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Property profile & analytics
OFF-MARKET
Estimated value
$19,530,000
Residential income homes
600 Charles Dr Sierra Vista, AZ 85635-1189
Entity Owned
1-yr Hold
Property ID
US07-1688701
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1985
Construction
STEEL FRAME
Total area
17,449 SF
Lot
8.57 ac (373,100 SF)
APN
106-69-523A
UPID
US07-1688701
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
Current use
Occupant on record · Public records
-
Sky Island Apartment Homes Apartment Complex
-
Sierra Tacoma Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$19.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.53M
Owner & transaction history
Sky Island Apartments LLC · 1 yrs held
Sky Island Apartments LLC
since 2024
Last sale
$19.5M
3 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 Sierra Vista submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sierra Vista 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
$19,530,000
ML approach
$19,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.53M
Range $17.58M – $21.48M · ±10% · vs last sale $19.53M (Dec 19 2024)
Last sale anchor
$19.53M
Dec 19 2024
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
$1,119 / 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
$40,929
Tax year 2023
Assessed value
$2,149,174
Assessed 2024
Previous assessed
$1,466,307
+46.6% YoY
Effective rate
1.90%
On assessed value
Assessed land
$83,948
Assessed improvement
$2,065,226
Land market value
$559,650
Improvement market value
$13,768,173
Total market value
$14,327,823
Applied tax rate
6,830.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
8
Stories
3
Total area
17,449 SF
Lot
8.57 ac (373,100 SF)
APN
106-69-523A
UPID
US07-1688701
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
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
3
Buildings
8
Lot
8.57 ac
Current owner
From public records · entity-resolved
Sky Island Apartments LLC
Entity
Mailing address
7 CORPORATE PARK STE #100, IRVINE, CA 92606-5153
Ownership since
2024
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
Dec 19, 2024
$19,530,000
Sky Island Apartments LLC
East Charles Drive Apartments LLC
Special Warranty Deed
$12,792,000 · Greystone Servicing Company LLC
Apr 15, 2021
$11,600,000
East Charles Drive Apartments LLC
Vista Acquisitions LLC
Special Warranty Deed
—
—
—
Vista Acquisitions LLC
—
Deed Of Trust
related
$193,339 · Habibi LLC
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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