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Property profile & analytics
OFF-MARKET Estimated value $3,060,000
Retail properties & Spaces

3651 Wall Ave Ogden, UT 84405-7110

127,592 SF 7.9 ac lot Built 1994
Entity Owned Absentee Owner Free & Clear
Property ID
US86-0368774
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 127,592 SF
Lot 7.9 ac (344,124 SF)
APN 05-139-0104
UPID US86-0368774
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.06M
Owner & transaction history
DILLARD USA INC
DILLARD USA INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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