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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Office buildings
1029 Central Ave Phoenix, AZ 85004-1900
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-1149800
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
CONCRETE
Total area
4,905 SF
Lot
0.15 ac (6,750 SF)
Zoning code
DTC-GTWY
APN
111-36-010
UPID
US07-1149800
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.46M
Owner & transaction history
1029 N Central Ave LLC · 3 yrs held
1029 N Central Ave LLC
since 2023
7 recorded transactions
Zoning & alternative use
DTC-GTWY · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+39.8%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,485,000
Current use
AUTO REPAIR, GARAGE
$2,075,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$1,460,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$1,300,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,275,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±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
$298 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$15,103
Tax year 2022
Assessed value
$161,304
Assessed 2024
Previous assessed
$161,304
+0.0% YoY
Effective rate
9.36%
On assessed value
Land market value
$675,000
Improvement market value
$302,600
Total market value
$977,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1957
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,905 SF
Lot
0.15 ac (6,750 SF)
Zoning code
DTC-GTWY
APN
111-36-010
UPID
US07-1149800
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-GTWY · Phoenix, AZ
Zoning DTC-GTWY · permitted uses
DTC-GTWY · 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
OFFICE BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING Current
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
1957
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
1029 N Central Ave LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1029 N CENTRAL AVE, PHOENIX, AZ 85004-1900
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jan 3, 2023
—
1029 N Central Ave LLC
Anna Russell
Special Warranty Deed
—
Aug 12, 2022
—
Anna Russell
Anna Russell
Intrafamily Transfer
related
—
Aug 10, 2022
—
Anna Russell
Anna Russell
Intrafamily Transfer
related
—
Aug 3, 2022
—
Anna Russell
Anna Russell
Intrafamily Transfer
related
—
Aug 2, 2022
—
Anna Russell
Anna Russell
Intrafamily Transfer
related
—
Mar 28, 2012
—
Weavers Sarah R Needle Trust 2011
Russell,thomas G
Grant Deed
—
Jul 12, 1994
$115,000
Thomas G Russell
Bank One
Grant Deed
—
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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