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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Retail space
37220 Mule Train Rd Carefree, AZ 85377-4046
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-1077354
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
CONCRETE
Total area
2,500 SF
Lot
5.91 ac (257,527 SF)
Zoning code
L (RESORT)
APN
216-83-536H
UPID
US07-1077354
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
$1.57M
Blend (final)
Blend
$1.55M
Owner & transaction history
Civana Carefree LLC · 8 yrs held
Civana Carefree LLC
since 2017
6 recorded transactions
Zoning & alternative use
L (RESORT) · Carefree, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
APPENDIX A ZONING CODE
Top alternative use upside
Commercial (general)
$2.0M
+138.6%
Auto repair, garage
$1.1M
+32.0%
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 Carefree submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carefree 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
COMMERCIAL (GENERAL)
$2,005,000
Change: +139% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,110,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±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
$620 / 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
$27,589
Tax year 2023
Assessed value
$718,061
Assessed 2024
Previous assessed
$618,495
+16.1% YoY
Effective rate
3.84%
On assessed value
Land market value
$2,873,900
Improvement market value
$1,543,300
Total market value
$4,417,200
Applied tax rate
932,100.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
7
Stories
2
Units
7
Total area
2,500 SF
Lot
5.91 ac (257,527 SF)
Zoning code
L (RESORT)
APN
216-83-536H
UPID
US07-1077354
Jurisdiction
MARICOPA
Zoning & alternative use
L (RESORT) · Carefree, AZZoning L (RESORT) · permitted uses
L (RESORT) · Carefree, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
APPENDIX A ZONING CODE
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1977
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Buildings
7
Units
7
Lot
5.91 ac
Current owner
From public records · entity-resolved
Civana Carefree LLC
Entity
Mailing address
PO BOX 3500, CAREFREE, AZ 85377-3500
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2017
$12,750,000
Civana Carefree LLC
Ocm Carefree Resort LLC
Grant Deed
$23,500,000 · Great Wstrn Bk
Oct 12, 1995
—
Ventures L L C Carefree
Tcc Carefree Inn INC
Quit Claim Deed
related
—
Aug 25, 1995
$981,000
T C C Carefree Inn INC
Good Nite Inn INC
Trustees Deed
—
May 17, 1995
$3,200,000
Good-nite Inn-carefree INC
Good Nite Inn INC
Quit Claim Deed
related
—
Oct 19, 1993
$840,000
Good Nite Inn INC
Westcor Company
Grant Deed
$1,610,000 · Seller Carry Back
Oct 1, 1987
$3,500,000
Westcor Company
The C
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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