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Property profile & analytics
OFF-MARKET
Estimated value
$6,970,000
Grocery and convenience stores
148 12300th S Draper, UT 84020-7964
Individually Owned
16-yr Hold
Free & Clear
Property ID
US86-0569720
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,922 SF
Lot
13.55 ac (590,238 SF)
Zoning code
CSD
APN
28-30-376-096
UPID
US86-0569720
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
-
Rumbi Island Grill Restaurant
-
Jimmy John's Take-out & Catering
-
Auntie Anne's Bakery Specialty Food Shop
-
Jamba Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Pizza Hut Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.92M
Blend (final)
Blend
$6.97M
Owner & transaction history
Inland Diversified Draper Crossing · 16 yrs held
Inland Diversified Draper Crossing
since 2010
3 recorded transactions
Zoning & alternative use
CSD · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+52.7%
Commercial (general)
$6.3M
+45.8%
Medical building
$5.7M
+32.4%
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
RETAIL STORES
$4,320,000
Current use
RESTAURANT
$6,600,000
Change: +53% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,300,000
Change: +46% · Conversion: Easy
MEDICAL BUILDING
$5,720,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,415,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,220,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$6.97M
Range $6.27M – $7.67M · ±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
$116 / 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
$331,395
Tax year 2023
Assessed value
$34,563,500
Assessed 2023
Previous assessed
$34,563,500
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$10,122,600
Assessed improvement
$24,440,900
Land market value
$10,122,600
Improvement market value
$24,440,900
Total market value
$34,563,500
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
9
Stories
1
Total area
59,922 SF
Lot
13.55 ac (590,238 SF)
Zoning code
CSD
APN
28-30-376-096
UPID
US86-0569720
Jurisdiction
SALT LAKE
Zoning & alternative use
CSD · Draper, UT
Zoning CSD · permitted uses
CSD · 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
RETAIL STORES Current
Est. value
$4.3M
RESTAURANT
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Lot
13.55 ac
Current owner
From public records · entity-resolved
Inland Diversified Draper Crossing
Individual
Free & Clear · 16 yrs held
Mailing address
30 S MERIDIAN ST STE #1100, INDIANAPOLIS, IN 46204-3565
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2010
—
Inland Diversified Draper Crossing
Draper Crossing I Lc
Special Warranty Deed
—
Jul 29, 2003
—
Utah Dept Of Transportation
Draper Crossing I LLC
Grant Deed
related
—
—
—
Draper Crossing I Lc
—
Deed Of Trust
related
$16,250,000 · Cibc INC
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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