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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Warehouses
46723 Black Cyn Hwy New River, AZ 85087
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-0937627
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
CONCRETE
Total area
2,600 SF
Lot
1.81 ac (78,974 SF)
Zoning code
RU-43
APN
202-13-002P
UPID
US07-0937627
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
$1.14M
Blend (final)
Blend
$1.13M
Owner & transaction history
46723 Black Canyon LLC · 9 yrs held
46723 Black Canyon LLC
since 2017
6 recorded transactions
Zoning & alternative use
RU-43 · New River, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+168.3%
Auto repair, garage
$1.1M
+62.8%
Office building
$780,000
+15.6%
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
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)
$1,810,000
Change: +168% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,100,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$780,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$775,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$690,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$433 / 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
$10,521
Tax year 2023
Assessed value
$141,838
Assessed 2024
Previous assessed
$255,578
-44.5% YoY
Effective rate
7.42%
On assessed value
Land market value
$213,300
Improvement market value
$646,327
Total market value
$859,627
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
2,600 SF
Lot
1.81 ac (78,974 SF)
Zoning code
RU-43
APN
202-13-002P
UPID
US07-0937627
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$775,000
MEDICAL BUILDING
Est. value
$690,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL 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
2002
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
1.81 ac
Current owner
From public records · entity-resolved
46723 Black Canyon LLC
Entity
Mailing address
3317 S HIGLEY RD STE 114-221, GILBERT, AZ 85297-5449
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
Jun 13, 2017
$735,000
46723 Black Canyon LLC
New River Mini Storage L L C
Special Warranty Deed
$515,000 · Western State Bank
Aug 1, 2001
$40,000
New River Mini Storage LLC
Thompson,doyle D & Bobby A
Grant Deed
—
Dec 6, 1994
—
Richard J Schmidt
Jordan
Quit Claim Deed
related
—
Dec 6, 1994
$30,000
Thompson,doyle D & Bobby A
Schmidt
Trustees Deed
$24,200 · Seller
Mar 28, 1994
—
J B Jordan
Zubal
Grant Deed
related
—
Aug 20, 1993
—
Thompson Doyle
Dunford
Grant Deed
$50,000 · Seller Carry Back
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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