Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    180 W Election Rd Draper, UT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space with parking, access to I-15, and amenities.

    Type:OFFICE
    Property size:
    9,111 SF
    Lot size:
    7.14 Acres
    Added:
    Mar 23, 2023
    Days on Market:
    1135
    Last Refresh:
    Apr 5 at 10:07 pm

    Property Features for 180 W Election Rd

    General Information

    Standard status
    Active
    Size
    9,111 SF
    Lot size
    7.14 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 180 W Election Rd Contact us

    We can help!

    Listing Contact
    Dana Baird
    Dana Baird

    Listing agent Dana Baird

    Listing office Cushman & Wakefield | Salt Lake City

    Listing date Mar 23, 2023

    Source Moodyscre

    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 Cushman & Wakefield | Salt Lake City

    Overview

    Draper Office Space with Amenities

    This office space, available for rent, offers a full-service lease at a rate of $28.50 to $29.50 per square foot. The property provides a parking ratio of 5 per 1,000 square feet. Qualified tenants have the opportunity for building exterior signage. Convenient access to I-15 is available via 123rd and 114th South. A multimodal shuttle service provides transportation to and from TRAX and Front Runner. On-campus e-charging stations are available. The interior lobbies have been newly remodeled. A new central park features an outdoor assembly and eating area. A planned coffee shop is upcoming. High-density infrastructure supports the property. Recreational amenities include volleyball and pickleball courts, as well as a fitness center equipped with lockers and showers. The property is located in Draper, Utah.
    Location Intelligence

    Current Use by Public Records

    Musicians Friend Department Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.896
    Latitude
    40.5354

    Nearby Similar for Lease

    • Contact for pricing

      Updated Commercial Space in Draper

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

      UT, Draper - S Bangerter Pky

      13867 Bangerter Pkwy, Draper, UT 84020
      View Details
    • Sponsored
      Contact for pricing

      Draper Center

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

      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

      Draper Office Space for Lease

      Office space available in Draper, Utah, with excellent parking.
      132 E 14075 S, Draper, UT
      View Details
    • $16 SF/Yr

      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

      Draper Office Space For Rent

      Office space for lease in Draper, Utah.
      172 E 14075 S, Draper, UT
      View Details
    • $28 SF/Yr

      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
    • $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

      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

      Draper Office Space Available

      3,000 SF office space with excellent access and visibility.
      12198 S State St, Draper, UT 84020
      View Details
    • Contact for pricing

      Draper Commercial Suites For Rent

      Commercial suites with private entrance, suitable for various professionals.
      12401 S 450 E unit: B209, Draper, UT 84020
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with parking, access to I-15, and amenities.
    Where is this office units located?
    The property is located at 180 W Election Rd Draper, UT.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Superior access to I‑15 via 123rd and 114th South; Full service; 5/1,000 parking ratio available
    (801) 870-7497 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dana Baird
    Dana Baird
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!