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Property profile & analytics
OFF-MARKET
Estimated value
$10,445,000
Strip malls
21805 Ellsworth Rd Queen Creek, AZ 85142-5997
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-0614161
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
18,980 SF
Lot
3.8 ac (165,450 SF)
Zoning code
C-2
APN
304-66-741
UPID
US07-0614161
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
-
SalonCentric (Bike/Boat/Book/etc) Store Cosmetic Store
-
Eco Spark Energy Solar Energy Company Handyman/Handywoman/Handyperson
-
Elizabeth Homas-Mckenna Pediatrician Medical Clinic
-
Richard Heck Pediatrician Medical Clinic
-
Sandra Romero Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.98M
Blend (final)
Blend
$10.45M
Owner & transaction history
Pv Queen Creek LLC · 10 yrs held
Pv Queen Creek LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-2 · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 is to provide General commercial activities designed to serve the community such as repair shops, wholesale businesses, warehousing, and limited retail sales, with some outdoor display of goods, but limited outdoor operations
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
882.60 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$15.2M
+154.1%
Restaurant
$10.8M
+80.5%
Auto repair, garage
$8.4M
+40.6%
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
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
COMMERCIAL (GENERAL)
$15,230,000
Change: +154% · Conversion: Easy
RESTAURANT
$10,820,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,425,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$6,385,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$10.45M
Range $9.40M – $11.49M · ±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
$550 / 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
$71,664
Tax year 2023
Assessed value
$1,184,271
Assessed 2024
Previous assessed
$1,015,121
+16.7% YoY
Effective rate
6.05%
On assessed value
Land market value
$1,928,300
Improvement market value
$5,249,100
Total market value
$7,177,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
18,980 SF
Lot
3.8 ac (165,450 SF)
Zoning code
C-2
APN
304-66-741
UPID
US07-0614161
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Queen Creek, AZZoning C-2 · permitted uses
C-2 · 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 C-2 is to provide General commercial activities designed to serve the community such as repair shops, wholesale businesses, warehousing, and limited retail sales, with some outdoor display of goods, but limited outdoor operations
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
882.60 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$15.2M
RESTAURANT
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RETAIL STORES
Est. value
$6.4M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.8 ac
Current owner
From public records · entity-resolved
Pv Queen Creek LLC
Entity
Mailing address
21805 S ELLSWORTH RD, QUEEN CREEK, AZ 85142-5997
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2016
—
Pv Queen Creek LLC
Pv Dysart LLC
Quit Claim Deed
related
$6,500,000 · Bank Of Ny Mellon
Apr 22, 2015
$5,968,800
Pv Dysart LLC
21803 S Ellsworth LLC
Grant Deed
—
Jan 10, 2012
—
21803 S Ellsworth LLC
—
Deed Of Trust
related
$2,209,200 · Omniamerican Bank
Jun 2, 2011
$2,630,000
21803 S Ellsworth LLC
Wells Fargo Bk N 2007-c5
Grant Deed
$2,209,200 · Omniamerican Bank
Nov 5, 2009
$6,100,000
First Boston Mtg Secs Corp 20
Security Title Agency INC
Trustees Deed
related
—
Jun 29, 2007
$19,642,628
Ocotillo Sandhurst I Ellsworth
Qcsc LLC
Grant Deed
$15,200,000 · Column Financial INC
—
—
21803 S Ellsworth LLC
—
Deed Of Trust
related
$3,400,000 · Alliance Bank Of Arizona
—
—
21803 S Ellsworth LLC
—
Deed Of Trust
related
$2,209,200 · Omniamerican Bank
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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