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Property profile & analytics
FOR LEASE
Warehouses
12227 S Business Park Dr Draper, UT 84020
Entity Owned
7-yr Hold
Free & Clear
Property ID
US86-1493296
For Lease
$13 SF/Yr
12227 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
29,380 SF
Lot
2.81 ac (122,404 SF)
Zoning code
C-3
APN
27-25-429-007
UPID
US86-1493296
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
-
PowerCo Solar Solar Energy Company Electrician
-
MAX Maintenance Landscaping General Contractor
-
Max Dryer Duct Cleaning (Bike/Boat/Book/etc) Store
-
FCS Community Management (SLC) Property Management Company Bookkeeping Service
-
HOALiving - FCS Community Management (SLC) Property Management Company Bookkeeping Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.47M
Owner & transaction history
Draper 5 LLC · 7 yrs held
Draper 5 LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-3 · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+49.4%
Commercial (general)
$3.1M
+42.7%
Medical building
$2.8M
+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
$2,165,000
Current use
RESTAURANT
$3,235,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,090,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$2,805,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$2,120,000
Change: -2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,070,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±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
$84 / 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
$75,957
Tax year 2024
Assessed value
$7,980,300
Assessed 2024
Previous assessed
$7,980,300
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,854,400
Assessed improvement
$6,125,900
Land market value
$1,854,400
Improvement market value
$6,125,900
Total market value
$7,980,300
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
YES
Cooling
YES
Buildings
2
Stories
1
Total area
29,380 SF
Lot
2.81 ac (122,404 SF)
Zoning code
C-3
APN
27-25-429-007
UPID
US86-1493296
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
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
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.81 ac
Current owner
From public records · entity-resolved
Draper 5 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 5 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
Jun 10, 2009
—
Valley Green Holdings LLC
—
Deed Of Trust
related
$6,000,000 · Svn Draper LLC
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
—
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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