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Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Warehouses
10812 Bullard Ave, Surprise, AZ 85379-6341
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-1787384
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
8,800 SF
Lot
10.33 ac (449,994 SF)
Zoning code
PAD
APN
501-39-983H
UPID
US07-1787384
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
$3.15M
Blend (final)
Blend
$3.09M
Owner & transaction history
Trinchero Arizona Properties LLC · 6 yrs held
Trinchero Arizona Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
PAD · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.9M
+117.0%
Medical building
$2.3M
+28.1%
Neighborhood: shopping center
$2.3M
+27.0%
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 Surprise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surprise 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
AUTO REPAIR, GARAGE
$3,905,000
Change: +117% · Conversion: Easy
MEDICAL BUILDING
$2,305,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,285,000
Change: +27% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,020,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±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
$351 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$76,711
Tax year 2023
Assessed value
$2,873,211
Assessed 2024
Previous assessed
$2,109,632
+36.2% YoY
Effective rate
2.67%
On assessed value
Land market value
$2,391,900
Improvement market value
$15,021,500
Total market value
$17,413,400
Applied tax rate
891,502.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
6
Stories
1
Units
6
Total area
8,800 SF
Lot
10.33 ac (449,994 SF)
Zoning code
PAD
APN
501-39-983H
UPID
US07-1787384
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Surprise, AZ
Zoning PAD · permitted uses
PAD · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surprise. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2008
Heating
NONE
Stories
1
Buildings
6
Units
6
Lot
10.33 ac
Current owner
From public records · entity-resolved
Trinchero Arizona Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 2800, CAREFREE, AZ 85377-2800
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2020
—
Trinchero Arizona Properties LLC
Gabriel Mini Storage LLC
Re-recorded Document
related
—
Nov 5, 2015
—
Trinchero Arizona Properties LLC
Gabriela Mini Storage LLC
Warranty Deed
$1,246,408 · Pinnacle Bank
May 14, 2013
$3,700,000
Gabriela Mini Storage LLC
Donati Properties Arizona LLC
Warranty Deed
$1,300,000 · First Fidelity Bank NA
Jun 22, 2006
—
Donati Properties Arizona LLC
Owner Name Unavailable
Grant Deed
related
—
Jul 28, 2005
—
Peoria Bullard LLC
Smith Trust
Warranty Deed
related
—
Jun 20, 2005
$2,169,288
Peoria Bullard LLC
Bif-rancho LLC
Grant Deed
related
$1,600,000 · Bridgeview Bank Group
—
—
Donati Properties Arizona LLC
—
Deed Of Trust
related
$635,000 · Comerica Bank
—
—
Donati Properties Arizona LLC
—
Deed Of Trust
related
$635,000 · Comerica Bank
—
—
Donati Properties Arizona LLC
—
Deed Of Trust
related
$635,000 · Comerica Bank
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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