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    196 South St Draper, UT 84020

    For Lease
    $23 SF/Yr

    Prime Draper retail space available. Excellent visibility & location.

    Lot size:
    16,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail opportunity presents 6,441 square feet of vacant space within the Lone Peak Retail Center, a well-maintained anchorless strip center located at 196 West 12300 South in Draper, Utah, zip code 84020. Built in 2008, the center sits on a 2.16-acre lot and offers a total of 16,058 square feet of retail space. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,441 square feet to a maximum contiguous space of 5,000 square feet. This presents a unique chance for businesses seeking flexible and adaptable retail space in a thriving Draper community. The property's location in Salt Lake County ensures high visibility and accessibility for customers. The center's design and layout are conducive to a variety of retail uses, making it an attractive option for a range of businesses. This is a rare opportunity to secure prime retail space in a desirable location with excellent potential for growth and success. The property is currently available for lease. Interested parties should inquire for further details and leasing information.

    Property Features for 196 South St

    General Information

    Property type
    Strip malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,058 SF
    Total Rate
    30777.83

    Building Details

    Year Built
    2008

    Unit(s) available at that property

    Space
    Suite 105
    Size
    1,441 SF
    Rate per SF
    $23
    Space
    Available Space
    Size
    5,000 SF
    Rate per SF
    $23

    HighLights

    • 6,441 SF vacant retail space available for lease in Lone Peak Retail Center, Draper, UT.
    • Two 2,500 SF drive‑thru buildings available.
    • High‑image design and architecture.
    • Excellent location near three major business parks, ensuring high daytime population.
    • High traffic counts: 33,456 cars per day on 12300 South (2019 data).
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9190871
    Latitude
    40.5251809

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    FAQs

    What type of property is this?
    Strip mall - Prime Draper retail space available. Excellent visibility & location.
    Where is this strip mall located?
    The property is located at 196 South St Draper, UT.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 6,441 SF vacant retail space available for lease in Lone Peak Retail Center, Draper, UT.; Two 2,500 SF drive-thru buildings available.; High-image design and architecture.
    Request Owner's contact information
    196 South St 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
    196 South St Draper, UT 84020
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