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Property profile & analytics
OFF-MARKET
Estimated value
$12,855,000
Individual retail properties
23908 Hawes Rd Queen Creek, AZ 85142-9505
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2538730
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2019
Construction
STEEL FRAME
Total area
33,688 SF
Lot
1.9 ac (82,946 SF)
Zoning code
R1-43
APN
314-08-963
UPID
US07-2538730
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
-
American Leadership Academy, Queen Creek 7-12 High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.86M
Owner & transaction history
American Leadership Academy INC · 4 yrs held
American Leadership Academy INC
since 2021
Last sale
$12.8M
3 recorded transactions
Zoning & alternative use
R1-43 · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of R1-43 is to provide areas for low intensity agricultural operations and to provide areas for very and low density single family uses in the Rural Preservation Tier, making R1-43 an appropriate transition district between rural and urban uses
Zone name
Rural Estate District
General category
RESIDENTIAL
Zone area
3,122.47 ac
Source
Realmo
Top alternative use upside
Restaurant
$19.2M
+109.3%
Auto repair, garage
$15.0M
+63.0%
Retail stores
$11.3M
+23.5%
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
$12,910,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$9,175,000
Current use
RESTAURANT
$19,205,000
Change: +109% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,960,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$11,335,000
Change: +23% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,640,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$8,575,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$8,055,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$12.86M
Range $11.57M – $14.14M · ±10% · vs last sale $12.83M (Nov 18 2021)
Last sale anchor
$12.83M
Nov 18 2021
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
$382 / 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
Assessed value
$88,550
Assessed 2024
Previous assessed
$74,431
+19.0% YoY
Land market value
$264,300
Improvement market value
$8,590,700
Total market value
$8,855,000
Applied tax rate
952,501.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
2
Total area
33,688 SF
Lot
1.9 ac (82,946 SF)
Zoning code
R1-43
APN
314-08-963
UPID
US07-2538730
Jurisdiction
MARICOPA
Zoning & alternative use
R1-43 · Queen Creek, AZZoning R1-43 · permitted uses
R1-43 · 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 R1-43 is to provide areas for low intensity agricultural operations and to provide areas for very and low density single family uses in the Rural Preservation Tier, making R1-43 an appropriate transition district between rural and urban uses
Zone name
Rural Estate District
General category
RESIDENTIAL
Zone area
3,122.47 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$9.2M
RESTAURANT
Est. value
$19.2M
AUTO REPAIR, GARAGE
Est. value
$15.0M
RETAIL STORES
Est. value
$11.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.6M
MEDICAL BUILDING
Est. value
$8.6M
OFFICE BUILDING
Est. value
$8.1M
GYM, HEALTH SPA Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
2019
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
American Leadership Academy INC
Entity
Mailing address
6913 E REMBRANDT AVE, MESA, AZ 85212-3640
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$12,829,187
American Leadership Academy INC
Schoolhouse Hawes LLC
Special Warranty Deed
$2,489,000 · Umb Bank NA
Jun 8, 2016
$65,000
Corp Presiding Bishop Lds
Qcs
Warranty Deed
—
—
—
American Leadership Academy In
—
Loan Modification
related
$192,290 · Umb Bk
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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