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Property profile & analytics
OFF-MARKET
Commercial land
11441 State St, Draper, UT 84020-9452
Entity Owned
2-yr Hold
Free & Clear
Property ID
US86-0051088
Property summary
AI-generated overview
Lone Peak Marketplace offers exceptional retail space for lease in Draper, Utah. This single-story, 68,735 square foot commercial center is situated on a 6.01-acre lot at 11441 - 11479 S State St, Draper, UT 84020, in Salt Lake County. The property features multiple tenancies, with a total of 13,750 square feet currently vacant and available for lease. Spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 3,000 square feet, providing flexibility for a variety of retail businesses. The property's prime location in Draper offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access for customers. This is a fantastic opportunity to establish or expand your retail presence in a thriving Utah community. The property is categorized as retail commercial space. Interested parties are encouraged to inquire about available spaces and lease terms. The property is located in Salt Lake County, Utah.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
11,016 SF
Lot
0.61 ac (26,572 SF)
Zoning code
CR
APN
28-19-301-026
UPID
US86-0051088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ariat International INC · 2 yrs held
Ariat International INC
since 2024
7 recorded transactions
Zoning & alternative use
CR · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Draper submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Draper submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,915
Tax year 2023
Assessed value
$643,400
Assessed 2024
Previous assessed
$615,400
+4.5% YoY
Effective rate
0.92%
On assessed value
Assessed land
$643,400
Land market value
$643,400
Total market value
$643,400
Applied tax rate
51.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Total area
11,016 SF
Lot
0.61 ac (26,572 SF)
Zoning code
CR
APN
28-19-301-026
UPID
US86-0051088
Jurisdiction
SALT LAKE
Zoning & alternative use
CR · Draper, UT
Zoning CR · permitted uses
CR · Draper, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Draper. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.61 ac
Current owner
From public records · entity-resolved
Ariat International INC
Entity
Free & Clear · 2 yrs held
Mailing address
1100 E 6600TH S STE #100, MURRAY, UT 84121-7404
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2025
—
Lone Peak Marketplace LLC
—
Deed
related
$18,000,000 · Metlife Real Estate Lending LLC
Feb 2, 2024
—
Ariat International INC
Mrei Draper LLC
Lease
—
Feb 1, 2024
—
Lone Peak Marketplace LLC
Baydays Utah LLC
Special Warranty Deed
—
Jan 17, 2020
—
Mrei Draper LLC
—
Deed
related
$12,955,000 · Ready Cap Structured Fin
Oct 8, 2019
—
Mrei Draper LLC
Fs Draper Plaza LLC
Grant Deed
$2,187,300 · Readycap Com'l
Dec 10, 2018
—
Utah Dept Of Transportation
Fs Draper Plaza LLC
Grant Deed
—
Nov 14, 2013
—
Fs Draper Plaza LLC
Draper Plaza II LLC
Quit Claim Deed
related
—
—
—
Mrei Draper LLC
—
Loan Modification
related
$12,955,000 · Ready Cap Structured Fin
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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