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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Office buildings
10450 Riggs Rd Ste 117 Sun Lakes, AZ 85248-7760
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-1553522
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
STEEL FRAME
Total area
5,382 SF
Lot
0.04 ac (1,525 SF)
Zoning code
C-1
APN
303-54-352
UPID
US07-1553522
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
$1.18M
Blend (final)
Blend
$1.17M
Owner & transaction history
Az-3sp LLC · 13 yrs held
Az-3sp LLC
since 2012
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,165,000
Current use
MEDICAL BUILDING
$1,135,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,010,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$217 / SF
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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,590
Tax year 2022
Assessed value
$74,745
Assessed 2024
Previous assessed
$58,905
+26.9% YoY
Effective rate
4.80%
On assessed value
Land market value
$90,600
Improvement market value
$362,400
Total market value
$453,000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,382 SF
Lot
0.04 ac (1,525 SF)
Zoning code
C-1
APN
303-54-352
UPID
US07-1553522
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Sun Lakes, AZZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Az-3sp LLC
Entity
Mailing address
PO BOX 6364, SCOTTSDALE, AZ 85261-6364
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2012
$147,900
Az-3sp LLC
Sun Lakes Pv Dev Lc
Grant Deed
—
Apr 1, 2011
—
Elliot-101 Pv Dev Lc
—
Deed Of Trust
related
$1,233,702 · Dur Holdings Lc
Apr 25, 2005
—
Sun Lakes Pv Dev Lc
Owner Name Unavailable
Grant Deed
related
—
—
—
Sun Lakes Pv Dev Lc
—
Deed Of Trust
related
$112,500 · Torcy Ents LLC
—
—
Sun Lakes Pv Dev Lc
—
Deed Of Trust
related
$1,000,000 · Crh Insurance Ltd
—
—
Az-3sp LLC
—
Deed Of Trust
related
$150,000 · Western State Bank
—
—
Sun Lakes Pv Dev Lc
—
Deed Of Trust
related
$112,500 · Torcy Ents LLC
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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