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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Flex space
12555 Alice Ave, El Mirage, AZ 85335-4102
Trust Owned
21-yr Hold
~
Est. High Equity
Property ID
US07-2067090
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2022
Total area
5,000 SF
Lot
1.14 ac (49,514 SF)
Zoning code
EI
APN
501-46-013
UPID
US07-2067090
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
Current use
Occupant on record · Public records
-
Dakota Equipment Manufacturing Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.09M
Owner & transaction history
Mcmaster Trust · 21 yrs held
Mcmaster Trust
since 2004
4 recorded transactions
Zoning & alternative use
EI · El Mirage, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+148.3%
Auto repair, garage
$2.2M
+93.4%
Retail stores
$1.7M
+46.5%
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
Alternative Use
Use
Estimation
RESTAURANT
$2,850,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,220,000
Change: +93% · Conversion: Easy
RETAIL STORES
$1,680,000
Change: +47% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,580,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$1,275,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±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
$418 / 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
$14,157
Tax year 2023
Assessed value
$224,136
Assessed 2024
Previous assessed
$52,785
+324.6% YoY
Effective rate
6.32%
On assessed value
Land market value
$417,500
Improvement market value
$940,900
Total market value
$1,358,400
Applied tax rate
890,402.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2022
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
1.14 ac (49,514 SF)
Zoning code
EI
APN
501-46-013
UPID
US07-2067090
Jurisdiction
MARICOPA
Zoning & alternative use
EI · El Mirage, AZ
Zoning EI · permitted uses
EI · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2022
Heating
NONE
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Mcmaster Trust
Trust
Mailing address
12555 W ALICE AVE, EL MIRAGE, AZ 85335-4102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2004
$170,000
Mcmaster Trust
Fyffe Trust
Warranty Deed
$169,377 · Fyffe Trust (tr)
Jun 10, 2003
$136,160
Fyffe,tr
Mirage Land Development LLC
Grant Deed
—
—
—
Mcmaster Family Trust
—
Deed Of Trust
related
$321,260 · Firstbank
—
—
Mcmaster,family Trust
—
Deed Of Trust
related
$190,000 · Firstbank NA
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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