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Property profile & analytics
OFF-MARKET
Office buildings
2302 Central Ave 105, Phoenix, AZ 85004-1316
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-1144919
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
CONCRETE
Total area
15,442 SF
Lot
0.03 ac (1,475 SF)
Zoning code
UR
APN
118-48-458
UPID
US07-1144919
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
-
Community Pharmacy Pharmacy
-
Walgreens Pharmacy
-
Edward Jones - Financial Advisor: Aaron J Martin, AAMS® Financial Advisor
-
Luke Yaeger Film Company Film Production Television Studio
-
DENNIS KOLODIN, CCIM, Designated Broker Real Estate Agency
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
Premier Property Investment · 6 yrs held
Premier Property Investment
since 2020
Last sale
$468,000
4 recorded transactions
Zoning & alternative use
UR · Phoenix, 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 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
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
$3,428
Tax year 2023
Assessed value
$42,174
Assessed 2024
Previous assessed
$34,051
+23.9% YoY
Effective rate
8.13%
On assessed value
Land market value
$51,100
Improvement market value
$204,500
Total market value
$255,600
Applied tax rate
11,303.0000
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
15,442 SF
Lot
0.03 ac (1,475 SF)
Zoning code
UR
APN
118-48-458
UPID
US07-1144919
Jurisdiction
MARICOPA
Zoning & alternative use
UR · Phoenix, AZ
Zoning UR · permitted uses
UR · 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.
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Premier Property Investment
Entity
Free & Clear · 6 yrs held
Mailing address
696 SAN RAMON VLY BLVD, DANVILLE, CA 94526-4022
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2020
$468,000
Premier Property Investment
Cev LLC
Grant Deed
—
Mar 4, 2019
$3,900,000
Cev LLC
Tapestry On Central LLC
Grant Deed
$3,400,000 · Tapestry On Central LLC
Apr 2, 2007
$466,504
Tapestry On Central LLC
Willowalk Property
Grant Deed
$3,000,000 · Moshe Y B & N B 1998 Tr (tr)
—
—
Tapestry On Central LLC
—
Loan Modification
related
$4,551,698 · Yair B Moshe
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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