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    Property profile & analytics

    4240 Harrison Blvd Ogden, UT 84403-3102

    • Retail space
    • 12,930 SF
    • 1.62 lot acres
    OFF-MARKET
    Value Estimations
    $1,580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0878984
    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.

    Current Use by Public Records

    • CVS / Pharmacy
    • CDReload - Online Bitcoin ATM / Atm / Currency Exchange Service
    • MinuteClinic at CVS / Medical Clinic
    • MoneyGram / Bank / Credit Union
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 4240 Harrison Blvd

    Year built
    2015
    Construction
    WOOD FRAME
    Lot size
    1.62 lot acres
    Property size
    12,930 SF
    Property type
    Retail space
    APN
    06-327-0001
    APU
    63270001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,665,000
      Market price range: $530k - $1.67M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,030,000
      Current use
      COMMERCIAL (GENERAL)
      $2,305,000
      Change: +124% Conversion: Easy
      OFFICE BUILDING
      $1,865,000
      Change: +81% Conversion: Easy
      MEDICAL BUILDING
      $1,815,000
      Change: +76% Conversion: Difficult
      RESTAURANT
      $1,705,000
      Change: +65% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,250,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.948
    Latitude
    41.1858
    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
    $40,034
    $1,453,856
    $1,653,144
    $3,107,000
    -
    $1,453,856
    $1,653,144
    $3,107,000

    Comparable in this City

    • Value Estimation
      $1,080,000
      29,624 SF

      3143 Harrison Blvd

      RETAIL STORES (PERSONAL SERVICES) • 29,624 SF
      3143 Harrison Blvd, Ogden, UT 84403-0826
      View Details
    • Value Estimation by Request
      3,200 SF

      1490 5600th S

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      1490 5600th S, South Ogden, UT 84403-4525
      View Details
    • Value Estimation by Request
      4,950 SF

      3559 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,950 SF
      3559 Washington Blvd, Ogden, UT 84403-1033
      View Details
    • Value Estimation by Request
      8,400 SF

      3545 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      3545 Washington Blvd, Ogden, UT 84403-1033
      View Details
    • Value Estimation by Request
      1,848 SF

      740 27th St

      RETAIL STORES (PERSONAL SERVICES) • 1,848 SF
      740 27th St, Ogden, UT 84403-0202
      View Details
    • Value Estimation by Request
      1,346 SF

      888 27th St

      RETAIL STORES (PERSONAL SERVICES) • 1,346 SF
      888 27th St, Ogden, UT 84403-0204
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      2,472 SF

      Retail Space Near Weber State

      Retail space with high traffic and excellent exposure.
      4335-4351 Harrison Blvd, Ogden, UT 84403
      View Details
    • Contact for pricing
      2,807 SF

      Retail Space with Private Offices

      Retail space featuring private offices, reception, and ample parking.
      1481 E 5600 S, Ogden, UT 84403
      View Details
    • Contact for pricing
      2,472 SF

      Retail Space Near Weber State

      Retail space with high traffic and excellent exposure.
      4275-4299 Harrison Blvd, Ogden, UT 84403
      View Details
    • Contact for pricing
      3,306 SF

      Retail Space Near Weber State

      Retail space for lease near Weber State University.
      3585 Harrison Blvd, Ogden, UT 84403
      View Details
    • $15 SF/Yr
      12,480 SF

      Retail Pad Site For Lease

      Planned retail pad site in established trade area.
      3850 Washington Blvd, Ogden, UT 84403
      View Details
    • $10 SF/Yr
      22,486 SF

      Prime South Ogden Retail Space

      15,901 SF Medical/Office Available
      3990 Washington Blvd, South Ogden, UT 84403
      View Details
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    Ogden, UT 84403-3102
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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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