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Property profile & analytics
OFF-MARKET
Estimated value
$19,915,000
Specialty properties
146 Merrill Rd Apache Junction, AZ 85120-3200
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0965500
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1983
Construction
STEEL FRAME
Total area
3,351 SF
Lot
5.98 ac (260,358 SF)
Zoning code
R-5
APN
220-44-008E
UPID
US07-0965500
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
-
apache junction Housing Complex
-
Mosaic Sun, 55+ RV Community Housing Complex Prefabricated House Companies
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.92M
Owner & transaction history
Park Place East Owner LLC · 3 yrs held
Park Place East Owner LLC
since 2022
Last sale
$20.0M
6 recorded transactions
Zoning & alternative use
R-5 · Apache Junction, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
§ 1-1-1 TITLE AND AUTHORITY.
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 Apache Junction submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apache Junction 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
$19,805,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.92M
Range $17.92M – $21.91M · ±10% · vs last sale $19.97M (Aug 10 2022)
Last sale anchor
$19.97M
Aug 10 2022
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
$5,943 / 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
$16,566
Tax year 2023
Assessed value
$191,210
Assessed 2024
Previous assessed
$165,310
+15.7% YoY
Effective rate
8.66%
On assessed value
Land market value
$778,000
Improvement market value
$1,134,100
Total market value
$1,912,100
Applied tax rate
40,012.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
3,351 SF
Lot
5.98 ac (260,358 SF)
Zoning code
R-5
APN
220-44-008E
UPID
US07-0965500
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Apache Junction, AZZoning R-5 · permitted uses
R-5 · Apache Junction, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 1-1-1 TITLE AND AUTHORITY.
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
5.98 ac
Current owner
From public records · entity-resolved
Park Place East Owner LLC
Entity
Mailing address
17TH 22ND ST STE #220, OAKBROOK TERRACE, IL 60181-4477
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
$19,971,000
Park Place East Owner LLC
Portola Avenue Investors LLC
Special Warranty Deed
—
Sep 5, 2017
—
Portola Avenue Investors LLC
Portola Avenue Investors LLC
Quitclaim Deed
related
$3,400,000 · Wells Fargo Bk
Dec 20, 2007
$5,090,000
Portola Avenue Investors
Merrill One LLC
Special Warranty Deed
$3,350,000 · The United States Life Insurance Co
Jun 9, 2005
$3,775,000
Merrill One LLC
Saia Family Ptshp
Grant Deed
$4,000,000 · La Jolla Bank
Jul 30, 1999
—
Saia Family Partnership
Saia Family Partnership
Quit Claim Deed
related
$1,500,000 · La Jolla Savings Bank
—
—
Merrill One LLC
—
Deed Of Trust
related
$2,800,000 · La Jolla Bank
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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