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Property profile & analytics
FOR LEASE
Investment properties
11629 S 700 E, Draper, UT 84020
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US86-0420255
For Lease
1 / 17
$20 SF/Yr
11629 S 700 E, Draper, UT 84020
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Property summary
AI-generated overview
This exceptional two-story, Class B office building, located at 11629 S 700 E, Draper, UT 84020, offers 18,598 square feet of versatile space ideal for executive, medical, or creative office uses. Built in 2007 and renovated in 2015, the property boasts a 14-foot ceiling height and features six suites, with a minimum divisible space of 1,670 square feet and a maximum contiguous space of 8,750 square feet currently available. The building sits on a 1.3-acre lot (56,628 square feet) and is zoned for commercial office/medical use within the Draper submarket of Salt Lake County. Amenities include one passenger elevator and a whole-building generator ensuring uninterrupted operations. The available 8,750 square feet of vacant space includes existing cubicles and office furniture, making it move-in ready for a December 1, 2024 lease start date. Conveniently located near the cross streets of 700 E and 116th South, this property presents a unique opportunity for businesses seeking a modern and functional workspace in a thriving Draper location. The property is easily accessible and offers ample parking.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,598 SF
Lot
1.3 ac (56,628 SF)
Zoning code
CC
APN
28-20-352-044
UPID
US86-0420255
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
-
IDS, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Sopra Services Business Management Consultant
-
DMR Agency Advertising Agency Marketing & Advertising
-
DeLand Investigations Law Firm Security Service
-
idsDoc Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$915k
Owner & transaction history
Open Doors LLC · 10 yrs held
Open Doors LLC
since 2015
7 recorded transactions
Zoning & alternative use
CC · 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
Method
Estimation
Statistic approach
by Request
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$49 / 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
$25,332
Tax year 2023
Assessed value
$2,642,000
Assessed 2023
Previous assessed
$2,642,000
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,061,800
Assessed improvement
$1,580,200
Land market value
$1,061,800
Improvement market value
$1,580,200
Total market value
$2,642,000
Applied tax rate
55.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Units
6
Total area
18,598 SF
Lot
1.3 ac (56,628 SF)
Zoning code
CC
APN
28-20-352-044
UPID
US86-0420255
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · Draper, UT
Zoning CC · permitted uses
CC · 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
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
6
Lot
1.3 ac
Current owner
From public records · entity-resolved
Open Doors LLC
Entity
Mailing address
11629 S 700TH E STE #125, DRAPER, UT 84020-8382
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2021
—
Open Doors LLC
—
Deed
related
$1,735,667 · Karen L Bortz Etal
Jul 22, 2016
—
Open Doors LLC
—
Deed
related
$1,476,573 · Alpenglow Solar & Electric LLC
Dec 18, 2015
—
Open Doors LLC
Cwd Real Estate Lc
Warranty Deed
—
Apr 14, 2010
—
Cwd Real Estate Lc
Cwd Real Estate Lc
Corporation Deed
$1,612,500 · Wells Fargo Bank NA
Jun 5, 2006
—
Cwd Real Estate LLC
Pinnacle Point Offices III LLC
Warranty Deed
—
—
—
Open Doors LLC
—
Deed Of Trust
related
$1,476,573 · Alpenglow Solar & Electric LLC
—
—
Cwd Real Estate LLC
—
Deed Of Trust
related
$875,839 · A Blaine Huntsman
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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