Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate
21454 198th Cir Queen Creek, AZ 85142
Individually Owned
19-yr Hold
Free & Clear
Property ID
US07-1402448
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Lot
3.58 ac (155,843 SF)
Zoning code
PRC
APN
304-66-818
UPID
US07-1402448
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
Victoria Estates H/os Assn · 19 yrs held
Victoria Estates H/os Assn
since 2007
1 recorded transaction
Zoning & alternative use
PRC · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of PRC is to conserve and protect open space, washes, natural desert lands, wildlife habitats, and lands agreed to be left undeveloped through the plan approval process, The primary purpose of designating these areas is to raise the degree of assurance that such areas will remain open
Zone name
Parks Recreation And Conservation Zone District
General category
OPEN_SPACE
Zone area
1,688.18 ac
Source
Realmo
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
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
$181
Tax year 2023
Assessed value
$50
Assessed 2024
Previous assessed
$50
+0.0% YoY
Effective rate
362.00%
On assessed value
Land market value
$500
Total market value
$500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Lot
3.58 ac (155,843 SF)
Zoning code
PRC
APN
304-66-818
UPID
US07-1402448
Jurisdiction
MARICOPA
Zoning & alternative use
PRC · Queen Creek, AZZoning PRC · permitted uses
PRC · Queen Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of PRC is to conserve and protect open space, washes, natural desert lands, wildlife habitats, and lands agreed to be left undeveloped through the plan approval process, The primary purpose of designating these areas is to raise the degree of assurance that such areas will remain open
Zone name
Parks Recreation And Conservation Zone District
General category
OPEN_SPACE
Zone area
1,688.18 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Lot
3.58 ac
Current owner
From public records · entity-resolved
Victoria Estates H/os Assn
Individual
Free & Clear · 19 yrs held
Mailing address
4250 N DRINKWATER BLVD STE #170, SCOTTSDALE, AZ 85251-3985
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2007
—
Victoria Estates H/os Assn
Specres INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21454 198th Cir?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
