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Property profile & analytics
OFF-MARKET
Office buildings
16224 Church St Surprise, AZ 85378-3731
Individually Owned
37-yr Hold
Free & Clear
Property ID
US07-2195471
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
STEEL FRAME
Total area
726 SF
Lot
0.68 ac (29,403 SF)
Zoning code
SHD-CO
APN
501-18-039K
UPID
US07-2195471
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
Red Eagle Enterp · 37 yrs held
Red Eagle Enterp
since 1989
1 recorded transaction
Zoning & alternative use
SHD-CO · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nt Ordinance (LDO) Zoning Districts Symbol District Name RR Residential rural R-1 Residential low density R-2 Residential medium density R-3 Residential high density SHD-RO Surprise heritage district-Residential overlay SHD-CO Surprise heritage district-Commercial overlay TND-R Traditional neighborhood development-Residential TND-C Traditional neighborhood d…
Zone name
Surprise Heritage District Commercial Overlay
General category
MIXED_USE
Zone area
293.12 ac
Source
municipal code
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
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
$2,908
Tax year 2023
Assessed value
$36,135
Assessed 2024
Previous assessed
$29,495
+22.5% YoY
Effective rate
8.05%
On assessed value
Land market value
$106,500
Improvement market value
$112,500
Total market value
$219,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
726 SF
Lot
0.68 ac (29,403 SF)
Zoning code
SHD-CO
APN
501-18-039K
UPID
US07-2195471
Jurisdiction
MARICOPA
Zoning & alternative use
SHD-CO · Surprise, AZZoning SHD-CO · permitted uses
SHD-CO · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nt Ordinance (LDO) Zoning Districts Symbol District Name RR Residential rural R-1 Residential low density R-2 Residential medium density R-3 Residential high density SHD-RO Surprise heritage district-Residential overlay SHD-CO Surprise heritage district-Commercial overlay TND-R Traditional neighborhood development-Residential TND-C Traditional neighborhood development-Commercial TND-MU Traditional neighborhood development-Mixed use TND-OS Tra
Zone name
Surprise Heritage District Commercial Overlay
General category
MIXED_USE
Zone area
293.12 ac
Source
municipal code
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Red Eagle Enterp
Individual
Free & Clear · 37 yrs held
Mailing address
12946 W SANTE FE, SURPRISE, AZ 85374
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 1989
$120,000
Red Eagle Enterp
—
Deed Of Trust
related
—
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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