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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Commercial real estate
1904 Rim Vw Ln Heber, AZ 85928-5986
Individually Owned
Property ID
US07-1175071
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Construction
STEEL FRAME
Total area
2,028 SF
Lot
2.01 ac (87,556 SF)
Zoning code
R1-43
APN
207-18-038A
UPID
US07-1175071
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
$540k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$505k
Owner & transaction history
John E Melser
John E Melser
since 2026
6 recorded transactions
Zoning & alternative use
R1-43 · Heber, 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 Heber submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Heber 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
$515,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$330,000
Current use
OFFICE BUILDING
$315,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$249 / 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
$2,153
Tax year 2023
Assessed value
$14,002
Assessed 2025
Previous assessed
$51,911
-73.0% YoY
Effective rate
15.38%
On assessed value
Assessed land
$14,002
Land market value
$77,789
Total market value
$77,789
Applied tax rate
643.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
RADIANT
Stories
1
Total area
2,028 SF
Lot
2.01 ac (87,556 SF)
Zoning code
R1-43
APN
207-18-038A
UPID
US07-1175071
Jurisdiction
NAVAJO
Zoning & alternative use
R1-43 · Heber, AZ
Zoning R1-43 · permitted uses
R1-43 · Heber, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Heber. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$330,000
OFFICE BUILDING
Est. value
$315,000
COMMERCIAL (GENERAL) Current
OFFICE 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
RADIANT
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
John E Melser
Individual
Mailing address
PO BOX 2752, OVERGAARD, AZ 85933-2752
Ownership since
2026
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
Jan 12, 2026
—
John E Melser
Alan Juliano
Deed
—
Apr 17, 2025
$525,000
Alan Juliano
Jack Wesley Gauman
Warranty Deed
—
Jul 18, 2008
—
Jack W Gauman
Gauman Living Trust
Quit Claim Deed
related
$206,037 · American General Home Equity
Feb 9, 2005
$148,000
Gauman Trust
Chastain,troy L & Judith A
Warranty Deed
—
—
—
Troy L Chastain
—
Deed Of Trust
related
$105,000 · Chambers Mortgage Group INC
—
—
Davis Trust
—
Deed Of Trust
related
$50,000 · Bank One NA
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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