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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
23670 Power Rd Queen Creek, AZ 85142-6149
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1098612
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
CONCRETE
Total area
54,022 SF
Lot
10.98 ac (478,346 SF)
Zoning code
C-2
APN
304-78-987
UPID
US07-1098612
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
-
WoodBarn BBQ Restaurant
-
Pride Community Management Queen Creek Real Estate Agency
-
Augment Wellness Alternative Medicine Practice Spa & Massage Center
-
Sushi Neko Restaurant
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
W M Grace Development Co · 1 yrs held
W M Grace Development Co
since 2025
Last sale
$7.9M
6 recorded transactions
Zoning & alternative use
C-2 · 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
$186,321
Tax year 2023
Assessed value
$2,124,575
Assessed 2024
Previous assessed
$1,862,537
+14.1% YoY
Effective rate
8.77%
On assessed value
Land market value
$3,383,800
Improvement market value
$9,492,414
Total market value
$12,876,214
Applied tax rate
802,507.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
5
Stories
1
Units
5
Total area
54,022 SF
Lot
10.98 ac (478,346 SF)
Zoning code
C-2
APN
304-78-987
UPID
US07-1098612
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Queen Creek, AZ
Zoning 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
Queen Creek. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
5
Lot
10.98 ac
Current owner
From public records · entity-resolved
W M Grace Development Co
Entity
Free & Clear · 1 yrs held
Mailing address
6925 E INDIAN SCHOOL RD, SCOTTSDALE, AZ 85251-3819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 17, 2025
$7,862,776
W M Grace Development Co
W M Grace Partners LLC
Special Warranty Deed
—
Jan 7, 2025
—
W M Grace Partthers LLC
Grace Power & Chandler Heights LLC
Deed
related
—
Feb 7, 2022
—
Grace Power & Chandler Heights LLC
—
Deed
related
$9,200,000 · Bank Of America NA
Aug 7, 2019
—
Grace Power & Chandler Hts LLC
—
Deed
related
$10,010,000 · Bank Of America
—
—
Grace Power
—
Loan Modification
related
$10,010,000 · Bank Of America
—
—
Grace Power & Chandler Hts LLC
—
Loan Modification
related
$10,010,000 · Bank Of America
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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