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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Office buildings
12035 Saguaro Blvd Fountain Hills, AZ 85268-4682
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0091934
Property summary
AI-generated overview
This exceptional opportunity presents two available executive office suites within the Regency Business Center, located at 12035 N Saguaro Blvd, Fountain Hills, AZ 85268. The building, constructed in 1986, offers a total of 7,737 square feet across two stories and is zoned C-3, Fountain Hills. Currently, 2,008 square feet of space is available for lease, with individual suites ranging from a minimum of 935 square feet to a maximum contiguous space of 1,073 square feet. The building features convenient elevator access and ample parking, with a ratio of 2.84 spaces per 1,000 square feet. This prime location in the Fountain Hills Ret submarket of Maricopa County provides easy access to local amenities and businesses. The property's APN is 176-08-119. Ideal for businesses seeking flexible and well-appointed office space in a desirable location, this property offers a blend of functionality and convenience. The multiple tenancy structure allows for a variety of business sizes and needs. Inquire today to learn more about leasing options and secure your space in this thriving business community.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
4,341 SF
Lot
0.38 ac (16,491 SF)
Zoning code
C-3
APN
176-08-119
UPID
US07-0091934
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
$1.24M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.06M
Owner & transaction history
Aes Property Development LLC · 4 yrs held
Aes Property Development LLC
since 2022
Last sale
$935,000
7 recorded transactions
Zoning & alternative use
C-3 · Fountain Hills, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+107.6%
Neighborhood: shopping center
$1.4M
+94.9%
Medical building
$1.1M
+57.2%
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
Method
Estimation
Statistic approach
$1,055,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,340,000
6.5%
$1,235,000
7%
$1,150,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
RETAIL STORES
$1,460,000
Change: +108% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,370,000
Change: +95% · Conversion: Difficult
MEDICAL BUILDING
$1,105,000
Change: +57% · Conversion: Easy
WAREHOUSE, STORAGE
$890,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $935k (Apr 8 2022)
Last sale anchor
$935k
Apr 8 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
$244 / 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
$5,436
Tax year 2023
Assessed value
$106,590
Assessed 2024
Previous assessed
$96,322
+10.7% YoY
Effective rate
5.10%
On assessed value
Land market value
$169,900
Improvement market value
$476,100
Total market value
$646,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
4,341 SF
Lot
0.38 ac (16,491 SF)
Zoning code
C-3
APN
176-08-119
UPID
US07-0091934
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Fountain Hills, AZ
Zoning 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
Fountain Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$705,000
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$890,000
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Aes Property Development LLC
Entity
Mailing address
PO BOX 28085, TEMPE, AZ 85285-8085
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
—
Aes Property Development LLC
—
Deed
related
$315,000 · Bmo Harris Bank NA
Apr 8, 2022
$935,000
Aes Property Development LLC
A & W Arizona LLC
Special Warranty Deed
$285,000 · A & W Arizona LLC
Sep 18, 2017
—
A & W Arizona LLC
—
Deed
related
$500,000 · Five Points Bk/hastings
Apr 11, 2017
$575,000
Terrys Real Estate Invs LLC
Sevastopol Holdings LLC
Warranty Deed
—
Apr 11, 2017
$475,000
Sevastopol Holdings LLC
Siegel,mark
Warranty Deed
—
Apr 11, 2017
$650,000
A & W Arizona LLC
Terrys Real Estate Invs LLC
Warranty Deed
—
Mar 4, 2013
—
Mark Siegel
Siegel,debbie
Quit Claim Deed
related
$532,500 · Western State Bank
Mar 16, 2007
—
Jean B Zeimet
Amin Family Trust
Grant Deed
—
Jan 19, 2006
$1,300,000
Mark Siegel
Brown,scott W & Deanna J
Warranty Deed
—
Jun 2, 2005
—
Scott W Brown
Amin Trust
Grant Deed
related
—
Nov 25, 2002
—
Amin,tr
Amin,ramesh & Daxa
Quit Claim Deed
related
—
May 8, 1996
$550,000
Ramesh Amin
Martin A & Terry L Brown
Grant Deed
$385,000 · Community Bank NA
—
—
Mark P Siegel
—
Deed Of Trust
related
$2,000,000 · Lancelot Peoria LLC
—
—
Mark P Siegel
—
Deed Of Trust
related
$775,000 · Ironstone Bank
—
—
A & W Arizona LLC
—
Deed Of Trust
related
$500,000 · Five Points Bk/hastings
—
—
Mark P Siegel
—
Deed Of Trust
related
$90,258 · Ironstone Bank
—
—
Mark P Siegel
—
Deed Of Trust
related
$2,000,000 · Debra L Siegel
—
—
Mark P Siegel
—
Deed Of Trust
related
$91,511 · Ironstone 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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