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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Parking lots & garages
26419 203rd Way, Queen Creek, AZ 85142-7574
Individually Owned
9-yr Hold
Property ID
US07-0468055
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
2018
Construction
STEEL FRAME
Total area
1,600 SF
Lot
0.93 ac (40,706 SF)
Zoning code
RU-43
APN
304-91-041M
UPID
US07-0468055
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
$626k
Blend (final)
Blend
$625k
Owner & transaction history
Ronald Koberna · 9 yrs held
Ronald Koberna
since 2017
4 recorded transactions
Zoning & alternative use
RU-43 · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$710,000
+90.0%
Retail stores
$540,000
+44.0%
Neighborhood: shopping center
$505,000
+35.2%
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 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
AUTO REPAIR, GARAGE
$710,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$540,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$405,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$385,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$391 / 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
$1,688
Tax year 2023
Assessed value
$42,993
Assessed 2024
Previous assessed
$32,940
+30.5% YoY
Effective rate
3.93%
On assessed value
Land market value
$292,200
Improvement market value
$137,729
Total market value
$429,929
Applied tax rate
950,018.0000
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
2018
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
1,600 SF
Lot
0.93 ac (40,706 SF)
Zoning code
RU-43
APN
304-91-041M
UPID
US07-0468055
Jurisdiction
MARICOPA
Zoning & alternative use
RU-43 · Queen Creek, AZ
Zoning RU-43 · permitted uses
RU-43 · 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
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$505,000
MEDICAL BUILDING
Est. value
$405,000
OFFICE BUILDING
Est. value
$385,000
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
2018
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Ronald Koberna
Individual
Mailing address
26419 S 203RD WAY, QUEEN CREEK, AZ 85142-7574
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2017
$229,000
Ronald Koberna
Mc Inelly,jennifer K
Warranty Deed
—
Jan 19, 2017
—
Jennifer K Mcinelly
Mc Inelly,aaron S
Quit Claim Deed
related
—
Dec 7, 2000
$40,000
Jennifer K Logan
Benda,wayne T
Grant Deed
$108,000 · Central Pacific Mortgage Co
—
—
Jennifer Logan
—
Deed Of Trust
related
$40,000 · Wells Fargo Bank Arizona
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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