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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Parking lots & garages
26611 203rd Way Queen Creek, AZ 85142-5564
Individually Owned
3-yr Hold
Property ID
US07-0468047
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
2004
Construction
STEEL FRAME
Total area
720 SF
Lot
1.23 ac (53,671 SF)
Zoning code
RU-43
APN
304-91-042Z
UPID
US07-0468047
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
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Leanora Fawn Roberts · 3 yrs held
Leanora Fawn Roberts
since 2023
Last sale
$574,900
7 recorded transactions
Zoning & alternative use
RU-43 · Queen Creek, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$580,000
+243.5%
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
$590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$580,000
Change: +243% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $575k (Feb 27 2023)
Last sale anchor
$575k
Feb 27 2023
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
$806 / 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
$2,749
Tax year 2023
Assessed value
$48,701
Assessed 2024
Previous assessed
$40,080
+21.5% YoY
Effective rate
5.64%
On assessed value
Land market value
$317,200
Improvement market value
$169,814
Total market value
$487,014
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
2004
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
720 SF
Lot
1.23 ac (53,671 SF)
Zoning code
RU-43
APN
304-91-042Z
UPID
US07-0468047
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
COMMERCIAL (GENERAL)
Est. value
$580,000
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
2004
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Leanora Fawn Roberts
Individual
Mailing address
26611 S 203RD WAY, QUEEN CREEK, AZ 85142-5564
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
$574,900
Leanora Fawn Roberts
Terry J Jeffery II
Warranty Deed
$459,920 · United Wholesale Mortgage
May 16, 2016
$270,000
Cassidy L Ducray
Michael C Lewis
Warranty Deed
$265,109 · New American Funding
Mar 21, 2016
—
Lewis,michael C & Pamela J Trust
Lewis,michael C & Pamela J
Quit Claim Deed
related
$143,000 · Homestreet Bank
Nov 17, 2009
—
Michael C Lewis
Lewis Michael C Trust
Quit Claim Deed
related
—
May 9, 2005
—
Lewis Michael C Trust
Lewis,michael C
Quit Claim Deed
related
—
—
—
Cassidy L Ducray
—
Deed Of Trust
related
$4,943 · Hud-housing/urban Dev
—
—
Michael Lewis
—
Deed Of Trust
related
$143,200 · Bank One NA
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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