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Property profile & analytics
FOR LEASE
Flex space
18625 S 187Th Pl, Queen Creek, AZ 85142
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-1353884
For Lease
1 / 12
$29 SF/Yr
18625 S 187Th Pl, Queen Creek, AZ 85142
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Property summary
AI-generated overview
Power Marketplace offers exceptional industrial space for lease in the desirable Gateway Airport Loop 202 submarket of Maricopa County. This modern 17,087 square foot building, constructed in 2019, sits on a 1.16-acre lot (approximately 50,721 square feet) and features 16 bays in a commercial small bay configuration. The property is zoned CMP A, providing flexibility for various manufacturing, warehouse, and distribution uses. Multiple tenancy options are available, with a minimum divisible space of 1,001 square feet and a maximum contiguous space of 1,064 square feet. Currently, 2,065 square feet of space is vacant and ready for immediate occupancy. The property's convenient location near Power Road and Germann Road offers excellent access to major transportation routes. Its modern design and ample space make it an ideal location for businesses seeking efficient and well-located industrial facilities. The property's APN is 304-62-205. Contact us today to learn more about leasing opportunities at this prime industrial location.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2019
Construction
CONCRETE
Total area
7,300 SF
Lot
1.16 ac (50,722 SF)
Zoning code
EMP A
APN
304-62-205
UPID
US07-1353884
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
Current use
Occupant on record · Public records
-
Luxor Imports Car Dealership
-
LugWrench Heroes Mobile Tire Service (Bike/Boat/Book/etc) Store Auto Parts Store
-
The Guarantee Guys Plumbing Service General Contractor
-
ANTI Mobile Auto Detailing Car Wash
-
Ampersand Interiors Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$3.25M
Owner & transaction history
Pe LLC · 5 yrs held
Pe LLC
since 2020
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
EMP A · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+148.3%
Auto repair, garage
$3.2M
+93.4%
Retail stores
$2.5M
+46.5%
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
$4,290,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,160,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,240,000
Change: +93% · Conversion: Easy
RETAIL STORES
$2,455,000
Change: +47% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,305,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±10% · vs last sale $3.45M (Nov 16 2020)
Last sale anchor
$3.45M
Nov 16 2020
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
$445 / 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
$24,083
Tax year 2023
Assessed value
$440,583
Assessed 2024
Previous assessed
$363,171
+21.3% YoY
Effective rate
5.47%
On assessed value
Land market value
$310,300
Improvement market value
$2,359,900
Total market value
$2,670,200
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2019
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
7,300 SF
Lot
1.16 ac (50,722 SF)
Zoning code
EMP A
APN
304-62-205
UPID
US07-1353884
Jurisdiction
MARICOPA
Zoning & alternative use
EMP A · Queen Creek, AZ
Zoning EMP A · permitted uses
EMP A · Queen Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Queen Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Pe LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 77697, CORONA, CA 92877-0123
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2020
$3,450,000
Pe LLC
Sbc 3 LLC
Grant Deed
—
Nov 16, 2020
—
Pe LLC
—
Deed
related
$9,000,000 · Umb Bk
Mar 29, 2019
—
Sbc 3 LLC
—
Trustees Deed
related
$1,775,000 · Metro Phoenix Bk
Mar 30, 2018
$215,569
Sbc 3 LLC
Ranchland Holdings I LLC
Grant Deed
—
Oct 30, 2012
$335,000
Ranchland Holdings I LLC
Power Industrial Park LLC
Grant Deed
—
Dec 20, 2006
$1,321,593
Power Industrial Park LLC
Power Road Market Place LLC
Grant Deed
related
$707,500 · M & I Marshall & Isley Bank
—
—
Power Industrial Park LLC
—
Deed Of Trust
related
$65,000 · M & I Marshall & Isley Bank
—
—
Pe LLC
—
Loan Modification
related
$9,000,000 · Umb Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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