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Property profile & analytics
OFF-MARKET
Estimated value
$13,170,000
Refrigerated & Cold Storage
32902 Ward Rd Tonopah, AZ 85354
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1544765
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2008
Total area
37,572 SF
Lot
168.58 ac (7,343,158 SF)
Zoning code
RU-43
APN
401-30-004D
UPID
US07-1544765
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
$13.44M
Blend (final)
Blend
$13.17M
Owner & transaction history
Hickmans Egg Ranch INC · 21 yrs held
Hickmans Egg Ranch INC
since 2004
4 recorded transactions
Zoning & alternative use
RU-43 · Tonopah, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.4M
+178.6%
Auto repair, garage
$16.7M
+117.0%
Retail stores
$12.6M
+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 Tonopah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tonopah 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
$21,420,000
Change: +179% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,680,000
Change: +117% · Conversion: Easy
RETAIL STORES
$12,640,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$11,865,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$9,565,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$8,985,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$13.17M
Range $11.85M – $14.49M · ±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
$210,669
Tax year 2023
Assessed value
$2,619,572
Assessed 2024
Previous assessed
$2,228,664
+17.5% YoY
Effective rate
8.04%
On assessed value
Land market value
$831,200
Improvement market value
$16,632,613
Total market value
$17,463,813
Applied tax rate
470,002.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
2
Stories
1
Units
4
Total area
37,572 SF
Lot
168.58 ac (7,343,158 SF)
Zoning code
RU-43
APN
401-30-004D
UPID
US07-1544765
Jurisdiction
MARICOPA
Zoning & alternative use
RU-43 · Tonopah, AZ
Zoning RU-43 · permitted uses
RU-43 · Tonopah, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tonopah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$21.4M
AUTO REPAIR, GARAGE
Est. value
$16.7M
RETAIL STORES
Est. value
$12.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.9M
MEDICAL BUILDING
Est. value
$9.6M
OFFICE BUILDING
Est. value
$9.0M
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
2008
Heating
NONE
Stories
1
Buildings
2
Units
4
Lot
168.58 ac
Current owner
From public records · entity-resolved
Hickmans Egg Ranch INC
Entity
Free & Clear · 21 yrs held
Mailing address
6515 S JACKRABBIT TRL, BUCKEYE, AZ 85326-5641
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Nov 2, 2007
—
Hickmans Egg Ranch INC
—
Grant Deed
related
$14,000,000 · Bank Of The West
Oct 21, 2004
—
Hickmans Egg Ranch INC
Hickman,billy G & Gertrude I
Quit Claim Deed
related
—
Feb 28, 2002
$200,000
Billy G Hickman
Arlington Egg LLC
Grant Deed
related
—
—
—
Hickmans Egg Ranch INC
—
Deed Of Trust
related
$8,000,000 · Rabo Agrifinance INC
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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