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Property profile & analytics
OFF-MARKET
Estimated value
$3,805,000
Industrial land
Surprise, AZ 85379
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-1844075
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
15.88 ac (691,537 SF)
Zoning code
I-1
APN
501-38-984
UPID
US07-1844075
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
$3.81M
Owner & transaction history
Ax I3 Hmstd LLC · 4 yrs held
Ax I3 Hmstd LLC
since 2021
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
I-1 · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
development-Open space MU-1 Mixed use medium density MU-2 Mixed use high density MU-3 Mixed use resort C-O Office commercial C-1 Neighborhood commercial C-2 Community commercial C-3 Regional commercial BP Business park I-1 Light industrial I-2 General industrial I-3 Heavy industrial OS-1 Open space conservation OS-2 Open space recreation PF Public facilities…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
160.50 ac
Source
municipal code
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 Surprise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surprise 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
$3,830,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±10% · vs last sale $3.80M (Nov 17 2021)
Last sale anchor
$3.80M
Nov 17 2021
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
—
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
$12,127
Tax year 2023
Assessed value
$451,665
Assessed 2024
Previous assessed
$261,240
+72.9% YoY
Effective rate
2.68%
On assessed value
Land market value
$3,011,100
Total market value
$3,011,100
Applied tax rate
891,502.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
15.88 ac (691,537 SF)
Zoning code
I-1
APN
501-38-984
UPID
US07-1844075
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Surprise, AZZoning I-1 · permitted uses
I-1 · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
development-Open space MU-1 Mixed use medium density MU-2 Mixed use high density MU-3 Mixed use resort C-O Office commercial C-1 Neighborhood commercial C-2 Community commercial C-3 Regional commercial BP Business park I-1 Light industrial I-2 General industrial I-3 Heavy industrial OS-1 Open space conservation OS-2 Open space recreation PF Public facilities B. Zoning district s, and the uses and/or development standards associated with s
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
160.50 ac
Source
municipal code
Building & site characteristics
From public records
Heating
NONE
Lot
15.88 ac
Current owner
From public records · entity-resolved
Ax I3 Hmstd LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9230 KATY FWY STE #500, HOUSTON, TX 77055-7468
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
—
Ax I3 Hmstd LLC
—
Deed
related
$3,402,000 · Sig Mreit I LLC
Jan 19, 2022
—
Ax I3 Hmstd LLC
—
Deed
related
$2,100,000 · Third Coast Bank Ssb
Nov 17, 2021
$3,803,453
Ax I3 Hmstd LLC
Capital Viii LLC
Special Warranty Deed
—
Nov 23, 2015
$3,121,074
Capital Viii LLC
Bre West Mixed Asset Owner
Grant Deed
—
Jul 22, 2015
$10,140,000
Bre West Mixed Asset Owner
Leeward Strategic Props In
Grant Deed
—
Sep 28, 2011
—
Leeward Strategic Props INC
Pccp Cs Ch Surprise LLC
Deed In Lieu Of Foreclosure
related
—
Apr 11, 2008
—
Pccp Cs Ch Surprise LLC
Owner Name Unavailable
Grant Deed
related
—
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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