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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Grocery and convenience stores
17125 Shea Blvd Fountain Hills, AZ 85268-6611
Individually Owned
3-yr Hold
Free & Clear
Property ID
US07-0086465
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Construction
CONCRETE
Total area
3,986 SF
Lot
1.21 ac (52,533 SF)
Zoning code
C-2
APN
176-10-478
UPID
US07-0086465
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
$1.34M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.61M
Owner & transaction history
Jeri A Wam · 3 yrs held
Jeri A Wam
since 2022
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
C-2 · Fountain Hills, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Town of Fountain Hills Zoning Ordinance Chapter 6 Page 32 of 34 November 1, 2012 1752356.9 5. In the C-2, C-3, and TCCD zoning districts, a secondary entrance wall sign is allowed in addition to total aggregate sign area if the following criteria are met: a. Wall sign areas shall not exceed 25% of primary total aggr
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
246.89 ac
Source
Zoning Ordinance
Top alternative use upside
Commercial (general)
$2.0M
+126.0%
Retail stores
$1.8M
+112.8%
Auto repair, garage
$1.6M
+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
$1,610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,340,000
7%
$1,245,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,950,000
Change: +126% · Conversion: Easy
RETAIL STORES
$1,835,000
Change: +113% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,640,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$1,395,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.63M (Dec 30 2022)
Last sale anchor
$1.63M
Dec 30 2022
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
$404 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$10,733
Tax year 2022
Assessed value
$185,807
Assessed 2024
Previous assessed
$169,592
+9.6% YoY
Effective rate
5.78%
On assessed value
Land market value
$519,700
Improvement market value
$606,400
Total market value
$1,126,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
2
Total area
3,986 SF
Lot
1.21 ac (52,533 SF)
Zoning code
C-2
APN
176-10-478
UPID
US07-0086465
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Fountain Hills, AZZoning 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
Zoning description
Town of Fountain Hills Zoning Ordinance Chapter 6 Page 32 of 34 November 1, 2012 1752356.9 5. In the C-2, C-3, and TCCD zoning districts, a secondary entrance wall sign is allowed in addition to total aggregate sign area if the following criteria are met: a. Wall sign areas shall not exceed 25% of primary total aggr
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
246.89 ac
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
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
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
Jeri A Wam
Individual
Free & Clear · 3 yrs held
Mailing address
3007 CONAR ST, FRANKLIN, TN 37064-3748
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$1,626,000
Jeri A Wam
Janice L Eckenrode
Special Warranty Deed
—
Dec 18, 2012
—
Macchiaroli Mary L Trust
James Macchiaroli Family Props
Quit Claim Deed
related
—
Apr 5, 2005
$2,379,562
James Macchiaroli Fam Props Ll
Circle K Stores INC
Grant Deed
—
Nov 3, 2004
$2,200,000
Circle K Stores INC
Equilon Ents LLC
Grant Deed
—
Sep 15, 1999
$1,900,000
Equilon Enterprises LLC
Roadrunner Depot #1 LP
Grant Deed
—
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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