Back to Search
Property profile & analytics
FOR LEASE
Warehouses
12159 S Business Park Dr Draper, UT 84020
Entity Owned
7-yr Hold
Free & Clear
Property ID
US86-0466112
For Lease
1 / 6
$13 SF/Yr
12159 S Business Park Dr, Draper, UT 84020
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,700 SF
Lot
1.63 ac (71,003 SF)
Zoning code
CBP
APN
27-25-200-055
UPID
US86-0466112
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
-
V3 Systems Big Box & Wholesale Store Electronics & Wireless Store
-
US Army Corporation of Engineering Federal Government Office
-
Celio Corporation Clothing Store
-
Advantage Locums Corporate Office
-
Hencil Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$2.23M
Owner & transaction history
Draper 3 LLC · 7 yrs held
Draper 3 LLC
since 2019
7 recorded transactions
Zoning & alternative use
CBP · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+49.4%
Commercial (general)
$2.9M
+42.7%
Medical building
$2.6M
+29.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,040,000
Current use
RESTAURANT
$3,050,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,915,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$2,645,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$2,000,000
Change: -2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,950,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±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
$81 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$63,800
Tax year 2024
Assessed value
$6,703,100
Assessed 2024
Previous assessed
$6,703,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,792,800
Assessed improvement
$4,910,300
Land market value
$1,792,800
Improvement market value
$4,910,300
Total market value
$6,703,100
Applied tax rate
52.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Units
3
Total area
27,700 SF
Lot
1.63 ac (71,003 SF)
Zoning code
CBP
APN
27-25-200-055
UPID
US86-0466112
Jurisdiction
SALT LAKE
Zoning & alternative use
CBP · Draper, UT
Zoning CBP · permitted uses
CBP · 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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Units
3
Lot
1.63 ac
Current owner
From public records · entity-resolved
Draper 3 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 80344, SEATTLE, WA 98108-0344
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2021
—
Draper 2 LLC
—
Deed
related
$5,500,000 · Minnesota Life Insurance Company
Jan 22, 2019
—
Draper 3 LLC
Valley Green Holdings LLC
Grant Deed
—
Dec 20, 2017
—
Valley Green Holdings LLC
—
Loan Modification
related
$12,512,500 · Capital One NA
Feb 6, 2017
—
Valley Green Holdings LLC
—
Loan Modification
related
$8,341,852 · Capital One NA
Aug 11, 2014
—
Valley Green Holdings LLC
—
Grant Deed
related
$7,750,000 · Capital One NA
Apr 16, 2008
—
Valley Green Holdings LLC
Svn Draper LLC
Grant Deed
$4,000,000 · Svn Draper LLC
Jan 14, 2005
—
Svn Draper LLC
Draper Business Park Lc
Quit Claim Deed
$7,490,000 · Life Insurance Of Southwest
—
—
Valley Green Holdings LLC
—
Deed Of Trust
related
$6,000,000 · Svn Draper LLC
—
—
Sfm Real Estate Holdings LLC
—
Deed Of Trust
related
$891,538 · Paragon National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
