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1580 Washington Blvd 6,550 SF 100% Leased Retail Building Ogden, UT 84404 $958,000 ($146.26/SF) 8.89% Cap Rate
Investment Highlights
- Flexible Floorplanning
- Heavy Traffic Corner Exposure
Executive Summary
6,550 sq ft building on .33 acres with 10 parking stalls. Zoned CP-2, which allows a residential ADU. Incredible owner/operator or investor opportunity. Substantial work already completed on the property includes removing all walls, old plumbing, old electrical, and non-functioning systems. Studs remain, which currently divide the space into 6 separate units. The building could be easily reconfigured and used as one space, seven separate rentable spaces, or any number between. The current configuration includes six spaces of the following approximate sizes: 1875sf, 1200sf, 975sf, 900sf, 650sf, and 625sf. The property includes the beneficial use of a recorded cross-use parking agreement with a neighboring property, where the neighboring owner provides landscape maintenance for this property. Sale includes two parcels: 02-053-0041 and 02-053-0009.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$108,075
|
$16.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,075
|
$16.50
|
| Taxes |
$8,873
|
$1.35
|
| Operating Expenses |
$14,050
|
$2.15
|
| Total Expenses |
$22,923
|
$3.50
|
| Net Operating Income |
$85,152
|
$13.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $108,075 |
| Annual Per SF | $16.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $108,075 |
| Annual Per SF | $16.50 |
| Taxes | |
|---|---|
| Annual | $8,873 |
| Annual Per SF | $1.35 |
| Operating Expenses | |
|---|---|
| Annual | $14,050 |
| Annual Per SF | $2.15 |
| Total Expenses | |
|---|---|
| Annual | $22,923 |
| Annual Per SF | $3.50 |
| Net Operating Income | |
|---|---|
| Annual | $85,152 |
| Annual Per SF | $13.00 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,550 SF
Building Class
C
Year Built
1942
Price
$958,000
Price Per SF
$146.26
Cap Rate
8.89%
NOI
$85,152
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.33 AC
Zoning
CP-2 - Commercial
Parking
11 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $633,870 (2025) | |
| Land Assessment | $215,895 (2025) | Annual Taxes | $8,873 ($1.35/SF) |
| Improvements Assessment | $417,975 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$215,895 (2025)
Improvements Assessment
$417,975 (2025)
Total Assessment
$633,870 (2025)
Annual Taxes
$8,873 ($1.35/SF)
Tax Year
2026
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Presented by
Skyline Real Estate Group
1580 Washington Blvd
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