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Property profile & analytics
FOR LEASE
Strip malls
19011 E San Tan Blvd Queen Creek, AZ 85142
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US07-0535012
For Lease
1 / 2
$2,130,000
19011 E San Tan Blvd, Queen Creek, AZ 85142
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Construction
STEEL FRAME
Total area
12,000 SF
Lot
1.1 ac (48,124 SF)
Zoning code
C-3
APN
304-89-078N
UPID
US07-0535012
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
-
THE POTTERS HOUSE CHRISTIAN CENTER Church
-
Jared Baker: Allstate Insurance Insurance Agency
-
Winters Quarters Water N Ice Restaurant
-
Compassionate Animal Care Clinic/Schelle Veterinary Services Veterinary Clinic
-
R&K Farrier Supplies Metal Fabrication Plant General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.13M
Owner & transaction history
San Tan Center Holdings INC · 15 yrs held
San Tan Center Holdings INC
since 2011
6 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
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,055,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10%
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
$178 / 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
$12,596
Tax year 2023
Assessed value
$241,692
Assessed 2024
Previous assessed
$210,188
+15.0% YoY
Effective rate
5.21%
On assessed value
Land market value
$209,100
Improvement market value
$1,255,702
Total market value
$1,464,802
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
For Lease
Year built
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
12,000 SF
Lot
1.1 ac (48,124 SF)
Zoning code
C-3
APN
304-89-078N
UPID
US07-0535012
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
MEDICAL BUILDING
Est. value
$3.1M
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
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
San Tan Center Holdings INC
Entity
Mailing address
6823 43RD CALGARY AVE NE XX
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
—
San Tan Center Holdings INC
—
Deed
related
$550,000 · Parkway Bank & Trust Co
May 16, 2018
—
Avondale Palmilla Holdings INC
—
Deed
related
$500,000 · San Tan Center Holdings INC
Jul 13, 2011
$425,000
San Tan Center Holdings INC
Meridian Az Properties LLC
Grant Deed
—
Aug 11, 2010
$585,000
Meridian Az Properties LLC
Ledyard David E
Trustees Deed
—
—
—
Avondale Palmilla Holdings INC
—
Deed Of Trust
related
$500,000 · San Tan Center Holdings INC
—
—
San Tan I LLC
—
Deed Of Trust
related
$1,359,898 · 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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