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Property profile & analytics
FOR LEASE
Showrooms
12000 North 132 Ave Surprise, AZ 85379
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2307131
For Lease
1 / 4
Contact for pricing
12000 North 132 Ave, Surprise, AZ 85379
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Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2013
Construction
CONCRETE
Total area
418,305 SF
Lot
24.06 ac (1,048,005 SF)
Zoning code
IP
APN
501-45-938
UPID
US07-2307131
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
$45.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$51.31M
Owner & transaction history
12000 N 132nd Ave Owner LP · 1 yrs held
12000 N 132nd Ave Owner LP
since 2025
Last sale
$54.0M
5 recorded transactions
Zoning & alternative use
IP · Surprise, AZ
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
$51,395,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$49,640,000
6.5%
$45,820,000
7%
$42,545,000
Blend value · Realmo final
$51.31M
Range $46.17M – $56.44M · ±10% · vs last sale $54.00M (Mar 7 2025)
Last sale anchor
$54.00M
Mar 7 2025
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
$123 / 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
$346,283
Tax year 2023
Assessed value
$9,198,882
Assessed 2024
Previous assessed
$6,722,922
+36.8% YoY
Effective rate
3.76%
On assessed value
Land market value
$1,455,000
Improvement market value
$54,295,800
Total market value
$55,750,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
2013
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
418,305 SF
Lot
24.06 ac (1,048,005 SF)
Zoning code
IP
APN
501-45-938
UPID
US07-2307131
Jurisdiction
MARICOPA
Zoning & alternative use
IP · Surprise, AZZoning IP · permitted uses
IP · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
municipal code
Building & site characteristics
From public records
Year built
2013
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
24.06 ac
Current owner
From public records · entity-resolved
12000 N 132nd Ave Owner LP
Entity
Mailing address
17304 PRESTON RD STE #550, DALLAS, TX 75252-5625
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
$54,000,000
12000 N 132nd Ave Owner LP
Dg Industrial Portfolio I Property
Special Warranty Deed
$914,000,000 · Wells Fargo Bank NA
Mar 5, 2020
$32,800
Dg Industrial Portfolio Pro
Realty West Valley Mazal
Grant Deed
$322,475,000 · Bank Of America
Feb 4, 2019
$24,100,000
Mazal Realty Ada Compliant Limited
Surprise Industrial Ncp LLC
Special Warranty Deed
$17,000,000 · Cobiz Bank
Oct 22, 2018
—
Surprise Industrial Ncp LLC
—
Grant Deed
related
$108,641,916 · Acore Cap Mtg LP
Oct 2, 2015
$18,912,927
Surprise Industrial Ncp LLC
Skyway LLC
Grant Deed
$178,500,000 · Private 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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