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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Distribution centers
700 40th St, Show Low, AZ 85901-9503
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3399739
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Total area
20,330 SF
Lot
6.04 ac (263,102 SF)
Zoning code
MUNICIPAL
APN
210-59-002
UPID
US07-3399739
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
-
Pointe Companies Corporate Office
-
Pointe Flooring Carpet & Flooring Store Hardware & Home Improvement
-
Pointe Restoration Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.02M
Owner & transaction history
Bagge Family Living Trust · 6 yrs held
Bagge Family Living Trust
since 2019
5 recorded transactions
Zoning & alternative use
MUNICIPAL · Show Low, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+72.7%
Restaurant
$2.4M
+66.7%
Retail stores
$2.2M
+51.4%
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 Show Low submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Show Low 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
WAREHOUSE, STORAGE
$1,460,000
Current use
AUTO REPAIR, GARAGE
$2,520,000
Change: +73% · Conversion: Easy
RESTAURANT
$2,435,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$2,210,000
Change: +51% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,905,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,285,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±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
$99 / 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
$24,342
Tax year 2023
Assessed value
$274,913
Assessed 2025
Previous assessed
$260,648
+5.5% YoY
Effective rate
8.85%
On assessed value
Assessed land
$32,756
Assessed improvement
$242,157
Land market value
$218,375
Improvement market value
$1,614,382
Total market value
$1,832,757
Applied tax rate
1,020.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2006
Heating
SPACE
Stories
1
Total area
20,330 SF
Lot
6.04 ac (263,102 SF)
Zoning code
MUNICIPAL
APN
210-59-002
UPID
US07-3399739
Jurisdiction
NAVAJO
Zoning & alternative use
MUNICIPAL · Show Low, AZ
Zoning MUNICIPAL · permitted uses
MUNICIPAL · Show Low, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Show Low. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RESTAURANT
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
SPACE
Stories
1
Lot
6.04 ac
Current owner
From public records · entity-resolved
Bagge Family Living Trust
Trust
Mailing address
551 N 40TH ST, SHOW LOW, AZ 85901-9578
Ownership since
2019
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
Nov 15, 2019
—
Bagge Family Living Trust
700 South 40th Street LLC
Grant Deed
—
May 14, 2008
$216,040
Ted Johnson
Highland Properties LLC
Warranty Deed
—
Jan 9, 2006
—
700 South 40th Street LLC
Formento,nick & Barbara
Grant Deed
—
Dec 6, 2005
$482,190
Nick Formento
Nicholas Consolidated INC
Quit Claim Deed
related
—
Sep 14, 2005
$479,250
Nicholas Consolidated INC
Highland Properties LLC
Warranty Deed
—
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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