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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Specialty properties
15808 El Mirage Rd, Surprise, AZ 85378-4111
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3492876
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1991
Construction
CONCRETE
Total area
2,310 SF
Lot
0.56 ac (24,394 SF)
Zoning code
C-C
APN
501-78-074D
UPID
US07-3492876
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
$790k
Blend (final)
Blend
$790k
Owner & transaction history
Lorlyn LLC · 2 yrs held
Lorlyn LLC
since 2024
6 recorded transactions
Zoning & alternative use
C-C · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+68.2%
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
VETERINARY, ANIMAL HOSPITAL
$610,000
Current use
AUTO REPAIR, GARAGE
$1,025,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$605,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$342 / 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
$5,574
Tax year 2023
Assessed value
$104,433
Assessed 2024
Previous assessed
$89,811
+16.3% YoY
Effective rate
5.34%
On assessed value
Land market value
$188,400
Improvement market value
$444,529
Total market value
$632,929
Applied tax rate
891,500.0000
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
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,310 SF
Lot
0.56 ac (24,394 SF)
Zoning code
C-C
APN
501-78-074D
UPID
US07-3492876
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Surprise, AZ
Zoning 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
Surprise. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$605,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
VETERINARY, ANIMAL HOSPITAL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Lorlyn LLC
Entity
Mailing address
22108 N GOLF CLB DR, SUN CITY WEST, AZ 85375-2078
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2024
—
Lorlyn LLC
Petsvet LLC
Special Warranty Deed
—
May 4, 2006
$351,000
Petsvet LLC
Avila,ernestina
Warranty Deed
—
May 4, 2004
$175,000
Ernestina Avila
King,frederick & Anna
Grant Deed
$165,000 · Frederick & Anna King
Mar 30, 2004
—
Frederick King
King,vernell
Quit Claim Deed
related
—
—
—
Vernell King
—
Deed Of Trust
related
$27,000 · Csi Mortgage
—
—
Vernell King
—
Deed Of Trust
related
$43,000 · Csi Mortgage
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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