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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Commercial land
12927 Grand Ave, Surprise, AZ 85374-7039
Individually Owned
1-yr Hold
Free & Clear
Property ID
US07-2649211
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Total area
1,448 SF
Lot
0.43 ac (18,750 SF)
Zoning code
C-C
APN
501-19-037
UPID
US07-2649211
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
$586k
Blend (final)
Blend
$515k
Owner & transaction history
Randi Colar · 1 yrs held
Randi Colar
since 2024
7 recorded transactions
Zoning & alternative use
C-C · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$356 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,124
Tax year 2022
Assessed value
$15,690
Assessed 2024
Previous assessed
$15,690
+0.0% YoY
Effective rate
7.16%
On assessed value
Land market value
$104,600
Total market value
$104,600
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1955
Heating
YES
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
1
Total area
1,448 SF
Lot
0.43 ac (18,750 SF)
Zoning code
C-C
APN
501-19-037
UPID
US07-2649211
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Surprise, AZ
Zoning C-C · permitted uses
C-C · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surprise. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Randi Colar
Individual
Free & Clear · 1 yrs held
Mailing address
1230 W 75TH ST, LOS ANGELES, CA 90044-2406
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
—
Randi Colar
Randi Colar
Intrafamily Transfer
related
—
Nov 12, 2020
—
Randi A Colar
Susie M Dawson
Grant Deed
—
May 11, 2009
—
Susie M Dawson
Colar,randi A
Quit Claim Deed
related
—
Nov 30, 2006
$220,000
Randi A Colar
Anakwenze,ugochukwu B & Ebere H
Warranty Deed
$180,000 · Ugochukwu B & Ebere H Anakwenze
Sep 16, 2005
$170,000
Ugochukwu B Anakwenze
Shaikah,saeed A
Warranty Deed
—
Dec 3, 2004
$145,000
Saeed A Shaikah
Weir Trust
Warranty Deed
$130,000 · Connie L Wier
Feb 3, 1994
$40,000
Weir Family Trust
Wanger Estate
Grant Deed
$25,000 · Seller Carry Back
Jun 1, 1989
—
Wanger Family Tr
Unknown
Grant Deed
related
—
—
—
Jerry Woodbury
—
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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