Back to Search
Property profile & analytics
FOR LEASE
Office buildings
16548 E Laser Dr Fountain Hills, AZ 85268
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0724516
For Lease
1 / 7
$17.76 SF/Yr
16548 E Laser Dr, Fountain Hills, AZ 85268
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE
Total area
11,285 SF
Lot
1.1 ac (47,916 SF)
Zoning code
IND-1
APN
176-09-193
UPID
US07-0724516
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
$2.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.89M
Owner & transaction history
Pegasus Deer Valley Owner LLC · 4 yrs held
Pegasus Deer Valley Owner LLC
since 2021
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
IND-1 · Fountain Hills, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+342.5%
Commercial (general)
$5.5M
+201.9%
Retail stores
$5.2M
+184.3%
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 Fountain Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fountain Hills 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%
$3,175,000
6.5%
$2,930,000
7%
$2,720,000
Alternative Use
Use
Estimation
RESTAURANT
$8,090,000
Change: +342% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,520,000
Change: +202% · Conversion: Easy
RETAIL STORES
$5,195,000
Change: +184% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,650,000
Change: +154% · Conversion: Difficult
MEDICAL BUILDING
$3,945,000
Change: +116% · Conversion: Easy
Blend value · Realmo final
$4.89M
Range $4.40M – $5.37M · ±10% · vs last sale $6.29M (Oct 15 2021)
Last sale anchor
$6.29M
Oct 15 2021
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
$433 / 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
$11,087
Tax year 2023
Assessed value
$348,992
Assessed 2024
Previous assessed
$284,971
+22.5% YoY
Effective rate
3.18%
On assessed value
Land market value
$436,100
Improvement market value
$1,679,000
Total market value
$2,115,100
Applied tax rate
982,421.0000
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
For Lease
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
11,285 SF
Lot
1.1 ac (47,916 SF)
Zoning code
IND-1
APN
176-09-193
UPID
US07-0724516
Jurisdiction
MARICOPA
Zoning & alternative use
IND-1 · Fountain Hills, AZ
Zoning IND-1 · permitted uses
IND-1 · Fountain Hills, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fountain Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$5.5M
RETAIL STORES
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$3.9M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Pegasus Deer Valley Owner LLC
Entity
Mailing address
8888 E RAINTREE DR STE #155, SCOTTSDALE, AZ 85260-3952
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$6,291,000
Pegasus Deer Valley Owner LLC
Laser Drive Partners LLC
Special Warranty Deed
—
Oct 31, 2019
—
Laser Drive Partners LLC
Presson Corp
Grant Deed
$1,331,727 · Bankers Tr
Jul 9, 2013
$813,001
Presson Corp
First American Title Ins
Trustees Deed
related
—
Oct 26, 2010
—
Hamann Holdings One LLC
Hamann Family Trust
Quit Claim Deed
related
—
Jul 8, 2005
—
Hamann Elmer Trust
Owner Name Unavailable
Grant Deed
related
—
Mar 28, 1995
—
Hannah Hamann
Hamann Trust
Quit Claim Deed
related
—
Aug 17, 1994
$50,000
Hannah A Hamann
Mcgee
Grant Deed
—
Apr 29, 1991
$492,500
Haman Trustees E
S M Accommodator
Trustees Deed
$137,000 · Seller
Apr 6, 1989
—
Fountain Warehou
Unknown
Grant Deed
related
—
Jan 17, 1989
$616,000
Mortga Sovereign
—
Deed Of Trust
related
—
—
—
Presson Corp
—
Deed Of Trust
related
$1,625,000 · Bankers Tr
—
—
Hamann,tr
—
Deed Of Trust
related
$1,700,000 · Telesis Community Cu
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
