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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Individual retail properties
1029 1st St Phoenix, AZ 85004-1924
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-2484274
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1952
Total area
3,842 SF
Lot
0.16 ac (7,027 SF)
APN
111-36-026C
UPID
US07-2484274
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
-
Sutra Studios Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.50M
Owner & transaction history
Burton First Street LLC · 2 yrs held
Burton First Street LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+55.1%
Office building
$1.2M
+11.0%
Retail stores
$1.1M
+9.4%
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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$1,045,000
Current use
AUTO REPAIR, GARAGE
$1,625,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$1,160,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,145,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$1,020,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$995,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (May 17 2024)
Last sale anchor
$1.50M
May 17 2024
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
$390 / 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
$10,805
Tax year 2023
Assessed value
$156,155
Assessed 2024
Previous assessed
$156,155
+0.0% YoY
Effective rate
6.92%
On assessed value
Land market value
$702,700
Improvement market value
$243,693
Total market value
$946,393
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1952
Stories
1
Total area
3,842 SF
Lot
0.16 ac (7,027 SF)
APN
111-36-026C
UPID
US07-2484274
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$980,000
GYM, HEALTH SPA Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1952
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Burton First Street LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
—
Burton First Street LLC
Burton First Street LLC
Intrafamily Transfer
related
—
Feb 8, 2023
—
Kind Properties LLC
—
Deed
related
$16,500,000 · City National Bank Of Florida
Jul 7, 2022
$1,500,000
Jjjz 1029 LLC
Eq Downtown LLC
Special Warranty Deed
$900,000 · Mountain America FCU
Dec 17, 2020
—
Kind Properties LLC
—
Deed
related
$16,500,000 · City National Bank Of Florida
Apr 10, 2020
—
Kind Hospitality INC
—
Deed
related
$50,000 · Private Individual
Sep 30, 2019
—
Kind Properties LLC
—
Deed
related
$300,000 · Private Individual
Jun 12, 2019
$550,000
Kind Properties LLC
Brown,terry L
Warranty Deed
$300,000 · Terry L Brown
Apr 25, 2019
—
Terry L Brown
—
Deed
related
$85,000 · Edward S Connell
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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