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Property profile & analytics
OFF-MARKET
Warehouses
16248 Hunt Hwy, Queen Creek, AZ 85142
Individually Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1100708
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1965
Construction
STEEL FRAME
Total area
2,025 SF
Lot
2.35 ac (102,497 SF)
Zoning code
R1-10
APN
304-86-003W
UPID
US07-1100708
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
Elpidio Garcia · 27 yrs held
Elpidio Garcia
since 1998
7 recorded transactions
Zoning & alternative use
R1-10 · Queen Creek, 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 Queen Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Queen Creek 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
$3,812
Tax year 2023
Assessed value
$44,071
Assessed 2024
Previous assessed
$47,050
-6.3% YoY
Effective rate
8.65%
On assessed value
Land market value
$384,400
Improvement market value
$56,310
Total market value
$440,710
Applied tax rate
800,025.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
2,025 SF
Lot
2.35 ac (102,497 SF)
Zoning code
R1-10
APN
304-86-003W
UPID
US07-1100708
Jurisdiction
MARICOPA
Zoning & alternative use
R1-10 · Queen Creek, AZ
Zoning R1-10 · permitted uses
R1-10 · Queen Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Queen Creek. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Elpidio Garcia
Individual
Free & Clear · 27 yrs held
Mailing address
8566 E EDGEWOOD AVE, MESA, AZ 85208-2818
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 1998
$125,000
Elpidio Garcia
Lucero,herman G & Rita
Grant Deed
—
Jan 29, 1997
$71,000
Herman G Lucero
James R Boatwright
Grant Deed
$72,420 · American Finance
Jun 21, 1995
—
James R Boatwright
Herman G Lucero
Quit Claim Deed
related
—
Mar 23, 1995
$1,588,750
Hunt,highway 310 L L C
Queen Creek 10
Trustees Deed
$318,516 · Seller
Nov 14, 1994
—
Herman G Lucero
Boatwright
Quit Claim Deed
related
$38,000 · Csi Mortgage
Jul 1, 1994
$850,584
Queen,creek 10
Blue Goose Co
Trustees Deed
$680,467 · Seller
Jul 1, 1994
—
Boatwright,james & Florence M
Blue Goose Co
Trustees Deed
related
—
Sep 25, 1992
—
Bgc Partners
Blue Goose Co
Grant Deed
related
—
—
—
Creek 10 Queen
—
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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