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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    61 13490th S Draper, UT 84020-7205

    • Investment properties
    • 35,912 SF
    • 2.09 lot acres
    OFF-MARKET
    Last Sale
    Jun 04, 2020
    Value Estimations
    $4,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0704913
    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.

    Current Use by Public Records

    • Elite Carpal Tunnel Center / Physician / Medical Clinic
    • Retirement Health Services / Insurance Agency
    • Elite Carpal Tunnel / Medical Clinic / Hospital
    • A+ Medicare & Senior Benefits / Insurance Agency

    Property Details for 61 13490th S

    Year built
    2014
    Lot size
    2.09 lot acres
    Property size
    35,912 SF
    Zone code
    DC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    33-01-228-013
    APU
    3301228013

    Description

    The Interchange Building II, a prestigious Class A office building in Draper, Utah, offers exceptional leasing opportunities. Built in 2016, this two-story building boasts a total of 51,600 square feet, situated on a generous 2.09-acre lot at 61 W 13490 S, 84020. Currently, there is 17,500 square feet of vacant space available, perfect for businesses seeking executive or traditional office environments. The building accommodates multiple tenants and offers flexible space options, with a minimum divisible space of 0 square feet and a maximum contiguous space of 5,802 square feet. This allows for customization to suit various business needs, from small startups to larger corporations. The location in Draper provides easy access to major transportation routes and amenities, making it an ideal location for any business. Experience the benefits of a modern, well-maintained Class A office space with competitive lease rates. This is a unique opportunity to secure prime office space in a thriving Utah community. Contact us today to learn more about leasing options and explore the possibilities of establishing your business in this exceptional building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,562,000
      Market price range: $1.35M - $5.51M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,775,000
      Current use
      RESTAURANT
      $3,955,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $3,430,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Draper
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.893
    Latitude
    40.5057
    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
    $77,217
    $1,707,000
    $6,346,500
    $8,053,500
    -
    $1,707,000
    $6,346,500
    $8,053,500

    Comparable in this City

    • Value Estimation
      $1,445,000
      21,876 SF

      134 13100th S

      STORE/OFFICE (MIXED USE) • 21,876 SF
      134 13100th S, Draper, UT 84020-9224
      View Details
    • Value Estimation
      $1,980,000
      26,852 SF

      172 14075th S

      STORE/OFFICE (MIXED USE) • 26,852 SF
      172 14075th S, Draper, UT 84020-5725
      View Details
    • Value Estimation
      $4,460,000
      37,038 SF

      14034 145th E

      STORE/OFFICE (MIXED USE) • 37,038 SF
      14034 145th E, Draper, UT 84020-5755
      View Details
    • Value Estimation
      $570,000
      11,221 SF

      12235 800th E

      STORE/OFFICE (MIXED USE) • 11,221 SF
      12235 800th E, Draper, UT 84020-9726
      View Details
    • Value Estimation
      $2,970,000
      52,700 SF

      11734 Election Rd

      STORE/OFFICE (MIXED USE) • 52,700 SF
      11734 Election Rd, Draper, UT 84020-6802
      View Details
    • Value Estimation
      $3,595,000
      74,562 SF

      11850 Election Rd

      STORE/OFFICE (MIXED USE) • 74,562 SF
      11850 Election Rd, Draper, UT 84020-6814
      View Details

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    Similar Nearby for Lease

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      Draper Office Space For Rent

      Office space for lease in Draper, Utah.
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      View Details
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    61 13490th S
    Draper, UT 84020-7205
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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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