Address
856 E 12300 S # 5-8, Draper, UT
Price
$ 2,352,000
Property Attributes
- MLS#2173446
- TypeCommercial
- Listing Status Under Contract
- CountyUTAH
- CityDraper
- AreaAlpine
- Zip84020
- Style
- Year Built1996
- Taxes$ 14475
- Price$ 2,352,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5040
- Lot Size0.48 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
Discover 856 E 12300 S, a fully remodeled 5,040-square-foot office building located in a highly visible, high-traffic corridor in the heart of Downtown Draper. Offered at a 6.00% cap rate, this fully leased investment presents an excellent opportunity for investors seeking stable cash flow or a 1031 exchange property. The property is 100% leased to Headwaters Construction under a long-term triple-net (NNN) lease, providing predictable income with minimal landlord responsibilities. The building features 15 private offices, two conference rooms, two upgraded kitchens/break rooms, two restrooms, a welcoming reception area, and two large open areas ideal for cubicles, collaborative workstations, or team gathering spaces. Having undergone a complete renovation, the property offers a modern office environment with minimal anticipated near-term capital expenditures. Additional amenities include air conditioning, central heating, abundant natural light, monument signage, wheelchair accessibility, and convenient access to nearby public transit. Situated on a 0.48-acre parcel, the property includes 29 on-site parking spaces and enjoys exposure to more than 25,000 vehicles per day. The surrounding area features a strong mix of national and local retailers, restaurants, and professional service providers, creating a vibrant business environment. Immediate access to Interstate 15 provides convenient connectivity throughout the Salt Lake Valley, with Salt Lake City approximately 20 miles north and Provo approximately 29 miles south. The property is also located near both Draper Town Center Station and Kimball Lane Station, enhancing commuter accessibility. The surrounding trade area is home to more than 756,000 residents, with approximately 39% holding a college degree. Average household incomes exceed $140,000, and the market generates more than $10.3 billion in annual consumer spending, supporting long-term office demand in one of Utah's strongest demographic markets. 856 E 12300 S offers investors the rare combination of a long-term NNN lease, stable cash flow, 6.00% cap rate, a highly functional office layout, and an exceptional Draper location, making it a premier office investment opportunity in one of the Wasatch Front's fastest-growing commercial corridors.
| Price History | |
|---|---|
| 7/22/2026 | Listed $2,352,000 |
General Features
| Heating | Forced Air,Natural Gas |
|---|---|
| Cooling | Central Air |
| Roof | Asphalt |
| Zoning | Commercial |
| Security Features | Security System |
| Year Built | 1996 |
| Unit Number | 5-8 |
| Property Subtype | Office |
| Current Use | Office |
| Accessibility | Fully Accessible,Ground Level,Accessible Entrance,Customized Wheelchair Accessible,Accessible Full Bath |
| County | Utah |
| New Construction | No |
| Property Type | Commercial Sale |
| HOA | No |
| Attached Garage | No |
| Facing Direction | South |
| Garage Y/N | No |
| Status | Under Contract |
| City | Draper |
| Senior Community Y/N | No |
| Zoning Description | CN |
| MLS Area | Alpine |
| Lot Size Units | Acres |
| Lot Size Square Feet | 20908.8 |
| Carport Y/N | No |
| Listing Terms | Cash,Commercial Fin. Req.,Conventional,Exchange |
| Property Attached Y/N | No |
| Tax Annual Amount | 14475.0 |
| Home Warranty Y/N | No |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Pending |
| PostalCity | Draper |
| ADU | No |
Interior Features
| Interior Amenities | Alarm: Fire,Alarm: Security,Dishwasher,Kitchen,Video Camera(s),Smart Thermostat(s) |
|---|---|
| Flooring | Tile |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds |
| Fireplace Y/N | No |
Exterior Features
| Exterior Amenities | Paved Parking |
|---|---|
| Lot Size Area | 0.48 |
| Spa | No |
| Building Area Total | 5040.0 |
| Lot Dimensions | 0.0x0.0x0.0 |
| BuyerOfficeFax | 801-794-9904 |
| Lot Size Acres | 0.48 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| Horse Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 84020
Price
Taxes
Year Built
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
