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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Commercial real estate
10831 51st St, Phoenix, AZ 85044-1737
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0810349
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Construction
STEEL FRAME
Lot
0.55 ac (23,958 SF)
Zoning code
C-2
APN
301-54-787F
UPID
US07-0810349
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
-
Joseph's Hair At Sundance Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
Elliot & 51st Street LLC · 2 yrs held
Elliot & 51st Street LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
C-2 · 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
$1,675,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Jun 3 2022)
Last sale anchor
$2.10M
Jun 3 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
—
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
$514
Tax year 2023
Assessed value
$130,268
Assessed 2024
Previous assessed
$116,705
+11.6% YoY
Effective rate
0.39%
On assessed value
Land market value
$789,500
Total market value
$789,500
Applied tax rate
280,000.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.55 ac (23,958 SF)
Zoning code
C-2
APN
301-54-787F
UPID
US07-0810349
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Elliot & 51st Street LLC
Entity
Mailing address
8901 E MTN VW RD STE #150, SCOTTSDALE, AZ 85258-4623
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
Ldac 19 Outdoor LLC
—
Deed
related
—
Apr 30, 2024
—
Elliot & 51st Street LLC
Uptown Square LLC
Special Warranty Deed
$19,106,779 · Construction Loan Services II LLC
Jan 31, 2024
—
Ldac 19 Outdoor LLC
Ld Acquisition Company 19 LLC
Deed
—
Jun 3, 2022
$2,100,000
Southpointe Holdco LLC
Giphx10 LLC
Special Warranty Deed
$1,050,000 · Capital Fund I LLC
Feb 4, 2021
—
Ld Acquisition Company 19 LLC
—
Deed
related
$277,500,000 · Whitney Bank
Jun 7, 2018
$16,110,000
Elliot & 51st Street LLC
Giphx10 LLC
Grant Deed
—
Jun 7, 2018
—
Elliot & 51st Street LLC
Giphx10 LLC
Grant Deed
—
Jul 31, 2013
$6,500,000
Giphx10 LLC
Grace Holding Co LLC
Grant Deed
$3,500,000 · Grace Holding Co LLC
Sep 17, 2009
—
Grace Holding Co LLC
Owner Name Unavailable
Grant Deed
—
—
—
Giphx10 LLC
—
Deed Of Trust
related
$11,000,000 · Bcmp Mortgage Investment Corporation Bcmp Mortgage Investment Corporation
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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