Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    12358 Pony Express Rd Draper, UT 84020

    • Retail properties
    • 10,902 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ChargeLab Charging Station / Electric Vehicle Charging Station
    • Skyline Peaks / Apartment Building
    • Skyline Peaks Apartments / Apartment Building / Apartment Complex

    Property Details for 12358 Pony Express Rd

    Year built
    2024
    Property size
    10,902 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional 10,902 square foot, Class A retail space is ideally situated at 12358 S Pony Express Dr, Draper, UT 84020. Completed in 2024, this single-story building offers a prime opportunity for multiple tenants seeking a high-visibility location. The entire space is currently vacant, providing a blank canvas for customization. The property boasts excellent proximity and visibility from I-15 and 12300 South, ensuring high traffic and exposure. Located in the affluent Draper submarket of Salt Lake County, this retail space benefits from a strong demographic profile. The surrounding area includes 871 apartment units across various phases, providing a built-in customer base. This mixed-use property is perfect for restaurants or retail businesses seeking a prominent location in a thriving community. The property is available for lease in Q1 2024. Contact us for pricing and leasing information. This is a rare opportunity to secure a brand new, high-quality retail space in a prime Draper location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.892
    Latitude
    40.5263

    Comparable in this City

    • Value Estimation by Request
      315,500 SF

      11400 State St

      Retail properties • 315,500 SF
      11400 State St, Draper, UT 84020
      View Details
    • Value Estimation by Request
      2.33 Acres

      13186 135

      Land • 1,200 SF
      13186 135, Draper, UT 84020
      View Details
    • Value Estimation by Request
      52,381 SF

      212 12300

      Neighborhood centers • 52,381 SF
      212 12300, Draper, UT 84020
      View Details
    • Value Estimation
      $1,500,000
      80,910 SF

      125 13800th S

      DEPARTMENT STORE • 80,910 SF
      125 13800th S, Draper, UT 84020-9557
      View Details
    • Value Estimation by Request

      i The Pt

      Retail properties
      i The Pt, Draper, UT 84020
      View Details
    • Value Estimation by Request
      66,627 SF

      12300 & Interstate 15

      Individual retail properties • 66,627 SF
      12300 & Interstate 15, Draper, UT 84020
      View Details

    Similar Nearby for Sale

    • $130,000
      1.00 Acre

      Restaurant Business For Sale

      Restaurant business for sale in Draper, Utah.
      191 E 123000 S, Draper, UT 84020
      View Details
    • $447,000
      0.16 Acres

      Draper Storefront: Prime Mixed-Use

      Retail space, land, excellent location.
      923 Pioneer Rd, Draper, UT 84020
      View Details
    • Contact for pricing
      2.33 Acres

      Draper, UT Commercial Land Opportunity

      Prime Draper location, build-to-suit options available.
      13186 135, Draper, UT 84020
      View Details
    • Contact for pricing
      4.04 Acres

      Draper Commercial Land - 4 Acres

      Prime Draper location, ready for development. Excellent auto dealership site.
      11601 Lone Peak Pkwy, Draper, UT 84020
      View Details
    • $525,000
      0.90 Acres

      Draper Land with Panoramic Views

      0.90-acre lot with unobstructed views in Suncrest community.
      1349 E Elk Dr, Draper, UT 84020
      View Details
    • $430,000
      0.52 Acres

      Draper Buildable Lot For Sale

      Half-acre flag lot in Draper, ready for your dream home.
      677 E 12000 S, Draper, UT 84020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      900 SF

      Freestanding Restaurant Space Available

      Second generation restaurant space for lease in Draper, Utah.
      673 E 12300 S, Draper, UT 84020
      View Details
    • Contact for pricing
      10,902 SF

      Draper Retail Space: 10,902 SF

      Brand new, Class A retail space in Draper, UT.
      12358 Pony Express Rd, Draper, UT 84020
      View Details
    • $13 SF/Yr
      25,200 SF

      Draper Parkway Industrial Space

      Versatile industrial space in Draper, UT
      1014 Draper Pkwy, Draper, UT 84020
      View Details
    • Contact for pricing
      315,500 SF

      Prime Draper Retail Space

      High-traffic retail space, flexible layouts.
      11400 State St, Draper, UT 84020
      View Details
    • Contact for pricing
      48,571 SF

      Retail Space with Outdoor Area

      Available retail space with easy access and outdoor display area.
      1055 E Draper Pkwy, Draper, UT 84020
      View Details
    • Contact for pricing
      68,735 SF

      Lone Peak Marketplace Retail Space

      Draper, UT retail space for lease.
      11441 State St, Draper, UT 84020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12358 Pony Express Rd
    Draper, UT 84020
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.