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Property profile & analytics
FOR SALE
Office Spaces
10450 E Riggs Rd, Sun Lakes, AZ 85248
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-1539428
For Sale
1 / 2
$1,100,000
10450 E Riggs Rd, Sun Lakes, AZ 85248
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents two contiguous Class A medical office suites totaling 8,017 square feet, ideally situated within the Sun Lakes master-planned community in Chandler, Arizona. Units 105 and 106, currently offered as gray shell spaces, present a unique chance for build-out to suit specific medical practice needs. Unit 105 encompasses 1,991 square feet, while Unit 106 offers 2,014 square feet, allowing for flexibility
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
3.32 ac (144,666 SF)
Zoning code
C-1
APN
303-54-354
UPID
US07-1539428
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Desert Breeze Property Holdings LLC · 1 yrs held
Desert Breeze Property Holdings LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-1 · Sun Lakes, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sun Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun Lakes submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$75
Assessed 2024
Previous assessed
$75
+0.0% YoY
Land market value
$500
Total market value
$500
Applied tax rate
800,053.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Sale
Heating
NONE
Lot
3.32 ac (144,666 SF)
Zoning code
C-1
APN
303-54-354
UPID
US07-1539428
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Sun Lakes, AZ
Zoning C-1 · permitted uses
C-1 · Sun Lakes, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sun Lakes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
3.32 ac
Current owner
From public records · entity-resolved
Desert Breeze Property Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3850 E BASELINE RD STE #128, MESA, AZ 85206-4404
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
$420,000
Desert Breeze Property Holdings LLC
Valley Home Health Care LLC
Special Warranty Deed
—
May 30, 2023
—
Jc Growth Holdings LLC
—
Deed
related
$218,000 · Cdc Small Business Finance Corp
Aug 24, 2022
—
Good Sound Properties LLC
Ashfaque Saya
Warranty Deed
—
Mar 22, 2022
$1,666,678
Lhk Holdings Chandler Mesa Az LLC
Az Med Re LLC
Special Warranty Deed
—
Jun 29, 2021
—
Netzel Holdings LLC
—
Deed
related
$728,000 · Ks Statebank
May 20, 2021
$420,000
Jc Growth Holdings LLC
Pzn Holdings LLC
Special Warranty Deed
$266,000 · First Fidelity Bank
Apr 23, 2021
—
Ashfaque Saya
Tina J Jessee
Deed
related
—
Dec 10, 2019
$385,000
Valley Home Health Care LLC
Netzel Holdings LLC
Warranty Deed
$308,000 · Andre L Laibe
Jun 7, 2019
$398,200
Az Med Re LLC
Alc-gold Canyon LLC
Grant Deed
—
Aug 14, 2017
—
Wnv LLC
—
Deed
related
$355,000 · Sunwest Bank
Dec 19, 2016
—
Jessee,tina J Trust
Jessee,tina J
Quitclaim Deed
related
—
Dec 14, 2016
—
Tina J Jessee
—
Deed
related
$186,000 · Wells Fargo Bank NA
Aug 8, 2016
$710,000
Wnv LLC
Sun Lakes Sq LLC
Grant Deed
—
Jun 30, 2016
—
Mcpaige Investments LLC
—
Deed
related
$670,000 · Wells Fargo Bank NA
Apr 25, 2005
—
Sun Lakes Pv Dev Lc
Owner Name Unavailable
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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