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    14034 S 145 E Draper, UT 84020
    Property profile & analytics

    14034 S 145 E Draper, UT 84020

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    • Investment properties
    • 37,038 SF
    • 2.07 lot acres
    For Lease
    $4,460,000
    View Listing →
    Prime Land Ready for Development For Lease
    $4,460,000
    37,650 SF

    Prime Land Ready for Development

    2.15 acre site ideal for office or medical use.

    14034 S 145th E, Draper, UT
    View Listing
    Property ID
    US86-0330748
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CarrierSales / Telecommunications Service
    • Tower Arch Capital / Financial Advisor
    • Traverse Advisors at C21 Everest / Real Estate Agency
    • Vizion Landscaping / Landscaping / (Bike/Boat/Book/etc) Store

    Property Details for 14034 S 145 E

    Year built
    2015
    Lot size
    2.07 lot acres
    Property size
    37,038 SF
    Zone code
    CR
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    34-06-351-035
    APU
    3406351035

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,882,000
      Market price range: $1.40M - $5.68M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,895,000
      Current use
      RESTAURANT
      $4,080,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $3,535,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.887
    Latitude
    40.4966
    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
    $84,148
    $2,141,500
    $6,634,900
    $8,776,400
    -
    $2,141,500
    $6,634,900
    $8,776,400

    Comparable in this City

    • Value Estimation
      $14,775,000
      127,420 SF

      261 Data Dr

      STORE/OFFICE (MIXED USE) • 127,420 SF
      261 Data Dr, Draper, UT 84020-2315
      View Details
    • Value Estimation
      $680,000
      12,748 SF

      12222 1000th E

      STORE/OFFICE (MIXED USE) • 12,748 SF
      12222 1000th E, Draper, UT 84020-8278
      View Details
    • Value Estimation
      $1,930,000
      26,434 SF

      154 14075th S

      STORE/OFFICE (MIXED USE) • 26,434 SF
      154 14075th S, Draper, UT 84020-5738
      View Details
    • Value Estimation
      $17,045,000
      145,920 SF

      13707 200th W

      STORE/OFFICE (MIXED USE) • 145,920 SF
      13707 200th W, Draper, UT 84020-2442
      View Details
    • Value Estimation
      $915,000
      18,598 SF

      11629 700th E

      STORE/OFFICE (MIXED USE) • 18,598 SF
      11629 700th E, Draper, UT 84020-8376
      View Details
    • Value Estimation
      $2,175,000
      18,251 SF

      13968 Bangerter Pkwy

      STORE/OFFICE (MIXED USE) • 18,251 SF
      13968 Bangerter Pkwy, Draper, UT 84020-5459
      View Details

    Similar Nearby for Sale

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      0.40 Acres

      Residential Land in Draper, Utah

      Land for sale in a neighborhood with luxury homes.
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    • $1,995,000
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      Draper Restaurant with Mountain Views

      Turnkey restaurant opportunity in Draper, Utah with mountain views.
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    • $525,000
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      Draper Land with Panoramic Views

      0.90-acre lot with unobstructed views in Suncrest community.
      1349 E Elk Glen Dr N, Draper, UT 84020
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    • $800,000
      Pending

      Land For Sale in Draper

      Land available in Salt Lake County, Draper, Utah.
      12525 S 1300 E, Draper, UT 84020
      View Details
    • Contact for pricing

      Land Adjacent to Bangerter Hwy

      Prime corner lot suitable for gas station or retail.
      13657 S 600 W, Draper, UT 84020
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    • $421,700

      Land For Sale in Draper

      Land available in Draper, Utah.
      14743 S Shortcut Dr E 27, Draper, UT 84020
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      24,494 SF

      Draper Executive Office Space

      7,649 SF Office Suite Available
      13894 Bangerter Pkwy, Draper, UT 84020
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent in Draper, Utah. 360 Tour Available.
      132 E 13065 S, Draper, UT 84020
      View Details
    • Contact for pricing

      Retail Space Available in Draper

      Retail ground level complex with space available for rent.
      12358 Pony Express Rd, Draper, UT 84020
      View Details
    • Contact for pricing

      Draper Office and Retail Space

      Office, retail, and flex spaces available for lease.
      12159 Business Park Dr, Draper, UT 84020
      View Details
    • $24 SF/Yr
      5,560 SF

      Class A Building For Rent

      80,000 square-foot Class A building in convenient location.
      96 Kimballs Ln, Draper, UT 84020
      View Details
    View Listing
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    Draper, UT 84020
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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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