Entity Owned Property summary
AI-generated overview
This commercial retail property is located in Surprise, Arizona near the corner of North Litchfield Road and West Waddell Road within the Phoenix MSA trade area. The building provides 5,672 square feet of retail space configured for use as a neighborhood service-oriented storefront. It is positioned at a busy retail intersection and is surrounded by established shopping and entertainment anchors including Fry's, Safeway, EOS Fitness, and AMC Theatres. The property includes a leasing structure consistent with an absolute triple-net (NNN) arrangement with a corporate guaranty in place, featuring periodic scheduled rental escalations and renewal options as part of the lease design. The surrounding area is supported by nearby population and income levels typical of a growing suburban market, with local traffic counts reported at over 43,000 vehicles per day at the intersection.
Property profile
Verified
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
95,907 SF
Lot
9.89 ac (430,863 SF)
APN
509-17-967
UPID
US07-0726572
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Storage Facility
-
Event Planning Wedding Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.31M
Blend (final)
Blend
$33.62M
Owner & transaction history
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$42.6M
+117.0%
Medical building
$25.1M
+28.1%
Neighborhood: shopping center
$24.9M
+27.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$33.62M
Value range
$30.26M – $36.98M
±10% around blend
Estimated value / SF
$351 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
80
$30.26M
blend $33.62M
$36.98M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
95,907 SF
Lot area
9.89 ac
Year built
2019
Stories
3
APN
509-17-967
Assessed value
$4,026,000
Annual tax
$250,688
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$19.83M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.0 mi away · 79,636 SF
7.0 mi away · 79,636 SF
12.2 mi away · 91,980 SF
13.3 mi away · 85,718 SF
15.9 mi away · 99,408 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$33.62M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1139 sales
$205
+71%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $351/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+117%
vs current-use indication
Medical Building
Neighborhood: Shopping Center
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.03M
Move the market yield to see immediate price impact.
Value / SF
$42
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$254k
$5.07M
$3.62M
$2.82M
$282k
$5.64M
$4.03M
$3.13M
$310k
$6.20M
$4.43M
$3.44M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$14.00M
6.7 mi · Feb 2026 · $172/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$250,688
Tax year 2023
Assessed value
$4,026,000
Assessed 2024
Previous assessed
$3,984,255
+1.0% YoY
Effective rate
6.23%
On assessed value
Land market value
$3,459,300
Improvement market value
$20,940,700
Total market value
$24,400,000
Applied tax rate
891,502.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Buildings
11
Stories
3
Total area
95,907 SF
Lot
9.89 ac (430,863 SF)
APN
509-17-967
UPID
US07-0726572
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Stories
3
Buildings
11
Lot
9.89 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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