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Property profile & analytics
OFF-MARKET
Estimated value
$16,620,000
Distribution centers
13012 Pony Expy Rd Draper, UT 84020-8400
Entity Owned
Absentee Owner
Free & Clear
Property ID
US86-0916567
Property summary
AI-generated overview
This exceptional 40,647 square foot warehouse space is ideally situated in Draper, Utah, offering unparalleled access to Interstate 15. Located at 13012 Pony Express Road, this single-tenant property within the Summit Commerce Center, Building 2, boasts a total building size of 253,825 square feet. The warehouse features a substantial 30-foot ceiling height, providing ample vertical space for storage and operations. Its convenient location in Salt Lake County, with easy access to major transportation arteries, makes it an attractive option for businesses requiring efficient logistics and distribution capabilities. The property's address is 13012 Pony Express Road, Draper, UT 84020, and is easily accessible via the nearby Pony Express Road cross street. This sublease opportunity presents a significant chance to secure a well-located, spacious warehouse in a thriving Utah market. The available space is 40,647 square feet, perfect for a variety of industrial uses. This is a prime opportunity for businesses seeking a strategic location with excellent highway access.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2021
Total area
255,928 SF
Lot
14.9 ac (649,044 SF)
Zoning code
M-1
APN
27-36-428-005
UPID
US86-0916567
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
-
KNS International Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.73M
Blend (final)
Blend
$16.62M
Owner & transaction history
EXETER DRAPER LAND LLC
EXETER DRAPER LAND LLC
Zoning & alternative use
M-1 · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$26.9M
+42.7%
Medical building
$24.4M
+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
$18,860,000
Current use
COMMERCIAL (GENERAL)
$26,915,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$24,440,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$18,460,000
Change: -2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$18,030,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$16.62M
Range $14.96M – $18.28M · ±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
$65 / 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
$482,764
Tax year 2024
Assessed value
$50,721,200
Assessed 2024
Previous assessed
$50,721,200
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$7,351,400
Assessed improvement
$43,369,800
Land market value
$7,351,400
Improvement market value
$43,369,800
Total market value
$50,721,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2021
Heating
SPACE
Stories
1
Total area
255,928 SF
Lot
14.9 ac (649,044 SF)
Zoning code
M-1
APN
27-36-428-005
UPID
US86-0916567
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Draper, UT
Zoning M-1 · permitted uses
M-1 · 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
$18.9M
COMMERCIAL (GENERAL)
Est. value
$26.9M
MEDICAL BUILDING
Est. value
$24.4M
RETAIL STORES
Est. value
$18.5M
AUTO REPAIR, GARAGE
Est. value
$18.0M
WAREHOUSE, STORAGE Current
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
2021
Heating
SPACE
Stories
1
Lot
14.9 ac
Current owner
From public records · entity-resolved
EXETER DRAPER LAND LLC
Entity
Free & Clear · 0 yrs held
Mailing address
100 W MATSONFORD RD, RADNOR, PA 19087-4558
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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