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Property profile & analytics
OFF-MARKET
Industrial land
21141 185th Ave Surprise, AZ 85387
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-1806872
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
9.17 ac (399,315 SF)
Zoning code
I-2
APN
503-75-001B
UPID
US07-1806872
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
Zona West 185 LLC · 6 yrs held
Zona West 185 LLC
since 2019
2 recorded transactions
Zoning & alternative use
I-2 · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
al C-3 General commercial CR Regional commercial C-3 Regional commercial C-RS Resort commercial MU-3 Mixed use resort BP Business park BP Business park I-1 Light industrial IP Industrial performance I-1 Light industrial I-2 Heavy industrial IG Industrial general I-2 General industrial I-3 Landfill and mineral extraction ILM Industrial land mineral extraction…
Zone name
Industrial General
General category
INDUSTRIAL
Zone area
454.52 ac
Source
municipal code
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 Surprise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surprise 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,277
Tax year 2023
Assessed value
$26,460
Assessed 2024
Previous assessed
$23,100
+14.5% YoY
Effective rate
8.61%
On assessed value
Land market value
$176,400
Total market value
$176,400
Applied tax rate
891,500.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
9.17 ac (399,315 SF)
Zoning code
I-2
APN
503-75-001B
UPID
US07-1806872
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Surprise, AZZoning I-2 · permitted uses
I-2 · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
al C-3 General commercial CR Regional commercial C-3 Regional commercial C-RS Resort commercial MU-3 Mixed use resort BP Business park BP Business park I-1 Light industrial IP Industrial performance I-1 Light industrial I-2 Heavy industrial IG Industrial general I-2 General industrial I-3 Landfill and mineral extraction ILM Industrial land mineral extraction I-3 Heavy industrial GU Governmental use PF Public facilities PF Public facilities
Zone name
Industrial General
General category
INDUSTRIAL
Zone area
454.52 ac
Source
municipal code
Building & site characteristics
From public records
Heating
NONE
Lot
9.17 ac
Current owner
From public records · entity-resolved
Zona West 185 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
25915 N 101ST AVE, PEORIA, AZ 85383-2726
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2019
$104,000
Zona West 185 LLC
Ina Group LLC
Grant Deed
—
May 10, 2019
—
Ina Group LLC
Treasurer Of Maricopa County|sun City Lions Recycl
Tax 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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