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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Strip malls
196 12300th S Draper, UT 84020-8089
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0593910
Property summary
AI-generated overview
This exceptional retail opportunity presents 6,441 square feet of vacant space within the Lone Peak Retail Center, a well-maintained anchorless strip center located at 196 West 12300 South in Draper, Utah, zip code 84020. Built in 2008, the center sits on a 2.16-acre lot and offers a total of 16,058 square feet of retail space. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 1,441 square feet to a maximum contiguous space of 5,000 square feet. This presents a unique chance for businesses seeking flexible and adaptable retail space in a thriving Draper community. The property's location in Salt Lake County ensures high visibility and accessibility for customers. The center's design and layout are conducive to a variety of retail uses, making it an attractive option for a range of businesses. This is a rare opportunity to secure prime retail space in a desirable location with excellent potential for growth and success. The property is currently available for lease. Interested parties should inquire for further details and leasing information.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
WOOD FRAME
Total area
16,338 SF
Lot
2.16 ac (94,090 SF)
Zoning code
CBP
APN
27-25-401-017
UPID
US86-0593910
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
-
Subway Take-out & Catering
-
Elwood Staffing Employment Agency
-
Stretch Zone Gym & Fitness Center Alternative Medicine Practice
-
sushi bomb Restaurant
-
Dollar Loan Center Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$715k
Owner & transaction history
Price Lone Peak West LLC · 8 yrs held
Price Lone Peak West LLC
since 2018
1 recorded transaction
Zoning & alternative use
CBP · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+28.6%
Auto repair, garage
$1.2M
+25.6%
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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Current use
RETAIL STORES
$1,180,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,150,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$44 / 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
$38,346
Tax year 2023
Assessed value
$3,999,400
Assessed 2023
Previous assessed
$3,999,400
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$2,124,300
Assessed improvement
$1,875,100
Land market value
$2,124,300
Improvement market value
$1,875,100
Total market value
$3,999,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
16,338 SF
Lot
2.16 ac (94,090 SF)
Zoning code
CBP
APN
27-25-401-017
UPID
US86-0593910
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$915,000
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
2007
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.16 ac
Current owner
From public records · entity-resolved
Price Lone Peak West LLC
Entity
Mailing address
230 ES TEMPLE, SALT LAKE CITY, UT 84111-1205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2018
—
Price Lone Peak West LLC
—
Grant Deed
related
$8,500,000 · Miscellaneous Ins Co
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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