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Property profile & analytics
OFF-MARKET
Office buildings
6209 Citrus Rd Waddell, AZ 85355-9458
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0408117
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
2,131 SF
Lot
37.18 ac (1,619,778 SF)
Zoning code
RU-43
APN
502-28-576
UPID
US07-0408117
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
-
Devil Mountain Wholesale Nursery - Phoenix Garden Center Landscaping
-
Oh ka San Japanese BBQ Restaurant
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
Miedema Produce INC · 4 yrs held
Miedema Produce INC
since 2021
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
RU-43 · Waddell, 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 Waddell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waddell 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
$4,899
Tax year 2023
Assessed value
$72,275
Assessed 2024
Previous assessed
$63,347
+14.1% YoY
Effective rate
6.78%
On assessed value
Land market value
$272,194
Improvement market value
$209,637
Total market value
$481,831
Applied tax rate
790,003.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
2,131 SF
Lot
37.18 ac (1,619,778 SF)
Zoning code
RU-43
APN
502-28-576
UPID
US07-0408117
Jurisdiction
MARICOPA
Zoning & alternative use
RU-43 · Waddell, AZZoning RU-43 · permitted uses
RU-43 · Waddell, 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
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
37.18 ac
Current owner
From public records · entity-resolved
Miedema Produce INC
Entity
Mailing address
5005 40TH AVE, HUDSONVILLE, MI 49426-9481
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2021
$3,087,880
Miedema Produce INC
Thomas E Russell
Special Warranty Deed
—
Mar 10, 2008
—
Russell Thomas E Trust
White Tank Palms LLC
Warranty Deed
$850,000 · Farm Credit Services Sw Flca
Mar 11, 1998
—
Beaver Trust
Beaver,charles O & Edna R
Quit Claim Deed
related
—
Mar 11, 1998
$320,000
White Tank Palms LLC
White Tank Palms Joint Venture
Trustees Deed
related
$500,000 · Individual
May 25, 1990
$320,000
Tank Palms White
Frank
Grant Deed
—
Apr 6, 1987
—
Frank Ernest L
—
Deed Of Trust
related
—
—
—
Russell Thomas E Trust
—
Deed Of Trust
related
—
—
—
Russell Thomas E Trust
—
Deed Of Trust
related
$100,000 · Farm Credit Services Southwest
—
—
Russell Thomas E Trust
—
Deed Of Trust
related
$200,000 · Harris Bank
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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