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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Office buildings
5990 Hwy 92 Hereford, AZ 85615-8200
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1123421
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
STEEL FRAME
Total area
4,062 SF
Lot
1.1 ac (47,916 SF)
APN
105-40-008C
UPID
US07-1123421
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
$810k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$755k
Blend (final)
Blend
$740k
Owner & transaction history
R L Workam Homes LLC · 4 yrs held
R L Workam Homes LLC
since 2021
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
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 Hereford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hereford 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
$820,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$535,000
Current use
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $650k (Sep 3 2021)
Last sale anchor
$650k
Sep 3 2021
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
$182 / 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
$11,308
Tax year 2023
Assessed value
$73,023
Assessed 2024
Previous assessed
$71,796
+1.7% YoY
Effective rate
15.49%
On assessed value
Assessed land
$11,520
Assessed improvement
$61,503
Land market value
$76,800
Improvement market value
$410,022
Total market value
$486,822
Applied tax rate
6,870.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
4,062 SF
Lot
1.1 ac (47,916 SF)
APN
105-40-008C
UPID
US07-1123421
Jurisdiction
COCHISE
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
OFFICE BUILDING Current
Est. value
$535,000
OFFICE BUILDING Current
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
1990
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
R L Workam Homes LLC
Entity
Mailing address
10280 S WILDERNESS RD, HEREFORD, AZ 85615-8472
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
$650,000
R L Workam Homes LLC
Joshua Scott
Warranty Deed
—
Jan 19, 2021
$576,000
Joshua Scott
Terence M Dryer
Grant Deed
$576,000 · Terence M & Le H Dryer
Jan 19, 2021
—
Le H Dryer Living Trust
Le H Dryer
Correction Deed
related
—
Oct 25, 2018
—
Le H Dryer Living Trust
Dryer,le H & Terence M
Quit Claim Deed
related
$247,759 · Bank Of The West
—
—
Terrence M Dryer
—
Deed Of Trust
related
$562,500 · Bank Of The West
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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