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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Flex space
12752 Grand Ave Surprise, AZ 85374
Individually Owned
Free & Clear
Property ID
US07-1574597
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
CONCRETE
Total area
1,550 SF
Lot
0.43 ac (18,750 SF)
Zoning code
SHD-CO
APN
501-22-016
UPID
US07-1574597
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
$649k
Blend (final)
Blend
$650k
Owner & transaction history
Kiwanis Club Of Litchfield
Kiwanis Club Of Litchfield
since 2025
7 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
Top alternative use upside
Retail stores
$990,000
+177.8%
Auto repair, garage
$690,000
+93.4%
Medical building
$600,000
+68.9%
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
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
RETAIL STORES
$990,000
Change: +178% · Conversion: Moderate
AUTO REPAIR, GARAGE
$690,000
Change: +93% · Conversion: Easy
MEDICAL BUILDING
$600,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$405,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$419 / 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
$1,870
Tax year 2023
Assessed value
$24,286
Assessed 2024
Previous assessed
$18,968
+28.0% YoY
Effective rate
7.70%
On assessed value
Land market value
$85,600
Improvement market value
$70,177
Total market value
$155,777
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,550 SF
Lot
0.43 ac (18,750 SF)
Zoning code
SHD-CO
APN
501-22-016
UPID
US07-1574597
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$690,000
MEDICAL BUILDING
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$405,000
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Kiwanis Club Of Litchfield
Individual
Free & Clear · 0 yrs held
Mailing address
15615 W GRAND AVE, SURPRISE, AZ 85374
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$620,000
Kiwanis Club Of Litchfield
Sleep Seller LLC
Special Warranty Deed
—
Oct 8, 2021
—
Sleep Seller LLC
Brooklyn Bedding LLC
Special Warranty Deed
—
Jan 25, 2010
—
Brooklyn Bedding LLC
Merwin,robert W
Quit Claim Deed
related
—
Dec 24, 2007
—
Robert W Merwin
Coates,susan
Quit Claim Deed
related
—
Jan 17, 2003
$206,000
Robert Merwin
Harris,robert & Bernadine
Grant Deed
$185,400 · Sunrise Bank Of Arizona
Oct 12, 2001
$176,000
Robert Harris
Gellerman,jeffrey E & Marilynn
Grant Deed
$244,800 · Bank Of America
Apr 1, 1997
$100,000
Jeffery E Gellerman
Richard Donahue
Grant Deed
$75,000 · Seller
Dec 13, 1996
$18,000
Donahue,richard H & Francis I
James L George
Trustees Deed
—
—
—
Richard H Donahue
—
Deed Of Trust
related
—
—
—
Richard H Donahue
—
Deed Of Trust
related
—
—
—
R E Harris
—
Deed Of Trust
related
$60,000 · Mary Harris-crane
—
—
Jim Brown
—
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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