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Property profile & analytics
OFF-MARKET
Commercial real estate
21016 Maddock Rd Morristown, AZ 85342-1210
Individually Owned
5-yr Hold
Free & Clear
Property ID
US07-0897650
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
STEEL FRAME
Total area
312 SF
Lot
17.53 ac (763,737 SF)
Zoning code
RU-190
APN
503-12-007D
UPID
US07-0897650
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Samuel D Clark · 5 yrs held
Samuel D Clark
since 2021
Last sale
$525,000
6 recorded transactions
Zoning & alternative use
RU-190 · Morristown, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$80
Tax year 2022
Assessed value
$7,838
Assessed 2024
Previous assessed
$4,944
+58.5% YoY
Effective rate
1.02%
On assessed value
Land market value
$17,396
Improvement market value
$31,023
Total market value
$48,419
Applied tax rate
810,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
312 SF
Lot
17.53 ac (763,737 SF)
Zoning code
RU-190
APN
503-12-007D
UPID
US07-0897650
Jurisdiction
MARICOPA
Zoning & alternative use
RU-190 · Morristown, AZ
Zoning RU-190 · permitted uses
RU-190 · Morristown, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morristown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
17.53 ac
Current owner
From public records · entity-resolved
Samuel D Clark
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 1010, WILSON, WY 83014-1010
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2021
$525,000
Samuel D Clark
Michael T Cowley
Special Warranty Deed
—
Dec 19, 2007
—
Allen-cowley Living Trust
Cowley,michael T
Quit Claim Deed
related
—
Oct 18, 2005
—
Anc Turst
Cowley,michael T
Quit Claim Deed
related
—
Jun 7, 2005
—
Michael T Cowley
Cowley Trust
Quit Claim Deed
related
—
Jul 30, 2004
—
Michael T Cowley
Cowley,michael T
Quit Claim Deed
related
—
Nov 29, 1996
$35,060
Michael T Cowley
Deputy Partners
Grant Deed
$26,295 · Seller
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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