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Property profile & analytics
FOR LEASE
Investment properties
12401 S 450 E Draper, UT 84020
Individually Owned
27-yr Hold
Free & Clear
Property ID
US86-0321687
For Lease
1 / 32
Contact for pricing
12401 S 450 E, Draper, UT 84020
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Property summary
AI-generated overview
This exceptional 112 sq ft executive office suite is located in a well-maintained Class B building in Draper's desirable submarket, offering convenient access to I-15. Situated on the second floor of a two-story building (built and renovated in 1997), this single-tenant space boasts new interior office doors and a shared waiting area. The 3,840 sq ft building sits on 0.27 acres and features ample parking for tenants. A shared kitchen adds convenience. The suite is ideal for a variety of professional uses, excluding massage therapy and nail technician services. The space is immediately available with a minimum one-year lease term at a monthly rent of $650. The building does not have elevators. This is a fantastic opportunity for a small business or individual professional seeking a well-located, move-in ready office space in a thriving Salt Lake County community. The building has a floor area ratio (FAR) of 0.33.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1997
Construction
WOOD FRAME
Total area
3,840 SF
Lot
1.92 ac (83,635 SF)
Zoning code
CC
APN
28-30-456-015
UPID
US86-0321687
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
-
Gilson Engineering Civil Engineer Civil Engineering Company
-
Royle Counseling Counselor
-
Advance Insurance Insurance Agency
-
Lake City Funding Loan Service Bank
-
Ridgeline Financial Inc. Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
PIONEER OFFICE PARK
PIONEER OFFICE PARK
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Assessed value
$4,000
Assessed 2023
Previous assessed
$4,000
+0.0% YoY
Assessed land
$500
Assessed improvement
$3,500
Land market value
$500
Improvement market value
$3,500
Total market value
$4,000
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
1997
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
3,840 SF
Lot
1.92 ac (83,635 SF)
Zoning code
CC
APN
28-30-456-015
UPID
US86-0321687
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
1997
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
1.92 ac
Current owner
From public records · entity-resolved
PIONEER OFFICE PARK
Individual
Free & Clear · 0 yrs held
Mailing address
847 E 500TH N, OREM, UT 84097-4285
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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