Draper Office Asset
For Sale
Contact for pricing
12162 S Business Park Dr, Draper, UT 84020
Two-building office asset in desirable Draper, Utah submarket.
Property Size3,904 SF
Price / SF$0.00
Days on Market167
Property Features for 12162 S Business Park Dr
General Information
Standard status
Active
Size
3,904 SF
Class
B
Property subtype
office
Properties For Sale
at 12162 S Business Park Dr Contact usAvailable Space Immediate
Floor
1
Size
3,904 SF
Type
Flex/R&D
Term
Negotiable
Available Space Immediate
Floor
2
Size
9,421 SF
Type
Office
Term
Negotiable
Listing Agency:
Salt Lake City
(801) 456-9510
Listed By:
David Nixon · License #8606046-SA00
(801) 456-9518
Source:
Property.jll
Added: May 20
Changed: Oct 25
Last Checked: Nov 1 at 2:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Salt Lake City
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Investment Insights
Based on property information with market context.
This offering features a two-building office asset totaling approximately 60,000 square feet, situated at 12162 and 12159 S Business Park Dr in Draper, Utah. The property presents an opportunity to acquire a well-located suburban office investment within a rapidly growing submarket of the Salt Lake Valley. The buildings provide functional and flexible layouts suitable for various office users, complemented by strong curb appeal and a parking ratio of 3.0/1,000 SF. The configuration allows for multi-tenant leasing strategies or potential owner-user scenarios. Strategically positioned in Draper, the property benefits from its location in one of the most sought-after office submarkets in Salt Lake County, characterized by strong population growth, high household incomes, and a highly educated workforce. The area serves as a hub for technology, professional services, and corporate users, driven by its proximity to Silicon Slopes and convenient access to both Salt Lake City and Utah County. Immediate access to Interstate 15 and Bangerter Highway ensures seamless connectivity throughout the Salt Lake Valley. The surrounding area offers a strong amenity base, including retail centers, restaurants, and service-oriented businesses that support tenant demand and employee convenience. The presence of nearby national and regional tenants further enhances the location's appeal as a business destination.
Key Highlights
- Located in Draper, a highly desirable and rapidly growing submarket in the Salt Lake Valley.
- Excellent access to Interstate 15 and Bangerter Highway.
- Two‑building office asset totaling approximately 60,000 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,604
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,080
$1.1M
Cap Rate 7%
$808,629
$808.6K
Cap Rate 9%
$628,933
$628.9K
Market Conditions
NOI Build-Up for 3,904 SF
Gross rent
$83.9K $21.48/SF
− Vacancy
−$8.4K −$2.15/SF
EGI
$75.5K $19.33/SF
− OpEx
−$18.9K −$4.83/SF
NOI
$56.6K $14.50/SF
Area
Salt Lake County, UT
Vacancy
10.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,080
Cap Rate 7%
$808,629
Cap Rate 9%
$628,933
Alternative Uses
Best Use
Office B
$808.6K
$707.6K – $943.4K
NOI $56,604 @ 7.0% cap · market cap 435,415.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$51.98M
$45.49M – $60.65M
NOI $3,638,824 @ 7.0% cap · market cap 27,990,953.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 84020, UT
51,017
Population
16,865
Households
3
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
27.2 sq mi
ZIP Area
1,876
Density / Sq Mi
$130,680
Median Household Income
$55,377
Median Earnings
$1,812
Median Rent
$726,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-building office asset in desirable Draper, Utah submarket.
Where is this office building located?
The property is located at 12162 S Business Park Dr Draper, UT.
What are key features of this property?
This property features: Located in Draper, a highly desirable and rapidly growing submarket in the Salt Lake Valley.; Excellent access to Interstate 15 and Bangerter Highway.; Two‑building office asset totaling approximately 60,000 square feet.
