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    13937 Sprague Ln Draper, UT 84020

    For Lease
    $27 SF/Yr

    Prestigious Draper office, multiple suites available

    Lot size:
    109,595 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This Class A, five-story executive office building, known as Minuteman IV, offers 109,595 square feet of premium office space in the desirable Draper submarket of Utah. Built in 2013, the property sits on a 6-acre lot at 13937 Sprague Ln, Draper, UT 84020, providing excellent visibility and accessibility. The building features a modern design with floor-to-ceiling glass and high-volume ceilings on the main floor, creating an impressive and efficient workspace. Multiple tenancy options are available, with a minimum divisible space of 7,446 square feet and a maximum contiguous space of 22,902 square feet. Currently, 30,348 square feet is vacant, presenting a significant opportunity for businesses seeking expansion or relocation. The building boasts a total of two suites and ample parking with a 5/1000 space ratio. Its prime location offers easy access to I-15, ensuring convenient commutes for employees and clients. This property represents an exceptional opportunity to establish a prominent corporate presence in a thriving Utah business community. The efficient floor plan and modern amenities make this an ideal setting for discerning corporate office users.

    Property Features for 13937 Sprague Ln

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    109,595 SF
    Class
    A
    Total Rate
    251155.21

    Building Details

    Year Built
    2013
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 425
    Size
    7,446 SF
    Rate per SF
    $27
    Space
    Suite 300
    Size
    22,902 SF
    Rate per SF
    $27

    HighLights

    • Lease Rate: $31.85/SF, Full Service.
    • 34,203 SF Available for Lease.
    • Generous Tenant Improvement Allowance.
    • 5/1,000 Parking Ratio.
    • State‑of‑the‑art Mechanical Systems.
    • LEED Silver Certification.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Method Dental Labs Dental Laboratory Cvent Corporate Office BROWZ LLC Corporate Office Allstate Insurance Insurance Company Marquis Software Solutions Computer Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8871718
    Latitude
    40.4980813

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    FAQs

    What type of property is this?
    Office space - Prestigious Draper office, multiple suites available
    Where is this office space located?
    The property is located at 13937 Sprague Ln Draper, UT.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $31.85/SF, Full Service.; 34,203 SF Available for Lease.; Generous Tenant Improvement Allowance.
    Request Owner's contact information
    13937 Sprague Ln Draper, UT 84020
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    Realmo Value Estimation

    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.

    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.

    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
    13937 Sprague Ln Draper, UT 84020
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