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    Property profile & analytics

    Ogden, UT 84403

    • Medical Office Space
    • 2,515 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1400303
    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

    • Medical Office Space

    Property Details

    Year built
    1959
    Lot size
    0.30 lot acres
    Property size
    2,515 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    05-043-0034
    APU
    50430034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Weber
    State
    Utah
    Longitude
    -111.949
    Latitude
    41.1999
    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
    $5,141
    $143,000
    $234,000
    $377,000
    -
    $143,000
    $234,000
    $377,000

    Comparable in this City

    • Value Estimation
      $7,880,000
      39,942 SF

      4650 Harrison Blvd

      MEDICAL BUILDING • 39,942 SF
      4650 Harrison Blvd, Ogden, UT 84403-4303
      View Details
    • Value Estimation
      $15,365,000
      73,942 SF

      3890 Medical Dr

      MEDICAL BUILDING • 73,942 SF
      3890 Medical Dr, Ogden, UT 84403-2319
      View Details
    • Value Estimation by Request
      1,465 SF

      3590 Harrison Blvd Ste, Unit 3

      MEDICAL BUILDING • 1,465 SF
      3590 Harrison Blvd Ste, Ogden, UT 84403-2023
      View Details
    • Value Estimation by Request
      1,336 SF

      3590 Harrison Blvd Ste, Unit 7

      MEDICAL BUILDING • 1,336 SF
      3590 Harrison Blvd Ste, Ogden, UT 84403-2012
      View Details
    • Value Estimation by Request
      6,936 SF

      2783 Madison Ave

      MEDICAL BUILDING • 6,936 SF
      2783 Madison Ave, Ogden, UT 84403-0111
      View Details
    • Value Estimation
      $4,270,000
      20,540 SF

      875 40th St

      MEDICAL BUILDING • 20,540 SF
      875 40th St, Ogden, UT 84403
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,540 SF

      Medical Office Space Available

      High-quality medical office space in a premium location.
      875 40Th St, Ogden, UT 84403
      View Details
    • $900,000
      0.25 Acres

      Ogden Commercial Property with Apartment

      Updated commercial property with offices and a basement apartment.
      3585 S Washington Blvd, Ogden, UT 84403
      View Details
    • $319,000
      0.41 Acres

      Ogden View Lot Opportunity

      Residential land with mountain, valley, and lake views in Ogden.
      4288 S Fern Dr, Ogden, UT 84403
      View Details
    • New
      $830,000
      4,947 SF

      Ogden Income Property: Four Units

      Income-producing property with four units, renovated and with development potential.
      2946 Ogden Ave, Ogden, UT 84403
      View Details
    • Contact for pricing
      840 SF

      Freestanding Drive-Thru Building For Sale

      840 SF freestanding drive-thru building in South Ogden, Utah.
      1498 E 5600 S, Ogden, UT 84403
      View Details
    • $1,450,000
      6,048 SF

      Updated Multifamily Property with Garages

      Updated multifamily property featuring garages, updated systems, and additional living spaces.
      660 28Th St, Ogden, UT 84403
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      6,249 SF

      Ogden, UT Office Space Available

      Flexible Workspace Solutions in Ogden
      3293 Harrison 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
    • Contact for pricing
      4,027 SF

      South Ogden Office Space Available

      Office space for rent with high visibility and ample parking.
      955 Chambers St, South Ogden, UT 84403
      View Details
    • $22 SF/Yr
      26,191 SF

      Ogden Executive Office Suites

      Modern Ogden office space, flexible layouts.
      1104 Country Hills Dr, Ogden, UT 84403
      View Details
    • $22 SF/Yr
      7,500 SF

      Washington Blvd Office Space Available

      Desirable office location with private offices and conference rooms.
      5025 Adams Ave, Ogden, UT 84403
      View Details
    • Contact for pricing
      67,518 SF

      Remodeled Class A Office Space

      Prime office space with mountain views in Weber County.
      4605 S Harrison Blvd E, Ogden, UT 84403
      View Details
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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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