Fully Leased Office
856 E 12300 S Unit 5-8 Draper, UT 84020
For Sale
$2,352,000
Fully remodeled office building with 15 private offices, conference rooms, multiple work areas, and 29 on-site parking spaces.
Property Size5,040 SF
Lot Size0.48 Acres
Price / SF$466.67
Days on Market11
Property Features for 856 E 12300 S Unit 5-8
General Information
Standard status
Active
Size
5,040 SF
Lot size
0.48 Acres
Property subtype
Office
Building Details
Year Built
1996
Listing Agency:
Pendleton Real Estate LLC
(801) 918-7888
Listed By:
Mike Minnick
(801) 918-7888
Source:
Liftrealty
Added: Jul 20
Changed: Jul 28
Last Checked: Jul 29 at 5:43AM
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.
Fully remodeled 5,040-square-foot office building offered for sale as a fully leased, triple-net (NNN) investment. The interior layout includes 15 private offices, two conference rooms, two upgraded kitchen/break rooms, two restrooms, a reception area, and two large open areas suited for cubicles, collaborative workstations, or team gathering. The property also features air conditioning, central heating, abundant natural light, wheelchair accessibility, and monument signage.
The building is located in a highly visible, high-traffic corridor in Downtown Draper with exposure to more than 25,000 vehicles per day and convenient access to Interstate 15. It is near public transit options including Draper Town Center Station and Kimball Lane Station, and offers 29 on-site parking spaces on a 0.48-acre parcel. The building is 100% leased to Headwaters Construction under a long-term NNN lease.
The building is located in a highly visible, high-traffic corridor in Downtown Draper with exposure to more than 25,000 vehicles per day and convenient access to Interstate 15. It is near public transit options including Draper Town Center Station and Kimball Lane Station, and offers 29 on-site parking spaces on a 0.48-acre parcel. The building is 100% leased to Headwaters Construction under a long-term NNN lease.
Key Highlights
- Fully remodeled 5,040 SF office building built in 1996 in Downtown Draper
- 100% leased under a long‑term triple‑net (NNN) lease to Headwaters Construction
- 6.00% cap rate offering predictable income with minimal landlord responsibilities
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 15 private offices, conference rooms, multiple work areas, and 29 on-site parking spaces.
Where is this office building located?
The property is located at 856 E 12300 S Unit 5-8 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: Fully remodeled 5,040 SF office building built in 1996 in Downtown Draper; 100% leased under a long‑term triple‑net (NNN) lease to Headwaters Construction; 6.00% cap rate offering predictable income with minimal landlord responsibilities
