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Property profile & analytics
OFF-MARKET
Estimated value
$2,595,000
Investment properties
403 Clark St Jerome, AZ 86331
Entity Owned
Free & Clear
Property ID
US07-0792966
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1944
Construction
CONCRETE
Total area
10,659 SF
Lot
0.56 ac (24,394 SF)
APN
401-06-152H
UPID
US07-0792966
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
$2.22M
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$2.60M
Owner & transaction history
403 Clark Street LLC
403 Clark Street LLC
since 2025
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+86.5%
Medical building
$2.3M
+22.6%
Retail stores
$2.1M
+13.2%
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 Jerome submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jerome 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%
$2,400,000
6.5%
$2,215,000
7%
$2,055,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,890,000
Current use
RESTAURANT
$3,530,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$2,320,000
Change: +23% · Conversion: Easy
RETAIL STORES
$2,140,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,955,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$1,655,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.60M
Range $2.34M – $2.85M · ±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
$243 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,889
Tax year 2022
Assessed value
$616,768
Assessed 2025
Previous assessed
$503,480
+22.5% YoY
Effective rate
1.12%
On assessed value
Assessed land
$27,029
Assessed improvement
$589,739
Land market value
$150,160
Improvement market value
$3,276,330
Total market value
$3,426,490
Applied tax rate
380.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1944
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
10,659 SF
Lot
0.56 ac (24,394 SF)
APN
401-06-152H
UPID
US07-0792966
Jurisdiction
YAVAPAI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1944
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
403 Clark Street LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1173, JEROME, AZ 86331-1173
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$3,000,000
403 Clark Street LLC
1299 Properties
Special Warranty Deed
—
Sep 15, 2006
$2,560,000
Kimstock LLC
Miramonte Properties LLC
Grant Deed
related
—
Aug 21, 2002
$1,835,000
Jerome Centre LLC
Corley,jim H & Juanita
Grant Deed
related
$900,000 · J G Theisen
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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