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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Industrial land
Surprise, AZ 85379
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2019365
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
2.32 ac (101,042 SF)
Zoning code
BP
APN
501-45-916
UPID
US07-2019365
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
$1.82M
Owner & transaction history
Project Agave Land LLC · 3 yrs held
Project Agave Land LLC
since 2022
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
BP · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
onal neighborhood 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…
Zone name
Business Park
General category
COMMERCIAL
Zone area
87.12 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
$1,805,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.82M
Range $1.80M – $1.84M · vs last sale $1.82M (Oct 5 2022)
Last sale anchor
$1.82M
Oct 5 2022
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
$2,842
Tax year 2023
Assessed value
$65,655
Assessed 2024
Previous assessed
$45,195
+45.3% YoY
Effective rate
4.33%
On assessed value
Land market value
$437,700
Total market value
$437,700
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
2.32 ac (101,042 SF)
Zoning code
BP
APN
501-45-916
UPID
US07-2019365
Jurisdiction
MARICOPA
Zoning & alternative use
BP · Surprise, AZZoning BP · permitted uses
BP · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
onal neighborhood 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
Zone name
Business Park
General category
COMMERCIAL
Zone area
87.12 ac
Source
municipal code
Building & site characteristics
From public records
Heating
NONE
Lot
2.32 ac
Current owner
From public records · entity-resolved
Project Agave Land LLC
Entity
Mailing address
3930 HOWARD HUGHES PKWY STE #360, LAS VEGAS, NV 89169-0921
Ownership since
2022
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 5, 2022
$1,818,756
Project Agave Land LLC
Swc Building B LLC
Special Warranty Deed
—
Sep 29, 2021
$7,140,000
Swc Building Mlk LLC
Skyway LLC
Special Warranty Deed
—
Apr 5, 2019
—
Skyway LLC
—
Grant Deed
related
$7,900,000 · East West Bk
Jun 7, 2017
—
Skyway LLC
—
Grant Deed
related
$7,900,000 · East West Bk
Jun 12, 2009
$4,696,814
Skyway LLC
National Bank Of Arizona
Special Warranty Deed
$2,348,407 · National Bank Of 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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