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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Parking lots & garages
20301 Germann Rd Queen Creek, AZ 85142-9750
Individually Owned
23-yr Hold
Property ID
US07-0372684
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1994
Construction
STEEL FRAME
Total area
3,068 SF
Lot
4.52 ac (196,891 SF)
Zoning code
R1-43
APN
304-62-029
UPID
US07-0372684
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
-
Queen Creek Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$920k
Owner & transaction history
Victor Sanchez · 23 yrs held
Victor Sanchez
since 2002
4 recorded transactions
Zoning & alternative use
R1-43 · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+90.0%
Retail stores
$1.0M
+44.0%
Neighborhood: shopping center
$970,000
+35.2%
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
PARKING LOT
$715,000
Current use
AUTO REPAIR, GARAGE
$1,360,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$1,030,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$780,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$630,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$300 / 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
$3,605
Tax year 2023
Assessed value
$63,483
Assessed 2024
Previous assessed
$72,320
-12.2% YoY
Effective rate
5.68%
On assessed value
Land market value
$564,600
Improvement market value
$70,227
Total market value
$634,827
Applied tax rate
952,507.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
3,068 SF
Lot
4.52 ac (196,891 SF)
Zoning code
R1-43
APN
304-62-029
UPID
US07-0372684
Jurisdiction
MARICOPA
Zoning & alternative use
R1-43 · Queen Creek, AZ
Zoning R1-43 · permitted uses
R1-43 · Queen Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Queen Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$970,000
MEDICAL BUILDING
Est. value
$780,000
OFFICE BUILDING
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$630,000
PARKING LOT Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1994
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
4.52 ac
Current owner
From public records · entity-resolved
Victor Sanchez
Individual
Mailing address
20301 E GERMANN RD, QUEEN CREEK, AZ 85142-9750
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2002
$280,000
Victor Sanchez
Kimball,steve L & Betty L
Grant Deed
$266,000 · Shelter Mortgage Corp
Dec 23, 1992
$70,000
Steve L Kimball
Nichols Trust
Grant Deed
$65,000 · Seller
—
—
Steve L Kimball
—
Deed Of Trust
related
$37,400 · Commercial Credit Corp
—
—
Steve L Kimball
—
Deed Of Trust
related
$113,250 · Creative Mortgage Sources INC
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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