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Property profile & analytics
FOR LEASE
Warehouses
20955 E Ocotillo Rd, Queen Creek, AZ 85142
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-2472830
For Lease
1 / 5
$1,300,000
20955 E Ocotillo Rd, Queen Creek, AZ 85142
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
CONCRETE
Total area
7,440 SF
Lot
0.52 ac (22,500 SF)
Zoning code
R1-43
APN
304-65-001C
UPID
US07-2472830
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
-
QC Garage Door Repair Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.30M
Owner & transaction history
Bros Retail Group LLC · 2 yrs held
Bros Retail Group LLC
since 2024
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
R1-43 · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+24.4%
Office building
$1.8M
+16.9%
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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$1,275,000
6.5%
$1,175,000
7%
$1,095,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,525,000
Current use
MEDICAL BUILDING
$1,895,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,780,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Feb 1 2024)
Last sale anchor
$1.30M
Feb 1 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
$175 / 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
$7,703
Tax year 2023
Assessed value
$158,202
Assessed 2024
Previous assessed
$126,786
+24.8% YoY
Effective rate
4.87%
On assessed value
Land market value
$341,400
Improvement market value
$617,400
Total market value
$958,800
Applied tax rate
952,506.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1964
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
7,440 SF
Lot
0.52 ac (22,500 SF)
Zoning code
R1-43
APN
304-65-001C
UPID
US07-2472830
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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1964
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Bros Retail Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6530 N 65TH ST, PHOENIX, AZ 85016
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
$1,300,000
Bros Retail Group LLC
Eric L Clausen
Special Warranty Deed
—
Nov 27, 2018
—
Eric L Clausen
Clausen Family Trust
Quit Claim Deed
related
—
Feb 13, 2012
—
Clausen Family Trust
Clausen,robert L & Mary L
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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