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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Office buildings
7401 Easy St Carefree, AZ 85377-4507
Individually Owned
6-yr Hold
Free & Clear
Property ID
US07-1600654
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
CONCRETE
Total area
3,557 SF
Lot
0.26 ac (11,520 SF)
Zoning code
C
APN
216-83-067
UPID
US07-1600654
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
-
ACGE College
-
Academic Consortium For Global Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.65M
Owner & transaction history
Elias C Carras · 6 yrs held
Elias C Carras
since 2019
5 recorded transactions
Zoning & alternative use
C · Carefree, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+80.3%
Retail stores
$1.2M
+36.6%
Neighborhood: shopping center
$1.1M
+28.2%
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 Carefree submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carefree 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
AUTO REPAIR, GARAGE
$1,580,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$1,195,000
Change: +37% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,125,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±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
$462 / 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
$4,256
Tax year 2023
Assessed value
$112,596
Assessed 2024
Previous assessed
$92,497
+21.7% YoY
Effective rate
3.78%
On assessed value
Land market value
$214,500
Improvement market value
$467,900
Total market value
$682,400
Applied tax rate
932,100.0000
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
1997
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
3,557 SF
Lot
0.26 ac (11,520 SF)
Zoning code
C
APN
216-83-067
UPID
US07-1600654
Jurisdiction
MARICOPA
Zoning & alternative use
C · Carefree, AZ
Zoning C · permitted uses
C · Carefree, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carefree. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
RETAIL STORES
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
1997
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Elias C Carras
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 4571, SCOTTSDALE, AZ 85261-4571
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
Oct 10, 2019
$795,000
Elias C Carras
Hmv Holdings IV LLC
Grant Deed
—
Jun 7, 2013
—
Hmv Holdings IV LLC
Vardakis Harry S & M Trust
Quit Claim Deed
related
—
Apr 22, 2003
—
Vardakis,tr
Vardakis,harry S & Marti
Quit Claim Deed
related
—
Sep 5, 1997
—
Harry S Vardakis
Harry S & Martha Vardakis
Quit Claim Deed
related
—
May 1, 1987
$80,000
Harry S Vardakis
Unite
Grant 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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