Ground-Floor Office
For Sale
Contact for pricing
276 E 12200 S, Draper, UT 84020
Ground-floor office condo with three private offices, a break room, and an open work area, plus ample on-site parking.
Property Size2,160 SF
Price / SF$300
Days on Market197
Property Features for 276 E 12200 S
General Information
Standard status
Active
Size
2,160 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Colliers | Utah County
(801) 610-1300
Listed By:
David Heninger
(801) 666-4260
Source:
Moodyscre
Added: Apr 16
Changed: Oct 26
Last Checked: Oct 28 at 8:36AM
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 Colliers | Utah County
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Investment Insights
Based on property information with market context.
This 2,160 SF ground-floor office condo offers a practical mix of private and flexible workspace. The layout includes three private offices, a break room, and an open work area that can support a variety of configurations.
The property is approximately 10.56 miles to I-15 and is directly across from the Draper Post Office. Ample on-site parking is provided for convenient access.
As a ground-level condo unit, it is well suited for office use where efficient day-to-day access and a clear interior mix of rooms and open work space are priorities.
The property is approximately 10.56 miles to I-15 and is directly across from the Draper Post Office. Ample on-site parking is provided for convenient access.
As a ground-level condo unit, it is well suited for office use where efficient day-to-day access and a clear interior mix of rooms and open work space are priorities.
Key Highlights
- 2,160 SF ground‑floor office condo
- Layout includes 3 private offices, a break room, and an open work area
- Just 0.56 miles to I‑15
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,318
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,360
$626.4K
Cap Rate 7%
$447,400
$447.4K
Cap Rate 9%
$347,978
$348.0K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$46.4K $21.48/SF
− Vacancy
−$4.6K −$2.15/SF
EGI
$41.8K $19.33/SF
− OpEx
−$10.4K −$4.83/SF
NOI
$31.3K $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%
$626,360
Cap Rate 7%
$447,400
Cap Rate 9%
$347,978
Alternative Uses
Best Use
Office B
$447.4K
$391.5K – $522.0K
NOI $31,318 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$28.76M
$25.17M – $33.55M
NOI $2,013,284 @ 7.0% cap · market cap 310.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,357
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Ground-floor office condo with three private offices, a break room, and an open work area, plus ample on-site parking.
Where is this office unit located?
The property is located at 276 E 12200 S Draper, UT.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: 2,160 SF ground‑floor office condo; Layout includes 3 private offices, a break room, and an open work area; Just 0.56 miles to I‑15
