Class A Office
For Sale
$1,995,000
833 E Pioneer Rd #100, Draper, UT 84020
Flexible office ownership with two suites, private offices, conference areas, and existing NNN leases.
Property Size4,072 SF
Price / SF$489.93
Days on Market47
Property Features for 833 E Pioneer Rd #100
General Information
Standard status
Active
Size
4,072 SF
Class
Class A
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,995,000
Office Units
2
Building Details
Year Built
2021
Tenancy
Multi
Owner Occupied
No
Listing Agency:
NSRE, LLC
Listed By:
Derek Howe
(801) 800-6837
Source:
Buysalty
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 7 at 12:53PM
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 NSRE, LLC
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Investment Insights
Based on property information with market context.
This 4,072 SF Class A office property, completed in 2021, combines a 936 SF corner suite with a 3,136 SF two-story office. The spaces may be operated together or maintained as separate units, with up to nine private offices, reception and conference areas, kitchen and break spaces, three restrooms, and ample parking.
The property is located at 833 E Pioneer Rd in Draper, with access to I-15 and 12300 South. Unit 100 is leased to Canyon Craft under a NNN lease through January 2028, while Unit 101 is leased to Fidelity National Title through December 2026. The existing lease structure supports current occupancy while retaining the option to use the suites independently in the future.
The property is located at 833 E Pioneer Rd in Draper, with access to I-15 and 12300 South. Unit 100 is leased to Canyon Craft under a NNN lease through January 2028, while Unit 101 is leased to Fidelity National Title through December 2026. The existing lease structure supports current occupancy while retaining the option to use the suites independently in the future.
Key Highlights
- 4,072 SF Class A office property completed in 2021
- 936 SF corner suite plus 3,136 SF two‑story office
- Up to nine private offices with reception and conference areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,040
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,800
$1.2M
Cap Rate 7%
$843,429
$843.4K
Cap Rate 9%
$656,000
$656.0K
Market Conditions
NOI Build-Up for 4,072 SF
Gross rent
$87.5K $21.48/SF
− Vacancy
−$8.7K −$2.15/SF
EGI
$78.7K $19.33/SF
− OpEx
−$19.7K −$4.83/SF
NOI
$59.0K $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%
$1,180,800
Cap Rate 7%
$843,429
Cap Rate 9%
$656,000
Alternative Uses
Best Use
Office B
$843.4K
$738.0K – $984.0K
NOI $59,040 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$54.22M
$47.44M – $63.26M
NOI $3,795,413 @ 7.0% cap · market cap 190.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office ownership with two suites, private offices, conference areas, and existing NNN leases.
Where is this office unit located?
The property is located at 833 E Pioneer Rd #100 Draper, UT.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 4,072 SF Class A office property completed in 2021; 936 SF corner suite plus 3,136 SF two‑story office; Up to nine private offices with reception and conference areas
