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Property profile & analytics
OFF-MARKET
Retail space
1488 White Mtn Blvd Pinetop, AZ 85935-7028
Individually Owned
2-yr Hold
Free & Clear
Property ID
US07-1190747
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
STEEL FRAME
Total area
2,781 SF
Lot
0.23 ac (10,019 SF)
Zoning code
MUNICIPAL
APN
311-30-017
UPID
US07-1190747
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tracy Lassen · 2 yrs held
Tracy Lassen
since 2024
Last sale
$450,000
5 recorded transactions
Zoning & alternative use
MUNICIPAL · Pinetop, 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 Pinetop submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinetop 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
Tax billed
$3,234
Tax year 2023
Assessed value
$45,728
Assessed 2025
Previous assessed
$39,547
+15.6% YoY
Effective rate
7.07%
On assessed value
Assessed land
$8,656
Assessed improvement
$37,072
Land market value
$48,091
Improvement market value
$205,954
Total market value
$254,045
Applied tax rate
3,232.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
2,781 SF
Lot
0.23 ac (10,019 SF)
Zoning code
MUNICIPAL
APN
311-30-017
UPID
US07-1190747
Jurisdiction
NAVAJO
Zoning & alternative use
MUNICIPAL · Pinetop, AZ
Zoning MUNICIPAL · permitted uses
MUNICIPAL · Pinetop, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pinetop. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Tracy Lassen
Individual
Free & Clear · 2 yrs held
Mailing address
15614 E CHANDLER HTS RD, GILBERT, AZ 85298-9567
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
$450,000
Tracy Lassen
Michael A Blue
Special Warranty Deed
—
Mar 14, 2024
—
Tracy Lassen
Heidi Lassen
Intrafamily Transfer
related
—
Dec 9, 2019
—
Michael A Blue
Susanne R Blue
Quit Claim Deed
related
—
Dec 9, 2019
$298,000
Michael A Blue
Enrico A Locurzio
Grant Deed
$238,000 · Enrico A & Andrea Locurzio
—
—
Enrico Locurzio
—
Deed Of Trust
related
$100,000 · National Bank Arizona
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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