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Property profile & analytics
OFF-MARKET
Estimated value
$10,855,000
Parking lots & garages
1001 Central Ave Phoenix, AZ 85004-1935
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1799989
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1985
Construction
CONCRETE
Total area
69,784 SF
Lot
0.62 ac (27,000 SF)
Zoning code
C-DT
APN
111-36-001B
UPID
US07-1799989
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
-
Bunky Boutique Clothing & Fashion Store
-
calderon hitman boxing gym Gym & Fitness Center Sports School
-
Herman Alcantar Law Firm
-
Negrete Law Firm Law Firm
-
Law Office of Stephen L Weiss Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.35M
Blend (final)
Blend
$10.86M
Owner & transaction history
Ro2 Central Roosevelt LLC · 6 yrs held
Ro2 Central Roosevelt LLC
since 2019
6 recorded transactions
Zoning & alternative use
C-DT · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.86M
Range $9.77M – $11.94M · ±10%
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
$156 / 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
$46,637
Tax year 2023
Assessed value
$647,576
Assessed 2024
Previous assessed
$651,049
-0.5% YoY
Effective rate
7.20%
On assessed value
Land market value
$2,700,000
Improvement market value
$1,224,700
Total market value
$3,924,700
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
69,784 SF
Lot
0.62 ac (27,000 SF)
Zoning code
C-DT
APN
111-36-001B
UPID
US07-1799989
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.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Ro2 Central Roosevelt LLC
Entity
Free & Clear · 6 yrs held
Mailing address
214 E ROOSEVELT ST, PHOENIX, AZ 85004-1951
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2019
—
Ro2 Central Roosevelt LLC
Ro2 Central Roosevelt LLC
Quit Claim Deed
related
—
Feb 1, 2019
$15,250,000
Ro2 Central Roosevelt LLC
K2h Central LLC
Special Warranty Deed
$22,050,000 · U S Real Estate Credit Holdings III
May 8, 2015
$10,195,000
K2h Central LLC
1001 N Central Holdings LLC
Special Warranty Deed
$7,700,000 · Western Alliance Bank
Sep 3, 2014
$5,825,000
1001 N Central Holdings LLC
1001 Central Partners LLC
Cash Sale Deed
—
May 8, 2013
$5,200,000
1001 Ctrl Ptrs LLC
Central-roosevelt LLC
Grant Deed
$3,300,000 · Miscellaneous Ins Co
—
—
Ro2 Central Roosevelt LLC
—
Deed Of Trust
related
$27,000,000 · Mp R/e Cap LLC
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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