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Property profile & analytics
FOR LEASE
Office Spaces
13331 W Indian School Rd, Litchfield Park, AZ 85340
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2045772
For Lease
1 / 22
$28 SF/Yr
13331 W Indian School Rd, Litchfield Park, AZ 85340
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
2.44 ac (106,177 SF)
Zoning code
PAD
APN
508-02-780
UPID
US07-2045772
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
-
Katherine Schmidt - State Farm Insurance Agent Insurance Agency
-
Alhambra Credit Union Credit Union
-
Proof Bread Bakery Specialty Food Shop
-
Steppin' Out Performing Arts Training Center
-
2nd Chance Treatment Center Physician
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
Nicholas Clement · 1 yrs held
Nicholas Clement
since 2024
7 recorded transactions
Zoning & alternative use
PAD · Litchfield Park, 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 Litchfield Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Litchfield Park 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
Assessed value
$75
Assessed 2024
Previous assessed
$75
+0.0% YoY
Land market value
$500
Total market value
$500
Applied tax rate
790,100.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Heating
NONE
Lot
2.44 ac (106,177 SF)
Zoning code
PAD
APN
508-02-780
UPID
US07-2045772
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Litchfield Park, AZ
Zoning PAD · permitted uses
PAD · Litchfield Park, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Litchfield Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.44 ac
Current owner
From public records · entity-resolved
Nicholas Clement
Individual
Mailing address
10320 W INDIAN SCHOOL RD STE A, PHOENIX, AZ 85037-5822
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
Aug 29, 2024
$855,000
Nicholas Clement
R & C Properties LLC
Special Warranty Deed
$455,000 · Oneaz Cu
Jun 15, 2022
$742,000
R&c Properties LLC
Side Hustle Investments LLC
Special Warranty Deed
$500,000 · Midfirst Bank
Dec 27, 2021
$575,000
Side Hustle Investments LLC
Cws Az LLC
Special Warranty Deed
—
Jul 20, 2018
$355,000
Cws Az LLC
Fineline Properties LLC
Grant Deed
—
Jan 4, 2018
$180,000
Purple Elephant Cakes LLC
Jana Bakery LLC
Special Warranty Deed
$191,000 · Midwest Regional Bank
Nov 30, 2017
$429,000
Starlight Visions LLC
Coldwater Station LLC
Grant Deed
$412,000 · Capitalsource
Jun 22, 2016
—
Coldwater Station LLC
—
Deed
related
$349,540 · Mutual Of Omaha Bank
Jan 10, 2007
—
Copper State Growth Props LLC
Owner Name Unavailable
Grant Deed
related
—
Jul 28, 2006
—
Coldwater Station LLC
Owner Name Unavailable
Grant Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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