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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Office buildings
19082 R H Johnson Blvd Sun City West, AZ 85375-4482
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0825993
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
CONCRETE
Total area
8,062 SF
Lot
0.79 ac (34,195 SF)
Zoning code
C-2
APN
232-12-004
UPID
US07-0825993
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
by Request
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$1.88M
Owner & transaction history
Thomas Horne · 2 yrs held
Thomas Horne
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C-2 · Sun City West, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+59.4%
Neighborhood: shopping center
$2.1M
+58.0%
Industrial (general)
$1.9M
+39.6%
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 Sun City West submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun City West 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
$1,585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,485,000
6.5%
$2,295,000
7%
$2,130,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,325,000
Current use
MEDICAL BUILDING
$2,115,000
Change: +59% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,095,000
Change: +58% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,850,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10% · vs last sale $1.30M (Nov 8 2023)
Last sale anchor
$1.30M
Nov 8 2023
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
$233 / 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
$17,447
Tax year 2023
Assessed value
$238,211
Assessed 2024
Previous assessed
$216,920
+9.8% YoY
Effective rate
7.32%
On assessed value
Land market value
$758,400
Improvement market value
$685,300
Total market value
$1,443,700
Applied tax rate
890,007.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,062 SF
Lot
0.79 ac (34,195 SF)
Zoning code
C-2
APN
232-12-004
UPID
US07-0825993
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Sun City West, AZZoning C-2 · permitted uses
C-2 · Sun City West, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Thomas Horne
Individual
Mailing address
2824 E MSN LN, PHOENIX, AZ 85028-5325
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2023
—
Thomas Horne
Thomas C Horne
Intrafamily Transfer
related
—
Oct 29, 2010
$1,300,000
Thomas C Horne
Beka II LLC
Grant Deed
—
Jun 14, 2002
—
Beka III LLC
—
Deed Of Trust
related
$1,779,700 · Stockmen's Bank
Jan 24, 2000
$806,000
Beka II LLC
Freytag Trust
Grant Deed
—
Aug 19, 1996
—
Bernd B Freytag
Bernd Freytag
Quit Claim Deed
related
—
Aug 26, 1992
$55,000
Bernd B Freytag
Rtc
Grant Deed
—
—
—
Beka II LLC
—
Deed Of Trust
related
$200,000 · Stockmen's Bank
—
—
Beka II LLC
—
Deed Of Trust
related
$600,000 · Stockmen's Bank
—
—
Beka II LLC
—
Deed Of Trust
related
$600,000 · Arrowhead Community Bank
—
—
Beka II LLC
—
Deed Of Trust
related
$810,000 · Stockmans 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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