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Property profile & analytics
OFF-MARKET
Parking lots & garages
22246 214th Way, Queen Creek, AZ 85142-9320
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0747028
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1985
Construction
STEEL FRAME
Total area
484 SF
Lot
0.2 ac (8,503 SF)
Zoning code
R1-6
APN
304-65-171
UPID
US07-0747028
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
Joaquin Ochoa|ochoa Maria Yepez · 11 yrs held
Joaquin Ochoa|ochoa Maria Yepez
since 2014
7 recorded transactions
Zoning & alternative use
R1-6 · Queen Creek, 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 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
$887
Tax year 2023
Assessed value
$16,397
Assessed 2024
Previous assessed
$11,040
+48.5% YoY
Effective rate
5.41%
On assessed value
Land market value
$131,800
Improvement market value
$32,169
Total market value
$163,969
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
484 SF
Lot
0.2 ac (8,503 SF)
Zoning code
R1-6
APN
304-65-171
UPID
US07-0747028
Jurisdiction
MARICOPA
Zoning & alternative use
R1-6 · Queen Creek, AZ
Zoning R1-6 · permitted uses
R1-6 · Queen Creek, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Queen Creek. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Joaquin Ochoa|ochoa Maria Yepez
Individual
Mailing address
21326 E PUESTA DEL SOL, QUEEN CREEK, AZ 85142-6914
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2014
$72,100
Joaquin Ochoa|ochoa Maria Yepez
Estrin,berne
Grant Deed
—
Aug 7, 2006
$89,000
Berne Estrin
Kruse,gary H & Myrna J
Warranty Deed
—
Mar 1, 1999
$61,360
Gary H Kruse
Williams,russell & Carla K
Quit Claim Deed
related
—
Apr 5, 1996
$58,500
Gary H Kruse
Wayne W & Joan J Griffith
Grant Deed
—
—
—
Gary H Kruse
—
Deed Of Trust
related
$40,950 · United Bank Of Iowa
—
—
Gary H Kruse
—
Deed Of Trust
related
$40,875 · United Bank Of Iowa
—
—
Gary H Kruse
—
Deed Of Trust
related
$49,000 · United Bank Of Iowa
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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