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    3651 Wall Ave Ogden, UT 84405-7110
    Property profile & analytics

    3651 Wall Ave Ogden, UT 84405-7110

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    • Retail properties & Spaces
    • 127,592 SF
    • 7.90 lot acres
    Off-Market
    Property ID
    US86-0368774
    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.
    Value Estimations
    $3,060,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Kay Jewelers / (Bike/Boat/Book/etc) Store
    • Asian Gifts / (Bike/Boat/Book/etc) Store
    • Mr. Mac Ogden / Clothing & Fashion Store
    • Aztec Highway / Clothing & Fashion Store

    Property Details for 3651 Wall Ave

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.90 lot acres
    Property size
    127,592 SF
    Property type
    Retail properties & Spaces
    APN
    05-139-0104
    APU
    51390104

    Description

    Newgate Mall, located at 3651 Wall Ave in Ogden, Utah (zip code 84405), presents a significant retail investment opportunity in Weber County. This established shopping center boasts a total building area of 909,761 square feet and currently features 16 suites. A substantial 493,218 square feet of space is currently vacant, offering considerable potential for new tenants. The minimum divisible space is 863 square feet, while the maximum contiguous space available is 3,456 square feet. This flexibility caters to a wide range of retail businesses, from smaller boutiques to larger anchor stores. The property's prime location off Wall Avenue and 36th Street in Ogden ensures high visibility and accessibility for customers. The existing tenant mix includes a variety of retail establishments, restaurants, and a Cinemark movie theater, creating a vibrant and well-established shopping destination. This presents a unique chance to acquire a substantial retail property in a thriving Utah market with significant upside potential through lease-up of the vacant space. The property's size and location make it an ideal investment for those seeking to expand their retail portfolio or capitalize on the growing Ogden market. The existing infrastructure and established customer base provide a solid foundation for future growth and profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.981
    Latitude
    41.1956
    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
    $72,521
    $3,041,500
    $2,700,500
    $5,742,000
    -
    $3,041,500
    $2,700,500
    $5,742,000

    Comparable in this City

    • Value Estimation by Request
      6,300 SF

      1239 Canyon Rd

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      1239 Canyon Rd, South Weber, UT 84405
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    • Value Estimation
      $3,135,000
      150,892 SF

      3835 Wall Ave

      DEPARTMENT STORE • 150,892 SF
      3835 Wall Ave, Ogden, UT 84405
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    • Value Estimation
      $1,905,000
      71,779 SF

      3625 Wall Ave

      DEPARTMENT STORE • 71,779 SF
      3625 Wall Ave, Ogden, UT 84405
      View Details
    • Value Estimation
      $1,740,000
      63,318 SF

      3651 Wall Ave

      DEPARTMENT STORE • 63,318 SF
      3651 Wall Ave, Ogden, UT 84405-7110
      View Details
    • Value Estimation by Request
      91,476 SF

      2439 South Weber Dr

      Restaurants • 91,476 SF
      2439 South Weber Dr, South Weber, UT 84405
      View Details
    • Value Estimation by Request
      27,624 SF

      300 Riverdale Rd

      Neighborhood centers • 27,624 SF
      300 Riverdale Rd, Riverdale, UT 84405
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      93,592 SF

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      Retail property with stable tenants in a prime location.
      4185 Riverdale Rd, Riverdale, UT 84405
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    • $238,000
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      Riverdale Land with Fruit Trees

      Nearly 2 acres in Riverdale with spectacular views.
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    • $270,000
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      South Weber Land Opportunity

      1.9 acres in South Weber, suitable for building or investment.
      South Weber, UT 84405
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    • $1,165,500
      5.18 Acres

      South Weber Land with Development Potential

      5 acres in South Weber with future development possibilities.
      South Weber, UT 84405
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    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Space Near I-15

      Retail spaces available in Riverdale, Utah, near major retailers.
      744-750 W Riverdale Rd, Riverdale, UT 84405
      View Details
    • Contact for pricing
      3,950 SF

      Retail Space on Riverdale Road

      Large retail space with storage in high-traffic area.
      4031-4039 Riverdale Rd, Ogden, UT 84405
      View Details
    • Contact for pricing
      93,920 SF

      Prominent Retail Space on Riverdale

      Retail space in a prominent power center on Riverdale Road.
      4045-4113 Riverdale Rd, Ogden, UT 84405
      View Details
    • Contact for pricing
      27,195 SF

      Riverdale Road Retail Space Available

      Prominent power center with excellent co-tenants near I-15.
      4043 Riverdale Rd, Riverdale, UT 84405
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Riverdale, Utah.
      300 West Riverdale Rd, Riverdale, UT 84405
      View Details
    • Contact for pricing
      1,485 SF

      Retail Space in Power Center

      Retail spaces available in regional power center with excellent visibility.
      1155 W Riverdale Rd, Ogden, UT 84405
      View Details
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    Ogden, UT 84405-7110
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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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