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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Community centers
11483 State St Draper, UT 84020-9403
Entity Owned
2-yr Hold
Free & Clear
Property ID
US86-0043180
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2000
Total area
11,016 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-3
APN
28-19-301-027
UPID
US86-0043180
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
Current use
Occupant on record · Public records
-
Club Pilates Gym & Fitness Center
-
Perspire Sauna Studio Gym & Fitness Center Spa & Massage Center
-
Thrifty Car Rental - Tsh Draper TLE Car Rental Facility
-
Honest Eatery Restaurant
-
Dollar Car Rental - Draper Hle Dollar DLE Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$740k
Owner & transaction history
Ariat International INC · 2 yrs held
Ariat International INC
since 2024
2 recorded transactions
Zoning & alternative use
C-3 · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+96.4%
Commercial (general)
$1.2M
+87.5%
Medical building
$1.1M
+70.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Current use
RESTAURANT
$1,215,000
Change: +96% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,160,000
Change: +88% · Conversion: Easy
MEDICAL BUILDING
$1,050,000
Change: +70% · Conversion: Difficult
WAREHOUSE, STORAGE
$810,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$795,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$775,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
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
$32,263
Tax year 2023
Assessed value
$3,424,300
Assessed 2024
Previous assessed
$3,356,900
+2.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,002,700
Assessed improvement
$2,421,600
Land market value
$1,002,700
Improvement market value
$2,421,600
Total market value
$3,424,300
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2000
Cooling
YES
Stories
1
Total area
11,016 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-3
APN
28-19-301-027
UPID
US86-0043180
Jurisdiction
SALT LAKE
Zoning & alternative use
C-3 · Draper, UT
Zoning C-3 · permitted uses
C-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$620,000
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$810,000
RETAIL STORES
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Cooling
Yes
Stories
1
Lot
0.86 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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
—
Ariat International INC
Mrei Draper LLC
Lease
—
Feb 1, 2024
—
Lone Peak Marketplace LLC
Mrei Draper LLC
Special Warranty Deed
—
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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