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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Warehouses
48320 Black Cyn Hwy New River, AZ 85087-8122
Trust Owned
6-yr Hold
Free & Clear
Property ID
US07-1361193
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
4,400 SF
Lot
2.63 ac (114,650 SF)
Zoning code
M-H
APN
202-12-027A
UPID
US07-1361193
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
$680k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Leo Living Trust · 6 yrs held
Leo Living Trust
since 2020
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
M-H · 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
Method
Estimation
Statistic approach
$605,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $500k (May 8 2020)
Last sale anchor
$500k
May 8 2020
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
$130 / 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
$37,258
Tax year 2023
Assessed value
$1,036,184
Assessed 2024
Previous assessed
$766,411
+35.2% YoY
Effective rate
3.60%
On assessed value
Land market value
$1,523,900
Improvement market value
$4,756,000
Total market value
$6,279,900
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
2008
Heating
NONE
Buildings
8
Stories
1
Units
8
Total area
4,400 SF
Lot
2.63 ac (114,650 SF)
Zoning code
M-H
APN
202-12-027A
UPID
US07-1361193
Jurisdiction
MARICOPA
Zoning & alternative use
M-H · New River, AZZoning M-H · permitted uses
M-H · 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
2008
Heating
NONE
Stories
1
Buildings
8
Units
8
Lot
2.63 ac
Current owner
From public records · entity-resolved
Leo Living Trust
Trust
Free & Clear · 6 yrs held
Mailing address
PO BOX 526, CAVE CREEK, AZ 85327-0526
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2020
—
Leo Living Trust
48320 N Black Canyon LLC
Quit Claim Deed
related
—
May 8, 2020
$500,000
Leo Living Trust
Ghiotto Christine Trust
Grant Deed
$450,000 · Ghiotto Christine Trust (pt)
Feb 9, 2011
$37,500
Leo Living Trust
Bumpass,earl
Grant Deed
$37,500 · Earl Bumpass
Feb 9, 2011
—
Earl Bumpass
Bumpass,earl
Quit Claim Deed
related
—
Dec 12, 2006
—
48320 N Black Canyon LLC
Elliott,gerald L & Carol
Grant Deed
—
Dec 14, 2001
$150,000
Earl Bumpass
Jordan,j B
Grant Deed
—
Dec 14, 2001
—
J B Jordan
Christensen,william J & Lorena M
Quit Claim Deed
related
—
Aug 2, 2000
—
William J Christensen
Jordan,j B
Grant Deed
related
—
Feb 2, 2000
—
J B Jordan
Schumacher,terry M
Grant Deed
related
—
—
—
Terry M Schumacher
—
Deed Of Trust
related
—
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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