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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Strip malls
18933 San Tan Blvd Queen Creek, AZ 85142-2000
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2301453
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
STEEL FRAME
Total area
7,876 SF
Lot
1.75 ac (76,292 SF)
Zoning code
C-3
APN
304-89-058M
UPID
US07-2301453
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
-
Solid Ground Brazilian Jiu-Jitsu Training Center Sports School
-
Wing SZN - Queen Creek Restaurant
-
Chelsey Liaga, LMSW | Queen Creek Couples Therapist Psychotherapist
-
Pizza & Wings Express Restaurant
-
MJ'S Rolling Doh Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$4.28M
Blend (final)
Blend
$3.06M
Owner & transaction history
Fulks,patricia M Trust · 6 yrs held
Fulks,patricia M Trust
since 2020
Last sale
$2.9M
2 recorded transactions
Zoning & alternative use
C-3 · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-3 is to provide for a mixture of shopping, housing, recreation and employment opportunities to serve a regional market greater than the Town, Retail malls and power centers, auto dealers, major office centers, hospitals, apartments and condominiums and other similar larger scale and higher intensity uses are anticipated
Zone name
Regional Commercial Center District
General category
CIVIC_INSTITUTIONAL
Zone area
35.68 ac
Source
Realmo
Top alternative use upside
Restaurant
$4.5M
+80.5%
Auto repair, garage
$3.5M
+40.6%
Retail stores
$2.7M
+6.5%
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
$2,380,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,210,000
6.5%
$2,040,000
7%
$1,895,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,485,000
Current use
RESTAURANT
$4,490,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,495,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$2,650,000
Change: +7% · Conversion: Easy
MEDICAL BUILDING
$2,005,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±10% · vs last sale $2.90M (Mar 5 2020)
Last sale anchor
$2.90M
Mar 5 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
$389 / 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
$35,115
Tax year 2023
Assessed value
$461,372
Assessed 2024
Previous assessed
$385,302
+19.7% YoY
Effective rate
7.61%
On assessed value
Land market value
$354,800
Improvement market value
$2,454,938
Total market value
$2,809,738
Applied tax rate
800,041.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
3
Stories
1
Units
3
Total area
7,876 SF
Lot
1.75 ac (76,292 SF)
Zoning code
C-3
APN
304-89-058M
UPID
US07-2301453
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Queen Creek, AZZoning C-3 · permitted uses
C-3 · Queen Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-3 is to provide for a mixture of shopping, housing, recreation and employment opportunities to serve a regional market greater than the Town, Retail malls and power centers, auto dealers, major office centers, hospitals, apartments and condominiums and other similar larger scale and higher intensity uses are anticipated
Zone name
Regional Commercial Center District
General category
CIVIC_INSTITUTIONAL
Zone area
35.68 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
3
Units
3
Lot
1.75 ac
Current owner
From public records · entity-resolved
Fulks,patricia M Trust
Trust
Free & Clear · 6 yrs held
Mailing address
1807 W FALCON DR, CHANDLER, AZ 85286-8069
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2020
—
Fulks,patricia M Trust
Patricia M Fulks
Quit Claim Deed
related
—
Mar 5, 2020
$2,900,000
Orchard Group LLC
Rancho LLC
Special Warranty Deed
$2,030,000 · Midfirst 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.
Try Rey
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