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    15567 Minuteman Dr Draper, UT 84020
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    Property profile & analytics

    15567 Minuteman Dr, Draper, UT 84020

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    • Warehouses
    • 38,212 SF
    • 8.50 lot acres
    For Lease
    View Listing →
    Prime Draper Industrial Land For Lease
    Contact for pricing

    Prime Draper Industrial Land

    12.87 Acres, I-15 Frontage, Flexible Lease Options

    15567 Minuteman Dr, Draper, UT 84020
    View Listing
    Property ID
    US86-0701806
    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
    $1,520,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 15567 Minuteman Dr

    Year built
    1976
    Construction
    STEEL FRAME
    Lot size
    8.50 lot acres
    Zone code
    M2
    Property type
    Warehouses
    APN
    33-13-300-012
    APU
    3313300012

    Description

    This exceptional industrial property in Draper, Utah, presents a unique opportunity. The site encompasses approximately 12.87 acres of land zoned M-2 (Manufacturing), offering significant flexibility for various industrial uses. The property boasts approximately 1,000 feet of frontage along I-15, providing unparalleled visibility and convenient access to major transportation arteries. A substantial 38,287 square foot building is included. The property is comprised of three parcels (APN: 33-14-400-005: 1.41 Acres / 33-23-200-001: 2.96 Acres / 33-13-300-012: 8.5 Acres) located at 15567 South Minuteman Drive, Draper, UT 84020 in Salt Lake County. Lease options are highly adaptable

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,797,000
      Market price range: $1.05M - $4.54M

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

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.91
    Latitude
    40.4648
    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
    2024
    $54,084
    $1,501,600
    $4,294,600
    $5,796,200
    -
    $1,501,600
    $4,294,600
    $5,796,200

    Comparable in this City

    • Value Estimation
      $1,505,000
      12,248 SF

      13552 110th W

      WAREHOUSE, STORAGE
      13552 110th W, Draper, UT 84020-2401
      View Details
    • Value Estimation
      $1,545,000
      29,600 SF

      438 12300th S

      WAREHOUSE, STORAGE
      438 12300th S, Draper, UT 84020-7314
      View Details
    • Value Estimation
      $7,255,000
      64,862 SF

      250 12300th S

      WAREHOUSE, STORAGE
      250 12300th S, Draper, UT 84020-8080
      View Details
    • Value Estimation
      $1,490,000
      11,730 SF

      106 13200th S

      MINI-WAREHOUSE, STORAGE
      106 13200th S, Draper, UT 84020-8954
      View Details
    • Value Estimation
      $14,995,000
      125,684 SF

      13672 200th W

      WAREHOUSE, STORAGE
      13672 200th W, Draper, UT 84020
      View Details
    • Value Estimation
      $1,625,000
      35,595 SF

      12379 265th W

      WAREHOUSE, STORAGE
      12379 265th W, Draper, UT 84020-8176
      View Details

    Similar Nearby for Sale

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      Land available in Draper, Utah.
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    • $299,000
      0.40 Acres

      Residential Land in Draper, Utah

      Land for sale in a neighborhood with luxury homes.
      1492 E Meadow Bluff Ln, Draper, UT 84020
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    • $525,000
      0.90 Acres

      Draper Land with Panoramic Views

      0.90-acre lot with unobstructed views in Suncrest community.
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    • $800,000
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      Land For Sale in Draper

      Land available in Salt Lake County, Draper, Utah.
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    Similar Nearby for Lease

    • Contact for pricing
      3,745 SF

      Draper Office/Warehouse Space Available

      Office/warehouse space with premium exposure and convenient highway access.
      12382 Gateway Park Pl, Draper, UT 84020
      View Details
    • Contact for pricing

      Draper Flex Space Available

      25,742 SF flex space with warehouse and office areas.
      12577 S 265 W, Draper, UT 84020
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      5,524 SF

      Draper Flex Space Available

      4,170 SF flex space with versatile commercial zoning.
      1006 E Draper Pkwy, Draper, UT 84020
      View Details
    • Contact for pricing

      Draper Office Warehouse Flex Space

      Versatile flex space ideal for various business operations.
      8-78 W 13775 S, Draper, UT 84020
      View Details
    • Contact for pricing
      20,869 SF

      Draper Warehouse Space Available

      Modern warehouse with truck court and clerestory windows.
      271 W 12800 S, Draper, UT 84020
      View Details
    • Contact for pricing
      13,186 SF

      Draper Flex Space Available

      Flex space with office and warehouse potential near I-15.
      12351 Gateway Park Pl, 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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