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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office Spaces
1968 Peart Rd Ste 1 Casa Grande, AZ 85122-2496
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1568388
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Construction
STEEL FRAME
Total area
4,376 SF
Lot
0.05 ac (2,178 SF)
APN
505-59-3570
UPID
US07-1568388
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
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$827k
Blend (final)
Blend
$660k
Owner & transaction history
Jap Peart LLC · 1 yrs held
Jap Peart LLC
since 2024
Last sale
$659,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$675,000
+11.5%
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 Casa Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Casa Grande 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
$660,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Current use
COMMERCIAL (GENERAL)
$675,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $659k (Sep 19 2024)
Last sale anchor
$659k
Sep 19 2024
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
$151 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,091
Tax year 2024
Assessed value
$60,798
Assessed 2025
Previous assessed
$60,798
+0.0% YoY
Effective rate
10.02%
On assessed value
Assessed land
$1,800
Assessed improvement
$58,998
Land market value
$10,000
Improvement market value
$327,767
Total market value
$337,767
Applied tax rate
403.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
4,376 SF
Lot
0.05 ac (2,178 SF)
APN
505-59-3570
UPID
US07-1568388
Jurisdiction
PINAL
Zoning & alternative use
Zoning · permitted uses
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
$605,000
COMMERCIAL (GENERAL)
Est. value
$675,000
OFFICE BUILDING Current
COMMERCIAL (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
2007
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Jap Peart LLC
Entity
Mailing address
2401 W HARRISON ST STE #360, CHANDLER, AZ 85224-3405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$659,000
Jap Peart LLC
Evlt LLC
Special Warranty Deed
—
Oct 26, 2021
$520,000
Evlt LLC
Desert Care Holdings LLC
Special Warranty Deed
—
Sep 26, 2012
—
Desert Care Holdings LLC
Fnbn Utaz LLC
Special Warranty Deed
$327,257 · Jpmorgan Chase Bank NA
Sep 26, 2012
$235,000
Desert Care Holdings LLC
Fnbn Utaz LLC
Grant Deed
related
—
Nov 14, 2005
$1,140,000
Grande Dev L Casa
Peart 80 LLC
Grant Deed
$2,587,500 · First National Bank Arizona
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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