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Property profile & analytics
OFF-MARKET
Estimated value
$24,805,000
Investment properties
13855 Minuteman Dr Draper, UT 84020
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-1349451
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2019
Total area
131,905 SF
Lot
7.15 ac (311,454 SF)
Zoning code
CO2
APN
34-06-301-007
UPID
US86-1349451
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.36M
Comparable Approach
Comparable
$20.24M
Blend (final)
Blend
$24.81M
Owner & transaction history
Ld Bowerman Investments LLC · 1 yrs held
Ld Bowerman Investments LLC
since 2024
2 recorded transactions
Zoning & alternative use
CO2 · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$31.7M
+128.6%
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%
$31,810,000
6.5%
$29,360,000
7%
$27,265,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$31,710,000
Change: +129% · Conversion: Moderate
Blend value · Realmo final
$24.81M
Range $22.32M – $27.29M · ±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
$188 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$347,506
Tax year 2023
Assessed value
$51,433,600
Assessed 2024
Previous assessed
$51,433,600
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$5,139,000
Assessed improvement
$46,294,600
Land market value
$5,139,000
Improvement market value
$46,294,600
Total market value
$51,433,600
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
Off-Market
Year built
2019
Heating
HOT WATER
Buildings
4
Stories
4
Total area
131,905 SF
Lot
7.15 ac (311,454 SF)
Zoning code
CO2
APN
34-06-301-007
UPID
US86-1349451
Jurisdiction
SALT LAKE
Zoning & alternative use
CO2 · Draper, UT
Zoning CO2 · permitted uses
CO2 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$31.7M
APARTMENT HOUSE (5+ UNITS)
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
2019
Heating
HOT WATER
Stories
4
Buildings
4
Lot
7.15 ac
Current owner
From public records · entity-resolved
Ld Bowerman Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
13961 S MINUTEMAN DR STE #350, DRAPER, UT 84020-8086
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Ld Bowerman Investments LLC
Ld Bowerman Investments LLC
Intrafamily Transfer
related
—
Jan 26, 2021
—
Ld Bowerman Investments LLC
—
Deed
related
$22,400,000 · Life Insurance Company Of The Southwest
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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