Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    473 13490th S Draper, UT 84020-7206
    Back to Search
    Property profile & analytics

    473 13490th S, Draper, UT 84020-7206

    View on Map
    • Hotels
    • 88,354 SF
    • 2.91 lot acres
    Off-Market
    Property ID
    US86-0879916
    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
    $3,400,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Homewood Suites by Hilton Salt Lake City Draper / Hotel & Motel / Vacation Rental

    Property Details for 473 13490th S

    Year built
    2016
    Lot size
    2.91 lot acres
    Zone code
    DC
    Property type
    Hotels
    Property subtype
    Motels
    APN
    33-01-176-001
    APU
    3301176001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 17, 2019 — Draper Hotel Holdings LLC — Deed · related $10.1M · Us Bk
    Jan 12, 2017 — Veranda Holdings LP Veranda Holdings LP Quit Claim Deed · related $25.5M · Housing & Cmnty Dev Dept
    Sep 15, 2016 — Veranda Holdings LP Draper West Retail LLC Trustees Deed $21.5M · Housing & Cmnty Dev Dept
    Aug 18, 2016 — Mountain West Capital Ptrs LLC Draper City Grant Deed · related —
    — — Draper Hotel Holdings LLC — Loan Modification · related $10.1M · Us Bk
    — — Veranda Holdings LP — Loan Modification · related $25.5M · Housing & Cmnty Dev Dept

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.905
    Latitude
    40.5034
    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
    $100,664
    $2,376,800
    $8,122,200
    $10,499,000
    -
    $2,376,800
    $8,122,200
    $10,499,000

    Comparable in this City

    • Value Estimation
      $1,475,000
      32,615 SF

      12033 State St

      HOTEL/MOTEL
      12033 State St, Draper, UT 84020-9490
      View Details
    • Value Estimation
      $2,530,000
      57,607 SF

      13690 100th E

      HOTEL/MOTEL
      13690 100th E, Draper, UT 84020-7998
      View Details
    • Value Estimation
      $2,845,000
      71,388 SF

      13711 200th W

      HOTEL/MOTEL
      13711 200th W, Draper, UT 84020-2441
      View Details
    • Value Estimation
      $1,105,000
      22,404 SF

      12605 Minuteman Dr

      HOTEL/MOTEL
      12605 Minuteman Dr, Draper, UT 84020-8698
      View Details
    • Value Estimation
      $1,660,000
      36,898 SF

      12117 State St

      HOTEL/MOTEL
      12117 State St, Draper, UT 84020-7740
      View Details
    • Value Estimation
      $2,985,000
      76,161 SF

      12111 State St

      HOTEL/MOTEL
      12111 State St, Draper, UT 84020-7734
      View Details

    Similar Nearby for Sale

    • $443,900

      Land For Sale in Draper

      Land available in Draper, Utah.
      14724 S Canyon Peak Dr E 24, Draper, UT 84020
      View Details
    • $3,349,000

      New Office Building For Sale

      Office building in a residential area with high demographics.
      11639 South St East, Draper, UT 84020
      View Details
    • New
      Contact for pricing
      5,800 SF

      Retail/Warehouse Investment Property

      Fully leased NNN retail/warehouse with two tenants and ample on-site parking for durable operating stability.
      12270 S 700 E, Draper, UT 84020
      View Details
    • Contact for pricing
      3,156 SF

      Established Car Wash Business Opportunity

      Profitable car wash with diverse revenue streams in affluent Draper.
      821 E 12300 S, Draper, UT 84020
      View Details
    • $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
      View Details
    • $1,995,000
      0.45 Acres

      Draper Restaurant with Mountain Views

      Turnkey restaurant opportunity in Draper, Utah with mountain views.
      14886 S Traverse Rd, Draper, UT 84020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,287 SF

      Prime Draper Industrial Land

      12.87 Acres, I-15 Frontage, Flexible Lease Options
      15567 Minuteman Dr, Draper, UT 84020
      View Details
    • Contact for pricing

      Class A Office Building Space

      Premier office building with full floors available for lease.
      380 W Data Dr, Draper, UT 84020
      View Details
    • Contact for pricing
      1,292 SF

      Retail Endcap Space Available

      1,292 SF retail space with easy highway access.
      129 E 13800 S, Draper, UT 84020
      View Details
    • 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
      3,000 SF

      Draper Office Space Available

      3,000 SF office space with excellent access and visibility.
      12198 S State St, Draper, UT 84020
      View Details
    • Sponsored
      Contact for pricing

      Draper Center

      Discover many ways to work your way in Draper Center
      13894 Bangerter Pkwy, Draper, UT 84020
      View Details

    Property Visit Statistics

    • Visits by month
      7.2k
    • Visitors by month
      3.4k
    • Avg Time on site
      448 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    473 13490th S
    Draper, UT 84020-7206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    473 13490th S, Draper, UT, 84020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!