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    972 Wall Ave Ogden, UT 84404-4833
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    Property profile & analytics

    972 Wall Ave, Ogden, UT 84404-4833

    View on Map
    • Retail space
    • 10,000 SF
    • 1.12 lot acres
    Off-Market
    Last Sale Mar 27, 2024
    Property ID
    US86-0246186
    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
    $1,180,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Big 5 Sporting Goods / (Bike/Boat/Book/etc) Store

    Property Details for 972 Wall Ave

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.12 lot acres
    Property type
    Retail space
    APN
    12-187-0002
    APU
    121870002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 27, 2024 — Hong Brothers Investments Tx LLC Gary Hong Warranty Deed —
    Oct 16, 2002 — Gary Hong Team Retail Ogdenltd Grant Deed $400k · Zions First National Bank
    Jan 31, 2002 — Team Retail Ogden Ltd Home Depot USA INC Grant Deed $995k · Bank Of Oklahoma

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,107,000
      Market price range: $421k - $1.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $850,000
      Current use
      OFFICE BUILDING
      $1,655,000
      Change: +94% Conversion: Easy
      MEDICAL BUILDING
      $1,325,000
      Change: +55% Conversion: Difficult
      RESTAURANT
      $1,285,000
      Change: +51% Conversion: Easy
      AUTO REPAIR, GARAGE
      $925,000
      Change: +9% Conversion: Difficult
      WAREHOUSE, STORAGE
      $730,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.978
    Latitude
    41.2473
    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
    $23,054
    $731,805
    $1,093,515
    $1,825,320
    -
    $731,805
    $1,093,515
    $1,825,320

    Comparable in this City

    • Value Estimation
      $915,000
      16,144 SF

      1812 2000th W

      RETAIL STORES (PERSONAL SERVICES)
      1812 2000th W, Farr West, UT 84404-8058
      View Details
    • Value Estimation
      $910,000
      16,250 SF

      1150 Hwy 89th K Ste K

      RETAIL STORES (PERSONAL SERVICES)
      1150 Hwy 89th K Ste K, Harrisville, UT 84404-6117
      View Details
    • Value Estimation by Request
      8,000 SF

      817 Wall Ave

      Lifestyle centers
      817 Wall Ave, Ogden, UT 84404
      View Details
    • Value Estimation by Request
      3,000 SF

      253 12th St

      RETAIL STORES (PERSONAL SERVICES)
      253 12th St, Ogden, UT 84404-5603
      View Details
    • Value Estimation
      $1,145,000
      9,982 SF

      1145 2700th N

      RETAIL STORES (PERSONAL SERVICES)
      1145 2700th N, Pleasant View, UT 84404-1253
      View Details
    • Value Estimation
      $790,000
      6,872 SF

      Ogden, UT 84404

      RETAIL STORES (PERSONAL SERVICES)
      Ogden, UT 84404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,400 SF

      Retail Space Near Prominence Point

      Retail space surrounded by a large residential community.
      1853 N Washington Blvd, North Ogden, UT 84404
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    • Contact for pricing
      9,142 SF

      Mixed-Use Retail and Storage Property

      Two-building retail and storage setup with yard leased on a rolling ground term, positioned along 12th Street in Ogden.
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      2,624 SF

      Restaurant Space with Drive-Thru

      2,624 SF restaurant space with drive-thru on Washington Blvd.
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    • Contact for pricing
      4,438 SF

      Two-Story Building with Drive-Thru Lanes

      Two-story, 4,438 SF building with three drive-thru lanes.
      321 2Nd St, Ogden, UT 84404
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    • Contact for pricing
      2,080 SF

      Established Car Wash Business Opportunity

      Operating car wash business with real estate on busy corridor.
      715 Washington Blvd, Ogden, UT 84404
      View Details
    • $1,650,000
      2.77 Acres

      797 Washington Blvd, Harrisville, UT 84404

      Retail properties & Spaces
      797 Washington Blvd, Harrisville, UT 84404
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,040 SF

      Farr West Retail/Office Space

      Retail/office space in a busy area with freeway visibility.
      1980 N 2000 W, Ogden, UT 84404
      View Details
    • Contact for pricing
      1,738 SF

      Retail Space Near Walmart

      Retail spaces available within a Walmart-anchored shopping center.
      416-444 N Washington Blvd, Harrisville, UT 84404
      View Details
    • Contact for pricing
      7,881 SF

      Retail Space in Ogden Center

      Retail spaces available in Walmart-anchored shopping center on Washington Blvd.
      585 N Washington Blvd, Ogden, UT 84404
      View Details
    • Contact for pricing
      31,604 SF

      Ogden Retail Anchor Space Available

      Anchor space in community center with high visibility and traffic.
      145 N Harrisville Rd, Ogden, UT 84404
      View Details
    • Contact for pricing
      3,200 SF

      Ogden Retail/Restaurant Space Available

      Renovated retail or restaurant space available in April 2025.
      599 Washington Blvd, Ogden, UT 84404
      View Details
    • Contact for pricing
      2,205 SF

      Retail Space with Drive-Thru

      2,205 SF retail space with drive-thru available for lease.
      322 12Th St, Ogden, UT 84404
      View Details

    Property Visit Statistics

    • Visits by month
      8.0k
    • Visitors by month
      7.2k
    • Avg Time on site
      26 min
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    Ogden, UT 84404-4833
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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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