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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Strip malls
16815 Shea Blvd, Fountain Hills, AZ 85268-6667
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-1400094
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
CONCRETE
Total area
8,000 SF
Lot
4.54 ac (197,596 SF)
Zoning code
C-2
APN
176-09-488
UPID
US07-1400094
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
$3.18M
Blend (final)
Blend
$3.14M
Owner & transaction history
Hunter Retail LLC · 11 yrs held
Hunter Retail LLC
since 2014
6 recorded transactions
Zoning & alternative use
C-2 · Fountain Hills, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+126.0%
Retail stores
$3.7M
+112.8%
Auto repair, garage
$3.3M
+90.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,910,000
Change: +126% · Conversion: Easy
RETAIL STORES
$3,685,000
Change: +113% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,295,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$2,795,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±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
$393 / 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
$50,830
Tax year 2023
Assessed value
$937,299
Assessed 2024
Previous assessed
$833,102
+12.5% YoY
Effective rate
5.42%
On assessed value
Land market value
$1,352,800
Improvement market value
$4,327,800
Total market value
$5,680,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
8,000 SF
Lot
4.54 ac (197,596 SF)
Zoning code
C-2
APN
176-09-488
UPID
US07-1400094
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Fountain Hills, AZ
Zoning C-2 · permitted uses
C-2 · 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
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.8M
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
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
4.54 ac
Current owner
From public records · entity-resolved
Hunter Retail LLC
Entity
Mailing address
10689 N PENNSYLVANIA ST STE #100, CARMEL, IN 46280-1099
Ownership since
2014
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
Sep 18, 2014
—
Hunter Retail LLC
Nshe Los Gatos LLC
Grant Deed
related
—
Aug 29, 2014
$9,425,000
Nshe Los Gatos LLC
Inland Wstn Ftn Hills Four
Grant Deed
—
Mar 16, 2010
—
Wstn Ftn Hills Four Pea Inland
—
Deed Of Trust
related
$10,230,000 · J P Morgan Chase Bank
Apr 1, 2005
$31,660,400
Wstn Ftn Hills Four Pea Inland
Kimco Barclay Ftn Hills
Grant Deed
related
—
—
—
Hunter Retail LLC
—
Deed Of Trust
related
$4,000,000 · First Fin'l Bk&tr
—
—
Wstn Ftn Hills Four Pea Inland
—
Deed Of Trust
related
$17,071,500 · Nomura Credit & Capital INC
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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