Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1147 Draper Pkwy Draper, UT 84020-9096
    Back to Search
    Property profile & analytics

    1147 Draper Pkwy, Draper, UT 84020-9096

    View on Map
    • Retail space
    • 3,975 SF
    • 0.44 lot acres
    Off-Market
    Property ID
    US86-0521751
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hidden Valley Eye Care / Physician
    • Hoopes Vision Affiliated Office - Hidden Valley Eye Care / Medical Clinic / Hospital
    • Jason Mackay / Physician
    • Cory Seitz / Physician

    Property Details for 1147 Draper Pkwy

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.44 lot acres
    Zone code
    CC
    Property type
    Retail space
    APN
    28-29-401-012
    APU
    2829401012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 30, 2018 — J Mackay Real Estate LLC Hvec Leasing LLC Grant Deed $1.4M · Vision One Cu
    Sep 30, 2014 — Hvec Leasing LLC Clark Investment Group LLC Grant Deed $696k · Bank Of The West
    Dec 31, 2012 — Clark Investment Group LLC Hcfp LLC Grant Deed —
    Dec 26, 2012 — Clark Investment Group LLC Hcfp LLC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.858
    Latitude
    40.5288
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $13,547
    $395,700
    $969,000
    $1,364,700
    -
    $395,700
    $969,000
    $1,364,700

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      11553 State St

      RETAIL STORES (PERSONAL SERVICES)
      11553 State St, Draper, UT 84020-9454
      View Details
    • Value Estimation by Request
      5,800 SF

      12270 700th E

      RETAIL STORES (PERSONAL SERVICES)
      12270 700th E, Draper, UT 84020-9753
      View Details
    • Value Estimation by Request
      5,119 SF

      978 Draper Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      978 Draper Pkwy, Draper, UT 84020-9091
      View Details
    • Value Estimation by Request
      0.90 Acres

      12216 Draper Gate Dr

      RETAIL STORES (PERSONAL SERVICES)
      12216 Draper Gate Dr, Draper, UT 84020-8078
      View Details
    • Value Estimation by Request
      0.39 Acres

      12265 1190th E

      RETAIL STORES (PERSONAL SERVICES)
      12265 1190th E, Draper, UT 84020-9038
      View Details
    • Value Estimation by Request
      0.07 Acres

      12270 700th E

      RETAIL STORES (PERSONAL SERVICES)
      12270 700th E, Draper, UT 84020-9753
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      5,800 SF

      Retail/Warehouse Investment Property

      Fully leased NNN retail/warehouse with two tenants and ample on-site parking for durable operating stability.
      12270 S 700 E, Draper, UT 84020
      View Details
    • Contact for pricing
      3,156 SF

      Established Car Wash Business Opportunity

      Profitable car wash with diverse revenue streams in affluent Draper.
      821 E 12300 S, Draper, UT 84020
      View Details
    • $1,995,000
      0.45 Acres

      Draper Restaurant with Mountain Views

      Turnkey restaurant opportunity in Draper, Utah with mountain views.
      14886 S Traverse Rd, Draper, UT 84020
      View Details
    • Contact for pricing

      Land Adjacent to Bangerter Hwy

      Prime corner lot suitable for gas station or retail.
      13657 S 600 W, Draper, UT 84020
      View Details
    • $443,900

      Land For Sale in Draper

      Land available in Draper, Utah.
      14724 S Canyon Peak Dr E 24, Draper, UT 84020
      View Details
    • $3,349,000

      New Office Building For Sale

      Office building in a residential area with high demographics.
      11639 South St East, Draper, UT 84020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,292 SF

      Retail Endcap Space Available

      1,292 SF retail space with easy highway access.
      129 E 13800 S, Draper, UT 84020
      View Details
    • Contact for pricing
      2,387 SF

      Retail Space with Drive-Thru

      Retail space available in high-traffic area with drive-thru.
      13645 S 600 W, Draper, UT 84020
      View Details
    • Contact for pricing
      2,200 SF

      Retail Pad Site Available

      Freestanding and multi-tenant pads available in high-growth area.
      207 13800 S, Draper, UT 84020
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 1,820 to 9,160 SqFt.
      12059 S State St, Draper, UT 84020
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      1,500 SF retail space with monument and storefront signage.
      866 E 12300 S, Draper, UT 84020
      View Details
    • Contact for pricing

      Retail Space Available in Draper

      Retail ground level complex with space available for rent.
      12358 Pony Express Rd, 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.
    1147 Draper Pkwy
    Draper, UT 84020-9096
    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

    Thank You for Inquiry
    1147 Draper Pkwy, Draper, UT, 84020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!