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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Turn key restaurants
315 24th St Ogden, UT 84401-1401
Entity Owned
1-yr Hold
Free & Clear
Property ID
US86-1363880
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,442 SF
Lot
0.19 ac (8,276 SF)
Zoning code
03A
APN
01-021-0082
UPID
US86-1363880
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
-
Union Grill Restaurant
-
Chef Zdaddy'Z variety bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$555k
Owner & transaction history
Lotus Berthana LLC · 1 yrs held
Lotus Berthana LLC
since 2024
7 recorded transactions
Zoning & alternative use
03A · Ogden, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$840,000
+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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$640,000
Current use
OFFICE BUILDING
$840,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$615,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$560,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$86 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,583
Tax year 2023
Assessed value
$923,000
Assessed 2023
Previous assessed
$905,000
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$126,465
Assessed improvement
$796,535
Land market value
$126,465
Improvement market value
$796,535
Total market value
$923,000
Applied tax rate
496.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
6,442 SF
Lot
0.19 ac (8,276 SF)
Zoning code
03A
APN
01-021-0082
UPID
US86-1363880
Jurisdiction
WEBER
Zoning & alternative use
03A · Ogden, UT
Zoning 03A · permitted uses
03A · Ogden, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ogden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$640,000
OFFICE BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES
Est. value
$560,000
RESTAURANT Current
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
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Lotus Berthana LLC
Entity
Free & Clear · 1 yrs held
Mailing address
338 ES TEMPLE B STE B, SALT LAKE CITY, UT 84111-1379
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
—
Lotus Berthana LLC
Lotus Grant LLC
Quit Claim Deed
related
—
Mar 20, 2019
—
Lotus Berthana LLC
Doa Group LLC
Warranty Deed
—
May 6, 2015
—
Dogma Group LLC
Berthana Building LLC
Warranty Deed
$665,000 · Golden West FCU
Nov 9, 2007
—
Berthana Building LLC
Mcconnell,shane
Warranty Deed
—
Oct 29, 2007
—
Berthana Building LLC
Mcconnell,shane
Warranty Deed
related
—
Oct 15, 2007
—
George Gelsebach
Five T Corp
Grant Deed
—
Jun 25, 2007
—
Steven Vanwagoner
Berthana Properties Lc
Warranty Deed
—
May 18, 2007
—
Alan T Christiansen LLC
Christiansen,alan T & Nancy
Quit Claim Deed
—
May 8, 2007
—
Berthana Properties Lc
Berthana Property Lc
Quit Claim Deed
—
May 24, 2004
—
Berthana Property Lc
Geisler,dick G & Rita
Quit Claim Deed
related
—
—
—
Berthana Building LLC
—
Deed Of Trust
related
$160,000 · Scott D Powley
—
—
Berthana Building LLC
—
Deed Of Trust
related
$300,000 · George Gelsebach
—
—
Berthana Building LLC
—
Deed Of Trust
related
$933,040 · Miller Funding Group LLC
—
—
Berthana Building LLC
—
Deed Of Trust
related
$650,000 · Lawrencek 100 LLC
—
—
Lotus Berthana LLC
—
Deed Of Trust
related
$1,825,000 · Miscellaneous Ins Co
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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