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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Office buildings
17257 Shea Blvd Fountain Hills, AZ 85268-6631
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0704537
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
4,200 SF
Lot
1.71 ac (74,662 SF)
Zoning code
C-1
APN
176-10-249
UPID
US07-0704537
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
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Arizona Propane Company INC · 2 yrs held
Arizona Propane Company INC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
C-1 · Fountain Hills, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+201.9%
Retail stores
$1.9M
+184.3%
Auto repair, garage
$1.7M
+154.3%
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
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,055,000
Change: +202% · Conversion: Easy
RETAIL STORES
$1,935,000
Change: +184% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,730,000
Change: +154% · Conversion: Difficult
MEDICAL BUILDING
$1,465,000
Change: +116% · Conversion: Easy
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Jun 14 2024)
Last sale anchor
$2.00M
Jun 14 2024
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
$476 / 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
$12,708
Tax year 2022
Assessed value
$262,771
Assessed 2024
Previous assessed
$262,771
+0.0% YoY
Effective rate
4.84%
On assessed value
Land market value
$749,800
Improvement market value
$855,700
Total market value
$1,605,500
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
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
4,200 SF
Lot
1.71 ac (74,662 SF)
Zoning code
C-1
APN
176-10-249
UPID
US07-0704537
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Fountain Hills, AZ
Zoning C-1 · permitted uses
C-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
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
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
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Arizona Propane Company INC
Entity
Mailing address
1725 E SHEA BLVD, FOUNTAIN HILLS, AZ 85268
Ownership since
2024
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
Jun 14, 2024
$2,000,000
Arizona Propane Company INC
Elizabeth Matej Horchem
Special Warranty Deed
$1,640,000 · Eh H Trust
Apr 29, 2020
—
E,m-h Trust
Elizabeth Matej-horchem
Quit Claim Deed
related
—
Dec 15, 2010
$725,000
Elizabeth Matej-horchem
Meridian Az Properties LLC
Grant Deed
—
Jul 30, 2010
$981,000
Meridian Az Properties LLC
Weatherwax David A
Trustees Deed
related
—
Jul 30, 2010
$567,000
Meridian Az Properties LLC
Weatherwax David A
Trustees Deed
related
—
Sep 6, 2005
—
17251 Shea LLC
Kern,phyliss L
Quit Claim Deed
related
—
Oct 5, 2004
—
Phyliss L Kern
—
Trustees Deed
related
$700,000 · Meridian Bank
Aug 18, 2003
—
Martin L Dawson
Lanzon,germaine S
Quit Claim Deed
related
—
Aug 18, 2003
$575,000
Phyliss L Kern
Dawson,martin L
Grant Deed
$310,000 · Martin L Dawson
Apr 1, 2003
—
K & N Asset Management LP
Denoyer,kevin
Grant Deed
related
—
Jan 23, 1989
—
Martin L Dawson
Unknown
Grant Deed
related
—
—
—
Phyliss L Kern
—
Deed Of Trust
related
$250,000 · Meridian Bank
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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