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Property profile & analytics
OFF-MARKET
Parking lots & garages
46625 12th Ln New River, AZ 85087-9685
Individually Owned
2-yr Hold
Property ID
US07-2260782
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
2002
Construction
STEEL FRAME
Total area
448 SF
Lot
1.01 ac (43,890 SF)
Zoning code
RU-43
APN
202-16-029
UPID
US07-2260782
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
by Request
Owner & transaction history
Joseph M Page · 2 yrs held
Joseph M Page
since 2023
Last sale
$395,000
4 recorded transactions
Zoning & alternative use
RU-43 · New River, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New River 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,053
Tax year 2023
Assessed value
$13,811
Assessed 2024
Previous assessed
$11,720
+17.8% YoY
Effective rate
7.62%
On assessed value
Land market value
$72,900
Improvement market value
$65,206
Total market value
$138,106
Applied tax rate
970,001.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
448 SF
Lot
1.01 ac (43,890 SF)
Zoning code
RU-43
APN
202-16-029
UPID
US07-2260782
Jurisdiction
MARICOPA
Zoning & alternative use
RU-43 · New River, AZZoning RU-43 · permitted uses
RU-43 · New River, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Joseph M Page
Individual
Mailing address
46625 N 12TH LN, NEW RIVER, AZ 85087-9685
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
$395,000
Joseph M Page
Dana P Meyer
Warranty Deed
$387,845 · Waterstone Mortgage Corp
Aug 25, 2023
—
Michael L Page
Karen M Page
Intrafamily Transfer
related
—
Jul 15, 2022
$375,000
Dana P Meyer
Josephine A Zak
Warranty Deed
$300,000 · Movement Mortgage
Nov 19, 2012
$95,000
James F Zak
Vanderbilt Mortgage & Finance INC
Special Warranty Deed
$76,000 · Wells Fargo Bank 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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