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    3746 Higley Rd Farr West, UT 84404-9606
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    Property profile & analytics

    3746 Higley Rd, Farr West, UT 84404-9606

    View on Map
    • Warehouses
    • 5,820 SF
    • 1.89 lot acres
    Off-Market
    Last Sale Feb 20, 2024
    Property ID
    US86-0122149
    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
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3746 Higley Rd

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    1.89 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    19-155-0003
    APU
    191550003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 18, 2025 — David Marsh — Deed · related $368k · D L Evans Bank
    Feb 20, 2024 — David Marsh Marsh Construction Lc Special Warranty Deed —
    Oct 7, 2022 — Marsh Construction Lc — Deed · related $250k · D L Evans Bank
    Feb 28, 2020 — Marsh Construction Lc — Deed · related $840k · Altabank
    Aug 6, 2019 — Marsh Construction Lc Ortberg,james A Warranty Deed $625k · Bank Of American Fork
    Oct 6, 2017 — James A Ortberg Northern Asphalt Paving LLC Warranty Deed —
    Aug 3, 2004 — Northern Asphalt Utah Smith Lc Warranty Deed · related —
    — — Marsh Construction Lc — Deed Of Trust · related $840k · Altabank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $700,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $654,000
      Market price range: $246k - $672k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $425,000
      Current use
      OFFICE BUILDING
      $960,000
      Change: +127% Conversion: Difficult
      MEDICAL BUILDING
      $770,000
      Change: +82% Conversion: Difficult
      RESTAURANT
      $745,000
      Change: +76% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $540,000
      Change: +27% Conversion: Easy
      RETAIL STORES
      $495,000
      Change: +17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Farr West
    County
    Weber
    State
    Utah
    Longitude
    -112.034
    Latitude
    41.3269
    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
    $11,469
    $314,213
    $805,785
    $1,119,998
    -
    $314,213
    $805,785
    $1,119,998

    Comparable in this City

    • Value Estimation
      $1,180,000
      10,000 SF

      441 12th St

      MINI-WAREHOUSE, STORAGE
      441 12th St, Ogden, UT 84404-5506
      View Details
    • Value Estimation
      $3,750,000
      35,000 SF

      2250 1500th W

      MINI-WAREHOUSE, STORAGE
      2250 1500th W, Ogden, UT 84404-2647
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    • Value Estimation
      $755,000
      6,400 SF

      205 17th St

      MINI-WAREHOUSE, STORAGE
      205 17th St, Ogden, UT 84404-5511
      View Details
    • Value Estimation by Request
      3,850 SF

      Ogden, UT 84404

      MINI-WAREHOUSE, STORAGE
      Ogden, UT 84404
      View Details
    • Value Estimation by Request
      3,600 SF

      Ogden, UT 84404

      MINI-WAREHOUSE, STORAGE
      Ogden, UT 84404
      View Details
    • Value Estimation
      $630,000
      5,400 SF

      3344 2000th W

      MINI-WAREHOUSE, STORAGE
      3344 2000th W, Farr West, UT 84404-9125
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      34,709 SF

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      34,709 SF warehouse space in Farr West, Utah.
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    • $595,000
      3,350 SF

      Ogden Flex Industrial Condo

      Flex industrial condo with office, warehouse, and mezzanine space.
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      Pending

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      Office condos available in Ogden, delivery late 2023/early 2024.
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      Ogden Land for Hospitality Use

      Approximately 3.0 acres available for hotel or hospitality development.
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      Ogden Industrial Land Near I-15

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    Similar Nearby for Lease

    • Contact for pricing
      394,800 SF

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      Large warehouse space available for lease in Farr West.
      1605 W 2350 N, Farr West, UT 84404
      View Details
    • Contact for pricing

      Warehouse Space Available For Rent

      Warehouse space available, two buildings with 4,600 total square feet.
      2950 N 2000 W, Farr West, UT 84404
      View Details
    • Contact for pricing
      50,000 SF

      Ogden Warehouse Ready for Improvements

      50000 sqft warehouse space available for rent in Ogden.
      9510 W 900 S, Ogden, UT 84404
      View Details
    • Contact for pricing
      4,000 SF

      Ogden Warehouse with Fenced Yard

      4,000 SF warehouse with secure fenced storage yard.
      420 W 2Nd St, Ogden, UT 84404
      View Details
    • Contact for pricing
      8,000 SF

      New Warehouse with Office Space

      Duplex-style warehouse with office, mezzanine, and easy freeway access.
      227 W 14Th St, Ogden, UT 84404
      View Details
    • Contact for pricing
      7,300 SF

      Ogden Warehouse Space Available

      7,300 sqft warehouse space for rent in Ogden, Utah.
      1135 West 12Th St, Ogden, UT 84404
      View Details
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    Farr West, UT 84404-9606
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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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    3746 Higley Rd, Farr West, UT, 84404
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