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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Warehouses
24610 Rittenhouse Rd, Queen Creek, AZ 85142-9450
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-1388331
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
STEEL FRAME
Total area
5,560 SF
Lot
3.76 ac (163,786 SF)
Zoning code
I-1
APN
304-92-006B
UPID
US07-1388331
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
-
Alliance Lumber Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.95M
Owner & transaction history
Mcmannis Ventures Lllp · 9 yrs held
Mcmannis Ventures Lllp
since 2016
7 recorded transactions
Zoning & alternative use
I-1 · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+178.6%
Auto repair, garage
$2.5M
+117.0%
Retail stores
$1.9M
+64.4%
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
RESTAURANT
$3,170,000
Change: +179% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,470,000
Change: +117% · Conversion: Easy
RETAIL STORES
$1,870,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,755,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$1,415,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,330,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±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
$351 / 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
$15,633
Tax year 2023
Assessed value
$216,134
Assessed 2024
Previous assessed
$188,224
+14.8% YoY
Effective rate
7.23%
On assessed value
Land market value
$902,000
Improvement market value
$407,900
Total market value
$1,309,900
Applied tax rate
952,509.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
5,560 SF
Lot
3.76 ac (163,786 SF)
Zoning code
I-1
APN
304-92-006B
UPID
US07-1388331
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Queen Creek, AZ
Zoning I-1 · permitted uses
I-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
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
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
3.76 ac
Current owner
From public records · entity-resolved
Mcmannis Ventures Lllp
Entity
Free & Clear · 9 yrs held
Mailing address
11811 N TATUM BLVD STE #1060, PHOENIX, AZ 85028-1618
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2016
—
Mcmannis Ventures Lllp
Mcmannis Milan J & V E Trust
Quit Claim Deed
—
Nov 9, 1999
—
Crown Real Estate LLC
Carr Trust
Grant Deed
related
—
Mar 27, 1998
$160,000
Mcmannis Trust
Ramark Farms LP
Grant Deed
—
May 16, 1996
$638,000
Milan J Mcmannis
Alliance INC
Grant Deed
—
May 1, 1996
$200,000
Milan,j & Virginia E Mcmannis Tr
Alliance Lumber INC
Grant Deed
—
Feb 23, 1995
$200,000
Alliance Wholesale Lumber INC
Sanders JR
Grant Deed
—
Mar 9, 1994
$120,000
Alliance Wholesale Lumber INC
Ramark Farms LP
Grant Deed
—
Feb 22, 1994
—
Schnepf,raymond
R & T Farms LP
Trustees Deed
related
—
Feb 9, 1994
—
Mark E Schnepf
Cloud Ranches LP
Grant Deed
related
—
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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