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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
246 State Rte 89 Chino Valley, AZ 86323-5920
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0781287
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
CONCRETE
Total area
2,140 SF
Lot
1.38 ac (60,113 SF)
APN
306-23-057
UPID
US07-0781287
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
$515k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$510k
Owner & transaction history
Ivan S Pugh · 3 yrs held
Ivan S Pugh
since 2022
Last sale
$625,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$465,000
+40.3%
Retail stores
$430,000
+29.6%
Auto repair, garage
$390,000
+18.2%
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 Chino Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chino Valley 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
$510,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$330,000
Current use
MEDICAL BUILDING
$465,000
Change: +40% · Conversion: Easy
RETAIL STORES
$430,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$390,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$380,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $625k (Aug 1 2022)
Last sale anchor
$625k
Aug 1 2022
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
$238 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,718
Tax year 2022
Assessed value
$152,268
Assessed 2025
Previous assessed
$133,326
+14.2% YoY
Effective rate
3.76%
On assessed value
Assessed land
$23,969
Assessed improvement
$128,299
Land market value
$133,159
Improvement market value
$712,770
Total market value
$845,929
Applied tax rate
5,131.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
2,140 SF
Lot
1.38 ac (60,113 SF)
APN
306-23-057
UPID
US07-0781287
Jurisdiction
YAVAPAI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$330,000
MEDICAL BUILDING
Est. value
$465,000
RETAIL STORES
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$380,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1983
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
Ivan S Pugh
Individual
Mailing address
603 GRANADA DR, PRESCOTT, AZ 86301-1019
Ownership since
2022
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
Aug 1, 2022
$625,000
Ivan S Pugh
246 Holdings LLC
Special Warranty Deed
—
Oct 15, 2021
—
246 Holdings LLC
—
Deed
related
$250,000 · The Foothills Bank
May 13, 2008
$671,800
246 Holdings LLC
Master Development LLC
Warranty Deed
$440,000 · National Bank Of Arizona
May 13, 2004
$280,000
Master Development LLC
Verde Water Resources Consulta
Grant Deed
$246,440 · M & I Marshall & Isley Bank
Jul 11, 2002
$186,080
Water Resource Consultan Verde
Rice,phillip A
Grant Deed
$150,000 · Stockmen's Bank
Mar 25, 1994
$114,000
De Clair Family Trust
Unknown
Grant Deed
—
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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