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Property profile & analytics
OFF-MARKET
Estimated value
$5,075,000
Retail space
1001 3rd Ave Phoenix, AZ 85003-1565
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1364708
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
CONCRETE
Total area
12,219 SF
Lot
0.49 ac (21,326 SF)
Zoning code
C-DT
APN
111-34-065
UPID
US07-1364708
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
-
Lola Coffee Cafe & Coffee Shop
-
National Council of La Raza Charitable Organization Social Service Agency
-
First & Last Restaurant
-
The Historic Gold Spot Tour Operator
-
Little Debbie’s Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$5.08M
Owner & transaction history
The Historic Gold Spot LLC · 4 yrs held
The Historic Gold Spot LLC
since 2022
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
C-DT · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.5M
+79.2%
Auto repair, garage
$5.2M
+41.8%
Office building
$3.7M
+0.7%
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
$5,585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,640,000
Current use
RESTAURANT
$6,525,000
Change: +79% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,165,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$3,665,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$3,245,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,170,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,110,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$5.08M
Range $4.57M – $5.58M · ±10% · vs last sale $5.58M (Apr 28 2022)
Last sale anchor
$5.58M
Apr 28 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
$415 / 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
$48,702
Tax year 2023
Assessed value
$456,186
Assessed 2024
Previous assessed
$408,527
+11.7% YoY
Effective rate
10.68%
On assessed value
Land market value
$1,153,100
Improvement market value
$1,611,664
Total market value
$2,764,764
Applied tax rate
11,300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
12,219 SF
Lot
0.49 ac (21,326 SF)
Zoning code
C-DT
APN
111-34-065
UPID
US07-1364708
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Phoenix, AZ
Zoning C-DT · permitted uses
C-DT · 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
RETAIL STORES Current
Est. value
$3.6M
RESTAURANT
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.2M
OFFICE BUILDING
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1925
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
The Historic Gold Spot LLC
Entity
Mailing address
1831 E CATAMARAN DR, GILBERT, AZ 85234-2717
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
Apr 28, 2022
$5,582,000
The Historic Gold Spot LLC
Evt Gold Spot LLC
Special Warranty Deed
$3,350,000 · First Bank
Apr 28, 2022
—
Evt Gold Spot LLC
Dlp Ventures LLC
Re-recorded Document
related
—
Jan 4, 2017
$4,875,000
Evt Gold Spot LLC
Dlp Ventures LLC
Grant Deed
—
Jan 1, 2015
$3,250,000
Dlp Ventures LLC
Gold Spot LLC
Grant Deed
—
Dec 31, 2014
$3,250,000
Dlp Ventures LLC
Gold Spot LLC
Special Warranty Deed
$2,437,500 · Meridian Bank NA
Nov 12, 2002
—
Gold Spot LLC
Phoenix City (az)
Grant Deed
$1,327,000 · Bank One NA
—
—
Gold Spot LLC
—
Deed Of Trust
related
$2,295,000 · Sun Life Assurance Co
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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