1111 Draper PkwyDraper, UT 84020
- Mixed-use properties
- 37,548 SF
Property Details for 1111 Draper Pkwy
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 1.92 AC
- Property size (Sq ft)
- 37,548 SF
- Zone code
- CC
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 28-29-401-014
- APU
- 2829401014
Description
This exceptional three-story office building, located at 1111 E Draper Pkwy, Draper, UT 84020, offers a prime opportunity for businesses seeking flexible and modern workspace. The 38,250 square foot building, constructed in 2001 and renovated in 2018, boasts a Class B rating and features a mix of traditional and executive office suites. Multiple tenancy options are available, ranging from 1,717 square feet to a maximum contiguous space of 12,750 square feet. A total of six suites are available within the building, with 13,578 square feet currently vacant. The property sits on three acres of land and includes convenient amenities such as covered parking and building signage opportunities. Its strategic location is just 1.5 miles from the I-15 corridor, providing easy access to major transportation routes. Furthermore, its proximity to the award-winning Treehouse Athletic Club adds to its appeal. Lease rates start at $22 per square foot, full-service. The building is equipped with elevators. This is an excellent opportunity to establish a presence in a thriving Draper business community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,300,284
- 6.5%
- $11,354,108
- 7%
- $10,543,101
-
Comparable approach
- Method
- Valuation
- Relative Method
- $11,660,250
- Geo Method
- $11,660,250
-
Alternative Use
- Use
- Valuation
- Residential
- $11,354,108
- Hospitality
- $10,400,302
- Educational
- $8,652,929
- Medical
- $8,950,517
- Retail
- $13,460,112
Location Insight
- City
- Draper
- County
- Salt Lake
- State
- Utah
- Latitude
- 40.5292
- Longitude
- -111.858
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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