475 40th St Ogden, UT 84403-1852
Property profile & analytics
475 40th St Ogden, UT 84403-1852
- Medical Office Space
- 9,429 SF
- 1.18 lot acres
Property ID
US86-0753210
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.
Location Intelligence
Current Use by Public Records
- Riley Rampton, DPM / Physician
- Westbroek Family Medicine - Ogden / Medical Clinic
- TRENTON D GRAY / Physician
- Fresenius Kidney Care South Ogden Home / Medical Clinic
- Foot & Ankle Specialists / Physician
Property Details for 475 40th St
- Year built
- 2015
- Construction
- STEEL FRAME
- Lot size
- 1.18 lot acres
- Property size
- 9,429 SF
- Zone code
- 03B
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 06-019-0006
- APU
- 60190006
Description
This exceptional investment opportunity presents a 9,814 square foot medical office building in South Ogden, Utah, currently leased to DaVita and Fresenius Kidney Care. The property boasts a strong net lease structure (NNN) with a corporate guarantee from Fresenius Medical Care Holdings, Inc., providing significant financial stability. Built in 2015, the building features a 6-year remaining lease term (expiring 12/31/2030) with annual rent bumps of 2%, ensuring consistent income growth. The asking price is $6,068,787, representing a 6.35% cap rate and a current NOI of $385,368. The lease includes three 5-year renewal options, further securing long-term investment value. Located at 475 40th St, South Ogden, UT 84403, the property benefits from high visibility at a major intersection with over 50,000 vehicles daily and proximity to Intermountain Health McKay-Dee Hospital and other major healthcare providers. The tenant's "essential business" model provides resilience against economic downturns. This is a rare opportunity to acquire a stable, high-performing medical office building with a strong tenant and excellent location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,130,000
- 6.5%
- $1,965,000
- 7%
- $1,825,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,833,000
Market price range: $507k - $1.95M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,325,000 Current use
- COMMERCIAL (GENERAL)
- $1,680,000 Change: +27% Conversion: Easy
- OFFICE BUILDING
- $1,360,000 Change: +3% Conversion: Easy
- RESTAURANT
- $1,240,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ogden
- County
- Weber
- State
- Utah
- Longitude
- -111.969
- Latitude
- 41.1899
- 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
$24,777
$305,830
$1,863,170
$2,169,000
-
$305,830
$1,863,170
$2,169,000
