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Property profile & analytics
OFF-MARKET
Retail space
12747 Grand Ave Surprise, AZ 85374
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US07-1573947
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
STEEL FRAME
Total area
543 SF
Lot
0.43 ac (18,750 SF)
Zoning code
SHD-CO
APN
501-22-014
UPID
US07-1573947
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
Juan R Esparza · 27 yrs held
Juan R Esparza
since 1999
2 recorded transactions
Zoning & alternative use
SHD-CO · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nt Ordinance (LDO) Zoning Districts Symbol District Name RR Residential rural R-1 Residential low density R-2 Residential medium density R-3 Residential high density SHD-RO Surprise heritage district-Residential overlay SHD-CO Surprise heritage district-Commercial overlay TND-R Traditional neighborhood development-Residential TND-C Traditional neighborhood d…
Zone name
Surprise Heritage District Commercial Overlay
General category
MIXED_USE
Zone area
293.12 ac
Source
municipal code
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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,006
Tax year 2023
Assessed value
$25,229
Assessed 2024
Previous assessed
$20,349
+24.0% YoY
Effective rate
7.95%
On assessed value
Land market value
$74,500
Improvement market value
$78,400
Total market value
$152,900
Applied tax rate
891,500.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
543 SF
Lot
0.43 ac (18,750 SF)
Zoning code
SHD-CO
APN
501-22-014
UPID
US07-1573947
Jurisdiction
MARICOPA
Zoning & alternative use
SHD-CO · Surprise, AZZoning SHD-CO · permitted uses
SHD-CO · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nt Ordinance (LDO) Zoning Districts Symbol District Name RR Residential rural R-1 Residential low density R-2 Residential medium density R-3 Residential high density SHD-RO Surprise heritage district-Residential overlay SHD-CO Surprise heritage district-Commercial overlay TND-R Traditional neighborhood development-Residential TND-C Traditional neighborhood development-Commercial TND-MU Traditional neighborhood development-Mixed use TND-OS Tra
Zone name
Surprise Heritage District Commercial Overlay
General category
MIXED_USE
Zone area
293.12 ac
Source
municipal code
Building & site characteristics
From public records
Year built
1974
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Juan R Esparza
Individual
Mailing address
PO BOX 2048, EL MIRAGE, AZ 85335-2048
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 1999
$160,000
Juan R Esparza
George,leroy & Geraldine
Grant Deed
$50,000 · Seller
Apr 15, 1987
—
Leroy George
—
Deed Of Trust
related
—
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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