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    12350 900th E Draper, UT 84020-9317
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    Property profile & analytics

    12350 900th E, Draper, UT 84020-9317

    View on Map
    • Strip malls
    • 10,781 SF
    • 0.89 lot acres
    Off-Market
    Property ID
    US86-0445608
    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
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Heighten Vitality / Gym & Fitness Center / Alternative Medicine Practice
    • Myesha Dumpster Rental of Draper / Waste Management Facility / Hazardous Waste Disposal

    Property Details for 12350 900th E

    Year built
    2002
    Construction
    WOOD FRAME
    Lot size
    0.89 lot acres
    Zone code
    CN
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    28-29-310-030
    APU
    2829310030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 5, 2018 — Main Street Plaza Props LLC — Deed · related $848k · Bank Of The West
    Oct 5, 2001 — Main Street Plaza Properties Thornton,randall & Gwen Quit Claim Deed · related $1.3M · Community First National Bank
    Jul 21, 1998 — Randall Thornton Lewis,gary K & Laura L Grant Deed $244k · First Security Bank
    Apr 23, 1996 — Gary K Lewis Kimble,steven C & Sallee K Grant Deed $230k · Draper Bank & Trust
    — — Gary K Lewis — Deed Of Trust · related $35k · Draper Bank & Trust
    — — Main Street Plaza Props LLC — Deed Of Trust · related $848k · Bank Of The West

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $498,000
      Market price range: $479k - $781k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $605,000
      Current use
      WAREHOUSE, STORAGE
      $795,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $780,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $760,000
      Change: +26% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.867
    Latitude
    40.5262
    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
    2023
    $23,609
    $850,800
    $1,611,600
    $2,462,400
    -
    $850,800
    $1,611,600
    $2,462,400

    Comparable in this City

    • Value Estimation
      $715,000
      16,338 SF

      196 12300th S

      SHOPPING CENTER, STRIP CENTER
      196 12300th S, Draper, UT 84020-8089
      View Details
    • Value Estimation
      $665,000
      15,240 SF

      12340 450th E

      SHOPPING CENTER, STRIP CENTER
      12340 450th E, Draper, UT 84020-8154
      View Details
    • Value Estimation
      $875,000
      10,360 SF

      153 12300th S

      SHOPPING CENTER, STRIP CENTER
      153 12300th S, Draper, UT 84020-8099
      View Details
    • Value Estimation
      $705,000
      13,132 SF

      1223 Draper Pkwy

      SHOPPING CENTER, STRIP CENTER
      1223 Draper Pkwy, Draper, UT 84020-9024
      View Details
    • Value Estimation by Request
      10,633 SF

      12234 Draper Gate Dr

      SHOPPING CENTER, STRIP CENTER
      12234 Draper Gate Dr, Draper, UT 84020-8078
      View Details
    • Value Estimation by Request
      4,182 SF

      592 12300th A S Ste A

      SHOPPING CENTER, STRIP CENTER
      592 12300th A S Ste A, Draper, UT 84020-7871
      View Details

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      Profitable car wash with diverse revenue streams in affluent Draper.
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    • $1,995,000
      0.45 Acres

      Draper Restaurant with Mountain Views

      Turnkey restaurant opportunity in Draper, Utah with mountain views.
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      Land Adjacent to Bangerter Hwy

      Prime corner lot suitable for gas station or retail.
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      Land For Sale in Draper

      Land available in Draper, Utah.
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      New Office Building For Sale

      Office building in a residential area with high demographics.
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    Similar Nearby for Lease

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      1,292 SF

      Retail Endcap Space Available

      1,292 SF retail space with easy highway access.
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      2,200 SF

      Retail Pad Site Available

      Freestanding and multi-tenant pads available in high-growth area.
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      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

      Car Wash For Lease

      Car wash property available for lease in Draper, Utah.
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    • Contact for pricing
      48,571 SF

      Retail Space with Outdoor Area

      Available retail space with easy access and outdoor display area.
      1055 E Draper Pkwy, Draper, UT 84020
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    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in South Salt Lake.
      Draper, UT 84020
      View Details
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    Draper, UT 84020-9317
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    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
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