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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
Current use
Occupant on record · Public records
-
Car Dealership
-
(Bike/Boat/Book/etc) Store Auto Parts Store
-
Plumbing Service General Contractor
-
Car Wash
-
Interior Design Home Decor Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$4.29M
Owner & transaction history
since 2020
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
EMP A · Queen Creek, AZ
Top alternative use upside
Restaurant
$4.2M
+148.3%
Auto repair, garage
$3.2M
+93.4%
Retail stores
$2.5M
+46.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 10 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.29M
Value range
$3.86M – $4.72M
±10% around blend
Estimated value / SF
$588 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$3.86M
blend $4.29M
$4.72M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,300 SF
Lot area
1.16 ac
Year built
2019
Stories
1
APN
304-62-205
Zoning
EMP A
Assessed value
$440,583
Annual tax
$24,083
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$24,083
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.17M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.4 mi away · 6,158 SF
13.0 mi away · 9,000 SF
16.0 mi away · 7,739 SF
16.3 mi away · 7,336 SF
17.4 mi away · 6,992 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.29M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1188 sales
$230
+156%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $588/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+148%
vs current-use indication
Auto Repair, Garage
Retail Stores
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.89M
Move the market yield to see immediate price impact.
Value / SF
$259
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$119k
$2.38M
$1.70M
$1.32M
$132k
$2.65M
$1.89M
$1.47M
$146k
$2.91M
$2.08M
$1.62M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.00M
9.0 mi · Mar 2026 · $171/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, AZZoning EMP A · permitted uses
EMP A · Queen Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
EMP A
Jurisdiction
Queen Creek, AZ
Recorded code
EMP A
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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