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Property profile & analytics
FOR LEASE
Office buildings
15210 South 50Th St Phoenix, AZ 85044
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3422284
For Lease
1 / 2
$19,085,000
15210 South 50Th St, Phoenix, AZ 85044
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
CONCRETE
Total area
68,464 SF
Lot
9.17 ac (399,513 SF)
Zoning code
C-2
APN
301-84-721
UPID
US07-3422284
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
-
Charleen Feyereisen REALTOR Real Estate Agency
-
Texas Instruments Factory Production Facility
-
Juan Rodriguez Arizona Realtor, East Valley Specialist Real Estate Agency
-
Christine Brackman - The Goodman Taylor Team I Powered by PLACE Real Estate Agency
-
Gunnar Kupfer, REALTOR Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.24M
Comparable Approach
Comparable
$19.59M
Blend (final)
Blend
$19.09M
Owner & transaction history
Ham Evolve LLC · 4 yrs held
Ham Evolve LLC
since 2022
Last sale
$17.7M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$28.9M
+153.0%
Retail stores
$20.4M
+78.4%
Medical building
$18.2M
+58.9%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
$20,790,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,835,000
6.5%
$19,235,000
7%
$17,860,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$28,930,000
Change: +153% · Conversion: Difficult
RETAIL STORES
$20,400,000
Change: +78% · Conversion: Moderate
MEDICAL BUILDING
$18,175,000
Change: +59% · Conversion: Easy
WAREHOUSE, STORAGE
$17,770,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,425,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$19.09M
Range $17.18M – $20.99M · ±10% · vs last sale $17.65M (Jul 1 2022)
Last sale anchor
$17.65M
Jul 1 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
$279 / 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
$134,347
Tax year 2023
Assessed value
$3,688,084
Assessed 2024
Previous assessed
$2,340,764
+57.6% YoY
Effective rate
3.64%
On assessed value
Land market value
$7,018,200
Improvement market value
$15,333,825
Total market value
$22,352,025
Applied tax rate
281,300.0000
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
For Lease
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
68,464 SF
Lot
9.17 ac (399,513 SF)
Zoning code
C-2
APN
301-84-721
UPID
US07-3422284
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$28.9M
RETAIL STORES
Est. value
$20.4M
MEDICAL BUILDING
Est. value
$18.2M
WAREHOUSE, STORAGE
Est. value
$17.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.4M
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
9.17 ac
Current owner
From public records · entity-resolved
Ham Evolve LLC
Entity
Mailing address
PO BOX 15662, PHOENIX, AZ 85060-5662
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Ham Evolve LLC
Ham Tacc LLC
Intrafamily Transfer
related
$10,000,000 · Wells Fargo Bank NA
Jan 28, 2022
$17,650,000
Ham Tacc LLC
Dunbar Foothills LLC
Special Warranty Deed
$4,850,000 · The Northern Trust Co
Apr 15, 2020
$9,213,750
Dunbar Foothills LLC
Jpmcc 2007 Cibc19 South 50th Street
Warranty Deed
$6,550,000 · Farmers And Merchants Bank Of Long
Jul 20, 2006
$16,350,000
Foothills Vista LLC
Icp 2300 LLC
Special Warranty Deed
—
Jul 20, 2006
—
Icp 2300a LLC
Icp 2300 LLC
Quit Claim Deed
—
Nov 12, 2004
—
Icp 2300 LLC
Owner,record
Grant Deed
related
—
Nov 10, 2004
$11,850,000
Icp,2300 LLC
Orsett,& Fv Tech LLC
Grant Deed
related
$9,480,000 · Morgan Stanley Mtg Capital INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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