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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Outlet malls
Ogden, UT 84405
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0821616
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,385 SF
Lot
1.59 ac (69,478 SF)
APN
07-734-0001
UPID
US86-0821616
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$935k
Owner & transaction history
Clint And Brenda Grassel LLC · 3 yrs held
Clint And Brenda Grassel LLC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+96.2%
Industrial (general)
$990,000
+34.1%
Auto repair, garage
$955,000
+29.6%
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 Ogden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ogden 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
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$735,000
Current use
RESTAURANT
$1,445,000
Change: +96% · Conversion: Easy
INDUSTRIAL (GENERAL)
$990,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$65 / 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
$33,741
Tax year 2024
Assessed value
$2,877,000
Assessed 2024
Previous assessed
$2,785,000
+3.3% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,146,536
Assessed improvement
$1,730,464
Land market value
$1,146,536
Improvement market value
$1,730,464
Total market value
$2,877,000
Applied tax rate
75.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
14,385 SF
Lot
1.59 ac (69,478 SF)
APN
07-734-0001
UPID
US86-0821616
Jurisdiction
WEBER
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$735,000
RESTAURANT
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$955,000
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Clint And Brenda Grassel LLC
Entity
Free & Clear · 3 yrs held
Mailing address
618 W RIVERSIDE AVE STE #300, SPOKANE, WA 99201-5102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
—
Clint And Brenda Grassel LLC
Kara Koeltl Underwood
Special Warranty Deed
—
Jan 20, 2023
—
Clint And Brenda Grassel LLC
Kara Koelti Underwood
Special Warranty Deed
$3,146,733 · Old Second National Bank
May 8, 2020
—
Maureen Flynn Koeltl
Ketchum Re Investments San Dimas Ll
Special Warranty Deed
$4,173,561 · Capstar Bank
Sep 24, 2018
—
Ketchum Re Investments San Dimas Ll
M H Sherman Company
Special Warranty Deed
$3,782,000 · Capstar Bank
Aug 9, 2012
—
Mh Sherman Co INC
South Ogden LLC
Grant Deed
—
May 10, 2011
—
South Ogden LLC
Chen S & S Family Trust
Warranty Deed
$3,940,000 · Zions First National Bank
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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