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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Drive through restaurants
2922 1900th W Ogden, UT 84401-3228
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0249050
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1996
Construction
WOOD FRAME
Total area
4,100 SF
Lot
2.07 ac (90,169 SF)
Zoning code
08I
APN
15-190-0003
UPID
US86-0249050
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rivas Mexican Grill #18 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$551k
Blend (final)
Blend
$510k
Owner & transaction history
Nagar LLC · 3 yrs held
Nagar LLC
since 2023
7 recorded transactions
Zoning & alternative use
08I · Ogden, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ogden, UT | Official Website
Top alternative use upside
Commercial (general)
$830,000
+104.9%
Office building
$535,000
+31.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ogden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ogden submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$405,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +105% · Conversion: Easy
OFFICE BUILDING
$535,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$390,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$355,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$16,368
Tax year 2024
Assessed value
$1,295,999
Assessed 2024
Previous assessed
$1,223,000
+6.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$621,000
Assessed improvement
$674,999
Land market value
$621,000
Improvement market value
$674,999
Total market value
$1,295,999
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
4,100 SF
Lot
2.07 ac (90,169 SF)
Zoning code
08I
APN
15-190-0003
UPID
US86-0249050
Jurisdiction
WEBER
Zoning & alternative use
08I · Ogden, UTZoning 08I · permitted uses
08I · Ogden, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ogden, UT | Official Website
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$830,000
OFFICE BUILDING
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$390,000
RETAIL STORES
Est. value
$355,000
RESTAURANT Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.07 ac
Current owner
From public records · entity-resolved
Nagar LLC
Entity
Mailing address
2922 S 1900TH W, OGDEN, UT 84401-3228
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
—
Nagar LLC
Safi Rehman
Warranty Deed
—
Feb 14, 2003
—
Safi Rehman
Rehman,razi
Quit Claim Deed
related
$201,882 · Zions First National Bank
Dec 12, 1995
—
Safi Rehman
—
Grant Deed
related
$329,000 · Zions First National Bank
—
—
Safi Rehman
—
Deed Of Trust
related
$171,000 · Northern Utah Capital INC
—
—
Safi U Rehman
—
Deed Of Trust
related
$45,000 · Zions First National Bank
—
—
Safi Rehman
—
Deed Of Trust
related
$100,000 · Zions First National Bank
—
—
Safi Rehman
—
Deed Of Trust
related
$400,000 · Zions First National Bank
—
—
Safi Rehman
—
Deed Of Trust
related
$102,000 · Zions First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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