12397 300Draper, UT 84020

Property Details for 12397 300

Year built

1998

Lot size

2.29 AC

Property size (Sq ft)

17,500 SF

Zone code

CC

Property type

Investment properties

Property subtype

Retail residential properties

APN

28-30-454-023

APU

2830454023

Description

Westgate 3, located at 12397 S 300 E in Draper, Utah, 84020, presents a compelling opportunity for businesses seeking office space in Salt Lake County. This single-story, Class B building, constructed in 1998, offers a total of 17,500 square feet. Currently, there are multiple tenancies, with 2,848 square feet of vacant space available. The largest contiguous space available is 1,451 square feet, although other smaller spaces may be combined to accommodate larger needs. The building features a mix of bullpen and private office configurations, catering to diverse business requirements. Ample parking is provided for tenants and their clients. Its strategic location near Interstate 15 ensures convenient access to major transportation arteries, and the surrounding area boasts a wealth of amenities, making it an attractive location for employees and visitors alike. The property is classified as a traditional office building and is situated in a thriving area of Draper, Utah. This presents a rare opportunity to secure office space in a well-maintained building with excellent access and amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $5,732,800

  6.5%

  $5,291,816

  7%

  $4,913,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,434,494

  Geo Method

  $5,434,494

• Alternative Use

  Use

  Valuation

  Residential

  $5,291,816

  Hospitality

  $4,847,274

  Educational

  $4,032,876

  Medical

  $4,171,572

  Retail

  $6,273,362

Location Insight

City

Draper

County

Salt Lake

State

Utah

Latitude

40.5253

Longitude

-111.881

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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