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Property profile & analytics
FOR LEASE
Retail space
21 S Signal Butte Rd Apache Junction, AZ 85120
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1258778
For Lease
1 / 18
$1,390,000
21 S Signal Butte Rd, Apache Junction, AZ 85120
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Property summary
AI-generated overview
This exceptional single-story, multi-tenant retail building, located at 21 S Signal Butte Rd, Apache Junction, AZ 85120, presents a fantastic leasing opportunity. Boasting a total of 6,402 square feet on a 0.83-acre lot (36,155 sq ft), this Class B property, built in 2007, offers ample space for various retail and restaurant uses. The convenient location at the intersection of Main Street & Signal Butte Rd ensures high visibility and accessibility. The property is zoned LC and features 20 parking spaces for customer convenience. Currently, the building houses tenants including Fast Insurance and Liberty Tax, demonstrating strong existing occupancy. This property is situated in the East Valley submarket of Phoenix, within Maricopa County, and offers a prime location for businesses seeking exposure in a thriving community. The property's APN is 220-58-001J. This is an ideal opportunity for businesses looking to establish or expand their presence in a high-traffic area. The property's single-story design and ample parking make it an attractive option for a variety of retail concepts. Don't miss this chance to secure a space in this well-maintained and strategically located retail center.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
CONCRETE
Total area
6,466 SF
Lot
0.82 ac (35,890 SF)
Zoning code
LC
APN
220-58-001J
UPID
US07-1258778
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
-
Fast Insurance Insurance Agency
-
Western Union Bank Credit Union
-
Liberty Tax Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.39M
Owner & transaction history
Baune Family Trust · 7 yrs held
Baune Family Trust
since 2018
4 recorded transactions
Zoning & alternative use
LC · Apache Junction, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+52.0%
Medical building
$1.6M
+22.5%
Office building
$1.5M
+15.1%
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 Apache Junction submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apache Junction 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
RETAIL STORES
$1,345,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,040,000
Change: +52% · Conversion: Moderate
MEDICAL BUILDING
$1,645,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,545,000
Change: +15% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,390,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,325,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±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
$215 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$14,151
Tax year 2022
Assessed value
$272,353
Assessed 2024
Previous assessed
$233,257
+16.8% YoY
Effective rate
5.20%
On assessed value
Land market value
$499,100
Improvement market value
$1,151,527
Total market value
$1,650,627
Applied tax rate
41,012.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
6,466 SF
Lot
0.82 ac (35,890 SF)
Zoning code
LC
APN
220-58-001J
UPID
US07-1258778
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Apache Junction, AZ
Zoning LC · permitted uses
LC · Apache Junction, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apache Junction. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2006
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Baune Family Trust
Trust
Mailing address
21044 N COBURG RD, HARRISBURG, OR 97446-9749
Ownership since
2018
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
Feb 14, 2022
—
James L Baune
—
Deed
related
$1,600,000 · Mountain America FCU
Aug 15, 2018
$2,010,000
Baune Family Trust
Nba LLC
Grant Deed
—
Feb 21, 2008
$2,300,000
Nba LLC
Empire Commercial Dev LLC
Grant Deed
$1,610,000 · Union Bank Of California
Jul 20, 2006
—
City Of Mesa
Empire Commercial Dev LLC
Grant 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.
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