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Property profile & analytics
FOR LEASE
Commercial land
18584 S 187Th Pl Queen Creek, AZ 85142
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1083331
For Lease
1 / 3
Contact for pricing
18584 S 187Th Pl, Queen Creek, AZ 85142
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
5.01 ac (218,145 SF)
Zoning code
I-1
APN
304-62-197
UPID
US07-1083331
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
$2.84M
Owner & transaction history
Power Marketplace Industrial LLC · 2 yrs held
Power Marketplace Industrial LLC
since 2024
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
I-1 · 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
Method
Estimation
Statistic approach
$2,815,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.84M
Range $2.55M – $3.12M · ±10% · vs last sale $2.84M (Aug 5 2022)
Last sale anchor
$2.84M
Aug 5 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
—
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
$13,512
Tax year 2023
Assessed value
$187,395
Assessed 2024
Previous assessed
$187,395
+0.0% YoY
Effective rate
7.21%
On assessed value
Land market value
$1,249,300
Total market value
$1,249,300
Applied tax rate
602,500.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Heating
NONE
Lot
5.01 ac (218,145 SF)
Zoning code
I-1
APN
304-62-197
UPID
US07-1083331
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Queen Creek, AZZoning I-1 · permitted uses
I-1 · Queen Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
5.01 ac
Current owner
From public records · entity-resolved
Power Marketplace Industrial LLC
Entity
Mailing address
440 W 1ST ST STE #201, TUSTIN, CA 92780-3047
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
—
Power Marketplace Industrial L
—
Deed
related
$13,500,000
Jun 4, 2024
—
Power Marketplace Industrial LLC
Patricia B Hansch
Re-recorded Document
related
—
Jun 21, 2023
—
The Exempt Generation Skipping Trus
—
Deed
related
$11,679,775 · Chamberlain Development LLC
Aug 5, 2022
$2,837,000
Patricia B Hansch
Cygnus Home Service LLC
Special Warranty Deed
—
Jun 16, 2020
—
Cygnus Home Service LLC
—
Deed
related
$100,000,000 · Deneb Real Estate LLC
Jun 23, 2006
$1,145,256
Schwans Home Service INC
Power Road Market Place LLC
Grant Deed
—
—
—
Cygnus Home Service LLC
—
Deed Of Trust
related
$100,000,000 · Deneb Real Estate LLC
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?”
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