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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Bars & Pubs
11921 Grand Ave, El Mirage, AZ 85335
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0111888
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1962
Construction
CONCRETE
Total area
2,009 SF
Lot
0.15 ac (6,554 SF)
Zoning code
C-C
APN
501-26-066
UPID
US07-0111888
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
$561k
Blend (final)
Blend
$535k
Owner & transaction history
Jorge Berber · 15 yrs held
Jorge Berber
since 2011
7 recorded transactions
Zoning & alternative use
C-C · El Mirage, 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 El Mirage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Mirage 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
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$266 / 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
$2,177
Tax year 2023
Assessed value
$30,674
Assessed 2024
Previous assessed
$30,674
+0.0% YoY
Effective rate
7.10%
On assessed value
Land market value
$55,100
Improvement market value
$130,800
Total market value
$185,900
Applied tax rate
890,400.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,009 SF
Lot
0.15 ac (6,554 SF)
Zoning code
C-C
APN
501-26-066
UPID
US07-0111888
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · El Mirage, AZ
Zoning C-C · permitted uses
C-C · El Mirage, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Mirage. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Jorge Berber
Individual
Free & Clear · 15 yrs held
Mailing address
3311 N 18TH AVE, PHOENIX, AZ 85015-5814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2011
—
Jorge Berber
El Mirage Dev Group LLC
Quit Claim Deed
related
—
May 19, 2008
—
El Mirage Dev Group
Maravilla Ent LLC
Warranty Deed
related
—
Sep 5, 2007
—
Maravilla Ent LLC
Gonzalez,ismael JR
Warranty Deed
related
—
Oct 10, 2006
$305,000
Ismael Gonzalez JR.
Lebratti,saul R
Warranty Deed
$205,000 · Saul R Lebratti
Sep 16, 1999
—
Copas De Oro INC
El Mirage Road House INC
Quit Claim Deed
related
—
Sep 16, 1999
$150,000
Lebratti,saul R & Christy L
Copas De Oro INC
Trustees Deed
$24,281 · Copas De Oro INC
Mar 1, 1994
—
El Mirage Roadhouse INC
Jakowchuk
Trustees Deed
related
—
Jul 29, 1993
$150,000
Fyo INC
El Mirage Roadho
Grant Deed
$175,000 · Seller Carry Back
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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