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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Showrooms
1115 Circulo Mercado, Rio Rico, AZ 85648-6202
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0196077
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Construction
CONCRETE
Total area
2,898 SF
Lot
0.19 ac (8,223 SF)
APN
114-50-064
UPID
US07-0196077
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$912k
Blend (final)
Blend
$760k
Owner & transaction history
Verde Americano LLC · 3 yrs held
Verde Americano LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
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 Rio Rico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rio Rico 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
$740,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $750k (Dec 16 2022)
Last sale anchor
$750k
Dec 16 2022
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
$262 / 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
Property tax & assessments
Assessed value
$42,548
Assessed 2023
Previous assessed
$40,071
+6.2% YoY
Assessed land
$7,771
Assessed improvement
$34,777
Land market value
$43,171
Improvement market value
$193,203
Total market value
$236,374
Applied tax rate
3,502.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
2
Total area
2,898 SF
Lot
0.19 ac (8,223 SF)
APN
114-50-064
UPID
US07-0196077
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Verde Americano LLC
Entity
Mailing address
24882 W KLONDYKE RD, PIMA, AZ 85543-9599
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
$750,000
Verde Americano LLC
1115 Circulo Mercado LLC
Special Warranty Deed
$500,000 · 1115 Circulo Mercado LLC
Jul 3, 2019
—
Jmlrujl LLC
Pio Rico Ventures LLC
Correction Deed
—
Jun 28, 2019
$200,000
1115 Circulo Mercado LLC
Sage Tax Grp INC Psp
Grant Deed
$200,000 · Rmlm
Mar 13, 2017
$200,000
Jmlrjl LLC
Rio Rico Ventures LLC
Grant Deed
—
Jul 29, 2015
—
Rio Rico Ventures LLC
Kittrell,murphy
Grant Deed
—
Nov 14, 2012
—
Lichter Family Trust
Lichter,juan & Anita L
Quit Claim Deed
related
—
Mar 27, 2012
$104,386
Juan Lichter
Derrick Monica
Trustees Deed
related
—
Aug 5, 2002
$185,000
Jesus G Bernal
Lichter,juan & Anita L
Grant Deed
$168,000 · Juan & Anita L Lichter
Jul 12, 2002
$29,000
Juan Lichter
Thueson,mercedes
Grant Deed
—
Jul 11, 2000
—
Juan Lichter
Lara,emilio & Stephanie L
Grant Deed
related
—
Aug 4, 1998
—
Emilio Lara
Lara,stephanie
Quit Claim Deed
related
$80,000 · Champagne Trust
May 28, 1997
$31,000
Emilio Lara
Thueson,mercedes
Grant Deed
—
Apr 24, 1997
$29,995
Mercedes Thueson
First American Title Ins Ttee
Grant Deed
$26,996 · Rio Rico Properties INC
—
—
Murphy Kittrell
—
Deed Of Trust
$162,000 · Lichter Family Trust (pt)
—
—
Rio Rico Ventures LLC
—
Deed Of Trust
related
$190,658 · Ssce Holdings LLC
—
—
Emilio Lara
—
Deed Of Trust
related
$110,000 · Individual
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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