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Property profile & analytics
OFF-MARKET
Estimated value
$27,920,000
Warehouses
13788 Greenway Rd, Surprise, AZ 85374-5291
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-1979386
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
95,171 SF
Lot
3.14 ac (136,660 SF)
Zoning code
PAD
APN
501-16-988
UPID
US07-1979386
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
$28.38M
Blend (final)
Blend
$27.92M
Owner & transaction history
Sst IV 13788 W Greenway Rd · 6 yrs held
Sst IV 13788 W Greenway Rd
since 2019
7 recorded transactions
Zoning & alternative use
PAD · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$42.3M
+117.0%
Medical building
$36.9M
+89.5%
Neighborhood: shopping center
$24.7M
+27.0%
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
WAREHOUSE, STORAGE
$19,475,000
Current use
AUTO REPAIR, GARAGE
$42,255,000
Change: +117% · Conversion: Easy
MEDICAL BUILDING
$36,905,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$24,735,000
Change: +27% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$21,850,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$27.92M
Range $25.13M – $30.71M · ±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
$293 / 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
$104,862
Tax year 2023
Assessed value
$2,827,358
Assessed 2024
Previous assessed
$2,357,883
+19.9% YoY
Effective rate
3.71%
On assessed value
Land market value
$1,691,600
Improvement market value
$15,443,900
Total market value
$17,135,500
Applied tax rate
891,502.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
95,171 SF
Lot
3.14 ac (136,660 SF)
Zoning code
PAD
APN
501-16-988
UPID
US07-1979386
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Surprise, AZ
Zoning PAD · permitted uses
PAD · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$19.5M
AUTO REPAIR, GARAGE
Est. value
$42.3M
MEDICAL BUILDING
Est. value
$36.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.7M
INDUSTRIAL (GENERAL)
Est. value
$21.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2019
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
3.14 ac
Current owner
From public records · entity-resolved
Sst IV 13788 W Greenway Rd
Individual
Mailing address
10 TER RD, LADERA RANCH, CA 92694-1182
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2020
—
Sst IV 13788 W Greenway Rd LLC
—
Deed
related
$61,173,750 · Tcf Nat'l Bk
Mar 30, 2020
—
Sst IV 13788 W Greenway Rd LLC
—
Deed
related
$31,542,500 · Tcf National Bank
Dec 13, 2019
$7,825,000
Sst IV 13788 W Greenway Rd
Bc 27-1 LLC
Grant Deed
—
Jul 25, 2018
—
Bc 27-1 LLC
—
Deed
related
$5,000,000 · Mutual/omaha Bk
Feb 28, 2018
$834,000
Bc 27-1 LLC
Blue Jem Investments
Grant Deed
—
Aug 1, 2005
—
Blue Jem Investments
Owner Name Unavailable
Grant Deed
related
—
Mar 2, 2005
$614,974
Blue Jem Investments
Cmlv Property LLC
Warranty Deed
—
Sep 17, 2004
—
Cmlv Properties LLC
Owner,record
Grant Deed
related
—
—
—
Bc 27-1 LLC
—
Deed Of Trust
related
$5,000,000 · Mutual/omaha Bk
—
—
Sst IV 13788 W Greenway Rd LLC
—
Loan Modification
related
$61,173,750 · Tcf Nat'l Bk
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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