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Property profile & analytics
OFF-MARKET
Parking lots & garages
8920 Ohio Ave Sun Lakes, AZ 85248-6451
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-0547931
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1983
Construction
STEEL FRAME
Total area
360 SF
Lot
0.19 ac (8,163 SF)
Zoning code
R1-6
APN
303-61-591
UPID
US07-0547931
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fred Hoonhorst · 13 yrs held
Fred Hoonhorst
since 2013
6 recorded transactions
Zoning & alternative use
R1-6 · Sun Lakes, 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 Sun Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun Lakes 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
$1,263
Tax year 2023
Assessed value
$12,930
Assessed 2024
Previous assessed
$11,110
+16.4% YoY
Effective rate
9.77%
On assessed value
Land market value
$90,100
Improvement market value
$39,201
Total market value
$129,301
Applied tax rate
800,051.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
360 SF
Lot
0.19 ac (8,163 SF)
Zoning code
R1-6
APN
303-61-591
UPID
US07-0547931
Jurisdiction
MARICOPA
Zoning & alternative use
R1-6 · Sun Lakes, AZZoning R1-6 · permitted uses
R1-6 · Sun Lakes, 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
1983
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Fred Hoonhorst
Individual
Mailing address
8919 E OHIO AVE, SUN LAKES, AZ 85248-6450
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2013
$73,900
Fred Hoonhorst
Origen Manufactu Trust 2007-a
Warranty Deed
—
Jan 14, 2013
—
Fred Hoonhorst
Origen Manufact Trust 2007-a
Grant Deed
related
—
Nov 26, 2012
—
Origen Manufactured Trust 2007-a
Sardina,elaine A
Deed In Lieu Of Foreclosure
—
Sep 30, 1996
$95,000
Salvatore D Sardina
David C & Janet E Davis
Grant Deed
$80,750 · Banc One Mortgage Corp
Dec 29, 1993
$80,000
David C Davis
Pollock
Grant Deed
$50,000 · Home Mortgage Finance Corp
—
—
Salvatore D Sardina
—
Deed Of Trust
related
$20,000 · Bank One Arizona
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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