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    Property profile & analytics

    2783 Madison Ave Ogden, UT 84403-0111

    • Medical offices
    • 6,936 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0170004
    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

    • NHC AESTHETIC STUDIO & ACADEMY / Facial Spa / Laser Hair Removal Service

    Property Details for 2783 Madison Ave

    Year built
    1951
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.58 lot acres
    Property size
    6,936 SF
    Zone code
    03A
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    01-001-0001
    APU
    10010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $372,000
      Market price range: $373k - $1.44M

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.963
    Latitude
    41.2146
    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
    $5,077
    $278,630
    $123,370
    $402,000
    -
    $278,630
    $123,370
    $402,000

    Comparable in this City

    • Value Estimation
      $1,020,000
      26,977 SF

      4700 Harrison Blvd

      MEDICAL BUILDING • 26,977 SF
      4700 Harrison Blvd, Ogden, UT 84403-4303
      View Details
    • Value Estimation
      $285,000
      1,314 SF

      5685 1475th E

      MEDICAL BUILDING • 1,314 SF
      5685 1475th E, South Ogden, UT 84403-4716
      View Details
    • Value Estimation
      $285,000
      2,400 SF

      725 40th St

      MEDICAL BUILDING • 2,400 SF
      725 40th St, South Ogden, UT 84403-2235
      View Details
    • Value Estimation
      $285,000
      1,200 SF

      5640 Wasatch Dr E E Ste

      MEDICAL BUILDING • 1,200 SF
      5640 Wasatch Dr E E Ste, South Ogden, UT 84403-4993
      View Details
    • Value Estimation
      $275,000
      1,329 SF

      3590 Harrison Blvd Ste, Unit 8

      MEDICAL BUILDING • 1,329 SF
      3590 Harrison Blvd Ste, Ogden, UT 84403-2012
      View Details
    • Value Estimation
      $280,000
      1,311 SF

      5685 1475th E

      MEDICAL BUILDING • 1,311 SF
      5685 1475th E, South Ogden, UT 84403-4716
      View Details

    Similar Nearby for Sale

    • $4,900,000
      20,540 SF

      Medical Office Space Available

      High-quality medical office space in a premium location.
      875 40Th St, Ogden, UT 84403
      View Details
    • $900,000
      0.25 Acres

      Ogden Commercial Property with Apartment

      Updated commercial space with high visibility and a full apartment.
      3585 S Washington Blvd, Ogden, UT 84403
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    • $350,000
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      Ogden View Lot Opportunity

      East bench view lot in established luxury home neighborhood.
      4288 S Fern Dr, Ogden, UT 84403
      View Details
    • $499,900
      2,944 SF

      South Ogden Multi-Family with Garages

      Duplex with garage space, RV parking, and mountain views.
      4145 Madison Ave, South Ogden, UT 84403
      View Details
    • $775,000
      840 SF

      Ogden QSR/Fast Food Opportunity

      Vacant Drive-Thru, High Traffic Area
      1498 5600, Ogden, UT 84403
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    • $340,000
      1,386 SF

      Ogden Townhome Near Weber State

      5-bedroom, 2-bath townhome in a desirable Ogden neighborhood.
      3864 S Quincy Ave E, Ogden, UT 84403
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    Similar Nearby for Lease

    • $6 SF/Yr
      6,249 SF

      Ogden, UT Office Space Available

      Flexible Workspace Solutions in Ogden
      3293 Harrison Blvd, Ogden, UT 84403
      View Details
    • $10 SF/Yr
      22,486 SF

      Prime South Ogden Retail Space

      15,901 SF Medical/Office Available
      3990 Washington Blvd, South Ogden, UT 84403
      View Details
    • $23 SF/Yr
      4,027 SF

      South Ogden Office Space Available

      Office space for rent with high visibility and ample parking.
      955 Chambers St, South Ogden, UT 84403
      View Details
    • $22 SF/Yr
      26,191 SF

      Ogden Executive Office Suites

      Modern Ogden office space, flexible layouts.
      1104 Country Hills Dr, Ogden, UT 84403
      View Details
    • $22 SF/Yr
      7,500 SF

      Washington Blvd Office Space Available

      Desirable office location with private offices and conference rooms.
      5025 Adams Ave, Ogden, UT 84403
      View Details
    • $12 SF/Yr
      1,300 SF

      Ogden Office Space Available

      Office space available for lease in Ogden, Utah.
      1140 36Th St, Ogden, UT 84403
      View Details
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    2783 Madison Ave
    Ogden, UT 84403-0111
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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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