Fully Leased Office
5-8-856 E 12300 S Draper, UT 84020
For Sale
$2,352,000
Fully remodeled office building with private offices, conference rooms, reception, and two restrooms under a long-term NNN lease.
Property Size5,040 SF
Lot Size0.48 Acres
Price / SF$466.67
Days on Market9
Property Features for 5-8-856 E 12300 S
General Information
Standard status
Active
Size
5,040 SF
Lot size
0.48 Acres
Listing Agency:
Pendleton Real Estate LLC
(801) 918-7888
Listed By:
Mike Minnick
(801) 918-7888
Source:
Exprealty
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 29 at 7:45PM
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 Pendleton Real Estate LLC
Investment Insights
Based on property information with market context.
This fully remodeled office building totals 5,040 square feet and is configured for a modern, professional workplace. The layout includes 15 private offices, two conference rooms, two upgraded kitchens/break rooms, two restrooms, a welcoming reception area, and two large open areas suited for cubicles or collaborative workstations. The building is equipped with air conditioning, central heating, abundant natural light, and features wheelchair accessibility plus monument signage.
The property is located in Downtown Draper within a highly visible, high-traffic corridor, with exposure to more than 25,000 vehicles per day. It sits on a 0.48-acre parcel with 29 on-site parking spaces and offers convenient access to nearby public transit. Interstate 15 provides connectivity throughout the Salt Lake Valley, and the building is near Draper Town Center Station and Kimball Lane Station. The property is 100% leased under a long-term triple-net (NNN) lease to Headwaters Construction.
The property is located in Downtown Draper within a highly visible, high-traffic corridor, with exposure to more than 25,000 vehicles per day. It sits on a 0.48-acre parcel with 29 on-site parking spaces and offers convenient access to nearby public transit. Interstate 15 provides connectivity throughout the Salt Lake Valley, and the building is near Draper Town Center Station and Kimball Lane Station. The property is 100% leased under a long-term triple-net (NNN) lease to Headwaters Construction.
Key Highlights
- 5,040 SF fully remodeled office building in Downtown Draper on a 0.48‑acre parcel
- 100% leased to Headwaters Construction under a long‑term triple‑net (NNN) lease
- 15 private offices plus 2 conference rooms, reception area, and two large open work areas
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 | $108.3k | $21.48 |
| − Vacancy | −$10.8k | −$2.15 |
| EGI | $97.4k | $19.33 |
| − OpEx | −$24.4k | −$4.83 |
| NOI | $73.1k | $14.50 |
5,040 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$913.4K – $1.22M
NOI $73,075 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$67.11M
$58.72M – $78.29M
NOI $4,697,662 @ 7.0% cap · market cap 199.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Fully remodeled office building with private offices, conference rooms, reception, and two restrooms under a long-term NNN lease.
Where is this office building located?
The property is located at 5-8-856 E 12300 S Draper, UT.
What is the asking price?
The asking price for this property is $2,352,000.
What are key features of this property?
This property features: 5,040 SF fully remodeled office building in Downtown Draper on a 0.48‑acre parcel; 100% leased to Headwaters Construction under a long‑term triple‑net (NNN) lease; 15 private offices plus 2 conference rooms, reception area, and two large open work areas
