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Property profile & analytics
OFF-MARKET
Estimated value
$4,235,000
Medical Office Space
13991 Grand Ave Ste 104 Surprise, AZ 85374-3065
Entity Owned
11-yr Hold
Free & Clear
Property ID
US07-2174025
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
10,862 SF
Lot
0.05 ac (1,981 SF)
Zoning code
C-C
APN
503-98-950
UPID
US07-2174025
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
$4.23M
Blend (final)
Blend
$4.24M
Owner & transaction history
Grand Aaa LLC · 11 yrs held
Grand Aaa LLC
since 2014
5 recorded transactions
Zoning & alternative use
C-C · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
municipal code
Top alternative use upside
Retail stores
$6.9M
+64.5%
Restaurant
$6.7M
+59.1%
Auto repair, garage
$4.8M
+14.5%
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
MEDICAL BUILDING
$4,210,000
Current use
RETAIL STORES
$6,925,000
Change: +64% · Conversion: Difficult
RESTAURANT
$6,700,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,825,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$4.24M
Range $3.81M – $4.66M · ±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
$390 / 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
$4,068
Tax year 2023
Assessed value
$89,298
Assessed 2024
Previous assessed
$73,644
+21.3% YoY
Effective rate
4.56%
On assessed value
Land market value
$108,200
Improvement market value
$433,000
Total market value
$541,200
Applied tax rate
891,503.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
10,862 SF
Lot
0.05 ac (1,981 SF)
Zoning code
C-C
APN
503-98-950
UPID
US07-2174025
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Surprise, AZZoning 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
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.2M
RETAIL STORES
Est. value
$6.9M
RESTAURANT
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$4.8M
MEDICAL BUILDING Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Grand Aaa LLC
Entity
Free & Clear · 11 yrs held
Mailing address
3120 W CAREFREE HWY STE 1-694, PHOENIX, AZ 85086-3282
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2016
—
Northwest Aaa LLC
—
Deed
related
$18,000,000 · Enterprise Bk
Dec 22, 2014
—
Grand Aaa LLC
—
Grant Deed
related
$21,200,000 · Midcap Funding Vi LLC Midcap Funding Vi LLC
Nov 12, 2014
—
Grand Aaa LLC
E & V Investments LLC
Grant Deed
related
—
Jan 23, 2009
—
E & V Investments LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Northwest Aaa LLC
—
Deed Of Trust
related
$18,000,000 · Enterprise 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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