West Haven, UT 84401
      View Details
    • Value Estimation by Request
      12,000 SF

      2424 Wall Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,000 SF
      2424 Wall Ave, Ogden, UT 84401-1332
      View Details
    • Value Estimation by Request
      8,640 SF

      2671 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,640 SF
      2671 Washington Blvd, Ogden, UT 84401-3622
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vacant Retail Space For Sale

      2,200 SF main floor retail space in mixed-use development.
      582 25Th St, Ogden, UT 84401
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      942 SF

      Freestanding Retail/Office Building For Sale

      Retail/office building near Wonderblock development in an Opportunity Zone.
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    • $950,000
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      Ogden Retail Location For Sale

      Retail property in prime location with new development and growth.
      2222-2232 Washington Blvd, Ogden, UT 84401
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    • $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
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    • 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
    • Contact for pricing
      1.00 Acre

      West Haven Commercial Land Opportunity

      Prime Utah location, diverse development potential.
      4000 3500, West Haven, UT 84401
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    Similar Nearby for Lease

    • $1,145,000
      436 SF

      Ogden Retail Space For Lease

      Retail space in historic downtown Ogden's busiest area.
      2336 Washington Blvd, Ogden, UT 84401
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      1,200 SF

      Retail Space in Ogden Junction

      Retail space for rent in high-density Ogden area.
      2451 Jefferson Ave, Ogden, UT 84401
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Downtown Junction

      Restaurant and coffee shop spaces available with ample parking.
      2263-2293 Grant Ave, Ogden, UT 84401
      View Details
    • $22 SF/Yr
      1,820 SF

      Remodeled Office/Retail Building in Ogden

      Freestanding office/retail building with great curb appeal in Ogden.
      214 24Th St, Ogden, UT 84401
      View Details
    • Contact for pricing
      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
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    Ogden, UT 84401-1336
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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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