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Property profile & analytics
OFF-MARKET
Estimated value
$7,475,000
Investment properties
170 Election Rd Draper, UT 84020-6400
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US86-0689982
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,050 SF
Lot
7.14 ac (311,018 SF)
Zoning code
CBP
APN
27-25-201-003
UPID
US86-0689982
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
-
CHEVRON BILLING Restaurant
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Taylormade Awning Building Supply Hardware & Home Improvement
-
Accela, Inc. Corporate Office
-
Consumer First Financial LLC Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.32M
Blend (final)
Blend
$7.48M
Owner & transaction history
Harbert Msb Lone Peak Campus L · 11 yrs held
Harbert Msb Lone Peak Campus L
since 2015
6 recorded transactions
Zoning & alternative use
CBP · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+4.7%
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
COMMERCIAL (GENERAL)
$6,105,000
Current use
RESTAURANT
$6,395,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$5,545,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$7.48M
Range $6.73M – $8.22M · ±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
$129 / 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
$180,706
Tax year 2023
Assessed value
$18,801,300
Assessed 2023
Previous assessed
$18,801,300
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$7,464,400
Assessed improvement
$11,336,900
Land market value
$7,464,400
Improvement market value
$11,336,900
Total market value
$18,801,300
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
58,050 SF
Lot
7.14 ac (311,018 SF)
Zoning code
CBP
APN
27-25-201-003
UPID
US86-0689982
Jurisdiction
SALT LAKE
Zoning & alternative use
CBP · Draper, UT
Zoning CBP · permitted uses
CBP · 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
COMMERCIAL (GENERAL) Current
Est. value
$6.1M
RESTAURANT
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$5.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
7.14 ac
Current owner
From public records · entity-resolved
Harbert Msb Lone Peak Campus L
Individual
Mailing address
11778 S ELECTION RD STE #260, DRAPER, UT 84020-6808
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
—
X Wh Redf2 Tse Lonepark Propco LLC
—
Deed
related
$34,790,000 · Citibank NA
Nov 16, 2018
—
Harbert Msb Lone Peak Campus L
—
Grant Deed
related
$78,000,000 · Ored II Fin Sub-holding 2 LLC
Apr 15, 2015
—
Harbert Msb Lone Peak Campus L
Arden Realty LP
Trustees Deed
$57,500,000 · General Elec Cap
Aug 16, 2007
—
Arden Realty
Carr Np Properties LLC
Grant Deed
related
—
Aug 15, 2006
—
Carr Np Properties LLC
Carramerica Realty
Quit Claim Deed
—
—
—
Draper Park North Lc
—
Deed Of Trust
related
$13,000,000 · Teachers Insurance & Annuity
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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