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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Medical Office Space
5475 500th E Washington Terrace, UT 84405-6905
Entity Owned
31-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0272598
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,308 SF
Lot
0.24 ac (10,454 SF)
Zoning code
03A
APN
07-053-0043
UPID
US86-0272598
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.17M
Owner & transaction history
Ogden Medical Center INC · 31 yrs held
Ogden Medical Center INC
since 1994
7 recorded transactions
Zoning & alternative use
03A · Washington Terrace, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.8M
+66.2%
Office building
$1.5M
+39.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Washington Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington Terrace submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,105,000
Current use
WAREHOUSE, STORAGE
$1,835,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$1,535,000
Change: +39% · Conversion: Easy
RESTAURANT
$935,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$126 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,503
Tax year 2024
Assessed value
$1,862,000
Assessed 2024
Previous assessed
$1,720,000
+8.3% YoY
Effective rate
1.05%
On assessed value
Assessed land
$48,000
Assessed improvement
$1,814,000
Land market value
$48,000
Improvement market value
$1,814,000
Total market value
$1,862,000
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
9,308 SF
Lot
0.24 ac (10,454 SF)
Zoning code
03A
APN
07-053-0043
UPID
US86-0272598
Jurisdiction
WEBER
Zoning & alternative use
03A · Washington Terrace, UTZoning 03A · permitted uses
03A · Washington Terrace, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$935,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Ogden Medical Center INC
Entity
Free & Clear · 31 yrs held
Mailing address
2733 E PARLEYS WAY STE #300, SALT LAKE CITY, UT 84109-1661
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2020
—
Columbia Ogden Medical Ctr INC
—
Deed
related
—
Jan 16, 2020
—
Columbia Ogden Medical Ctr INC
—
Deed
related
$1,148,122,771 · Bank Of America
Jun 21, 2018
—
Columbia Ogden Medical Ctr INC
—
Deed
related
$1,500,000,000 · Bank Of America
Oct 2, 2017
—
Columbia Ogden Medical Center
—
Deed
related
$1,500,000,000 · Bank Of America
May 25, 2017
—
Columbia Ogden Medical Center
—
Deed
related
$1,488,750,000 · Bank Of America
Dec 23, 2016
—
Northern Utah Imaging Center L
—
Deed
related
$1,150,000 · Miscellaneous Ins Co
Nov 28, 2016
—
Columbia Ogden Medical Center
—
Deed
related
$1,200,000,000 · Bank Of America
Jun 17, 2016
—
Columbia Ogden Medical Center
—
Deed
related
$1,500,000,000 · Bank Of America
Aug 15, 1994
—
Ogden Medical Center INC
St Benedict's Hospital
Grant Deed
related
—
—
—
Northern Utah Imaging Center L
—
Deed Of Trust
related
$1,450,000 · Sun Life Assurance Co
—
—
Northern Utah Imaging Center L
—
Deed Of Trust
related
$1,150,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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