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Property profile & analytics
OFF-MARKET
Commercial real estate
12017 Falcon Dr Fountain Hills, AZ 85268-4665
Individually Owned
8-yr Hold
Free & Clear
Property ID
US07-3285129
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.57 ac (24,829 SF)
Zoning code
C-3
APN
176-08-610
UPID
US07-3285129
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ralph C Sparling · 8 yrs held
Ralph C Sparling
since 2017
7 recorded transactions
Zoning & alternative use
C-3 · Fountain Hills, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Town of Fountain Hills Zoning Ordinance Chapter 6 Page 32 of 34 November 1, 2012 1752356.9 5. In the C-2, C-3, and TCCD zoning districts, a secondary entrance wall sign is allowed in addition to total aggregate sign area if the following criteria are met: a. Wall sign areas shall not exceed 25% of primary total aggregate
Zone name
General Commercial
General category
COMMERCIAL
Zone area
50.80 ac
Source
Zoning Ordinance
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 Fountain Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fountain Hills 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,081
Tax year 2022
Assessed value
$34,914
Assessed 2024
Previous assessed
$34,255
+1.9% YoY
Effective rate
5.96%
On assessed value
Land market value
$211,600
Total market value
$211,600
Applied tax rate
982,421.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.57 ac (24,829 SF)
Zoning code
C-3
APN
176-08-610
UPID
US07-3285129
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Fountain Hills, AZZoning C-3 · permitted uses
C-3 · Fountain Hills, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Town of Fountain Hills Zoning Ordinance Chapter 6 Page 32 of 34 November 1, 2012 1752356.9 5. In the C-2, C-3, and TCCD zoning districts, a secondary entrance wall sign is allowed in addition to total aggregate sign area if the following criteria are met: a. Wall sign areas shall not exceed 25% of primary total aggregate
Zone name
General Commercial
General category
COMMERCIAL
Zone area
50.80 ac
Source
Zoning Ordinance
Building & site characteristics
From public records
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
Ralph C Sparling
Individual
Free & Clear · 8 yrs held
Mailing address
17219 E ALTA LOMA, FOUNTAIN HILLS, AZ 85268-4082
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2017
$825,000
Ralph C Sparling
Falcon Place LLC
Warranty Deed
—
Jun 27, 2016
—
Falcon Place LLC
—
Trustees Deed
related
$575,000 · Stockman Bk/mt
Jul 2, 2013
—
Falcon Place LLC
—
Trustees Deed
related
$300,000 · Stockman Bk/mt
Jun 25, 2012
—
Falcon Place LLC
—
Trustees Deed
related
$507,669 · Stockman Bank Of Montana
Oct 6, 2003
—
Nancy Puffer
Puffer,bruce M
Quit Claim Deed
related
—
Oct 6, 2003
$950,000
Falcon Place LLC
Puffer,nancy
Grant Deed
related
—
Oct 11, 2001
—
Nancy Puffer
Puffer,bruce M & Nancy A
Quit Claim Deed
related
—
Oct 10, 2001
—
Bruce M Puffer
Puffer,nancy
Quit Claim Deed
related
$100,000 · Wells Fargo Bank Arizona
—
—
Falcon Place LLC
—
Loan Modification
related
$300,000 · Stockman Bk/mt
—
—
Falcon Place LLC
—
Loan Modification
related
$300,000 · Stockman Bk/mt
—
—
Falcon Place LLC
—
Loan Modification
related
$512,776 · Stockman Bank Of Montana
—
—
Nancy Puffer
—
Deed Of Trust
related
$100,000 · Crl Trust
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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