Two-Story Class B Office
173 W Election Road Draper, UT 84020
173 W Election Road, Draper, UT, 84020
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For Sale
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Two-story Class B office building on 5.4 acres with efficient floor plates and abundant natural light.
Property Size75,400 SF
Lot Size5.40 Acres
Price / SF$190
Days on Market98
Property Features for 173 W Election Road
General Information
- Standard status
- Active
- Size
- 75,400 SF
- Lot size
- 5.40 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1998
Listing agency
JLL - Salt Lake City, Utah
(385) 419-3191
Listed by
Amanda Lawson · License #UT - 6827459-SA00
Source
Crexi
Added: Apr 16 Updated: Jul 21 at 11:01PM Checked: Jul 21 at 11:01PM
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 JLL - Salt Lake City, Utah
Investment Insights
Based on property information with market context.
173 W Election Road is a 75,400 SF, two-story Class B office building built in 1998, set on 5.4 acres. The property offers large, efficient floor plates of approximately 37,700 square feet per floor and is described as having abundant natural light. The building was previously occupied and institutionally maintained by a single corporate publicly traded Fortune 500 company.
The asset is located in Draper within the Silicon Slopes area, described as a crossroads of deep tech talent, with access to both Salt Lake and Utah Counties.
The existing configuration supports a full-building or multi-tenant office layout given the size and scale of the two floor plates.
The asset is located in Draper within the Silicon Slopes area, described as a crossroads of deep tech talent, with access to both Salt Lake and Utah Counties.
The existing configuration supports a full-building or multi-tenant office layout given the size and scale of the two floor plates.
Key Highlights
- 75,400 SF, two‑story Class B office building built in 1998
- 5.4‑acre site with large, efficient floor plates of approximately 37,700 SF per floor
- Abundant natural light throughout the building
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.62M | $21.48 |
| − Vacancy | −$162.0k | −$2.15 |
| EGI | $1.46M | $19.33 |
| − OpEx | −$364.4k | −$4.83 |
| NOI | $1.09M | $14.50 |
75,400 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$15.62M
$13.67M – $18.22M
NOI $1,093,225 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1,003.98M
$878.48M – $1,171.31M
NOI $70,278,514 @ 7.0% cap · market cap 490.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
StubHub
Corporate Office
Homey Portable Toilets ...
Building Supply
eBay
Department Store
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FAQs
What type of property is this?
Office building - Two-story Class B office building on 5.4 acres with efficient floor plates and abundant natural light.
Where is this office building located?
The property is located at 173 W Election Road Draper, UT.
What is the asking price?
The asking price for this property is $14,326,000.
What are key features of this property?
This property features: 75,400 SF, two‑story Class B office building built in 1998; 5.4‑acre site with large, efficient floor plates of approximately 37,700 SF per floor; Abundant natural light throughout the building
