Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Draper Commercial Suites For Rent Title is generated by Realmo AI

    12401 S 450 E, Draper, UT 84020

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    COMMERCIAL - Draper, UT

    Type:Office
    Lot size:
    1.92 Acres
    Added:
    Mar 7, 2025
    Days on Market:
    434
    Last Refresh:
    May 15 at 9:06 am

    Property Features for 12401 S 450 E

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    Commercial
    Interior features
    Kitchen, Refrigerator, Restroom: Public
    Standard status
    Active
    APN
    28-30-456-010
    Lot size
    1.92 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4179

    Building Details

    Year built
    1997
    Flooring type
    Carpet

    We can help!

    Listing Contact
    Hannah McCrory

    Listing agent Hannah McCrory

    Listing office Century 21 Everest 6925 S Union Park Center Suite 100, Midvale, UT

    Listing date Mar 7, 2025

    MLS# 2084925

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Affordable combined rent of $1400/month for two suites.
    • Private entrance.
    • Suitable for various professional uses (real estate, insurance, therapy, etc.).
    • Includes a kitchen.
    • Includes a refrigerator.
    • Built in 1997.

    Overview

    Commercial suites 209 and 210 are available for lease together at a rate of $1400 per month. The suites include a private entrance, making them suitable for real estate agents, insurance agents, therapists, and similar professionals. The property is located in Draper, Utah, within Salt Lake County. The lot size is 1.92 acres. Showings are by appointment only and must be accompanied by the owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gilson Engineering Civil Engineer Royle Counseling Counselor Advance Insurance Insurance Agency Lake City Funding Loan Service Ridgeline Financial Inc. Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8777741
    Latitude
    40.5256592

    Nearby Similar for Lease

    • $6,499/Mo

      Updated Commercial Space in Draper

      Professionally designed commercial property ideal for medical, wellness, or boutique.
      11451 S 700 E, Draper, UT 84020
      View Details
    • Sponsored
      Contact for pricing

      UT, Draper - S Bangerter Pky

      13867 Bangerter Pkwy, Draper, UT 84020
      View Details
    • $129-$6,046/Mo
      11-1,292 SF

      Draper Center

      13894 Bangerter Pkwy, Unit 200, Draper, UT 84020
      View Details
    • $3,128/Mo
      6,814 SF

      Draper Office Space For Lease

      Office space with easy I-15 access and mountain views.
      12894 Pony Express Rd, Draper, UT 84020
      View Details
    • $28 SF/Yr
      13,623 SF

      Draper Office Space for Lease

      Office space available in Draper, Utah, with excellent parking.
      132 E 14075 S, Draper, UT
      View Details
    • Contact for pricing
      9,160 SF

      Retail Space Available For Rent

      Retail space available, ranging from 1,820 to 9,160 SqFt.
      12059 S State St, Draper, UT 84020
      View Details
    • $16 SF/Yr
      2,848 SF

      Draper Office Space For Rent

      Office space for rent near I-15 with ample parking.
      12397 South 300 East, Draper, UT, 84020
      View Details
    • $28 SF/Yr
      4,162 SF

      Draper Office Space For Rent

      Office space for lease in Draper, Utah.
      172 E 14075 S, Draper, UT
      View Details
    • $35 SF/Yr

      Drive-Thru Restaurant Space Available

      Drive-thru restaurant space with high visibility and foot traffic.
      13657 S 600 W, Draper, UT 84020
      View Details
    • $29 SF/Yr
      92,126 SF

      Draper Office Space with Views

      Class A office space with panoramic views and unmatched amenities.
      42 E Future Way, Draper, UT
      View Details
    • Contact for pricing
      3,000 SF

      Draper Office Space Available

      3,000 SF office space with excellent access and visibility.
      12198 S State St, Draper, UT 84020
      View Details
    • $24 SF/Yr
      5,560 SF

      Class A Building For Rent

      80,000 square-foot Class A building in convenient location.
      96 Kimballs Lane, Draper, UT, 84020
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial suites with private entrance, suitable for various professionals.
    Where is this office units located?
    The property is located at 12401 S 450 E Draper, UT.
    What are key features of this property?
    This property features: Affordable combined rent of $1400/month for two suites.; Private entrance.; Suitable for various professional uses (real estate, insurance, therapy, etc.).
    (801) 600-6887
    We can help!
    Listing Contact
    Hannah McCrory
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12401 S 450 E, Draper, UT 84020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!