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Property profile & analytics
FOR SALE
Office buildings
11070 N 24Th Ave Phoenix, AZ 85029
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-2985780
For Sale
1 / 4
$2,224,560
11070 N 24Th Ave, Phoenix, AZ 85029
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
CONCRETE
Total area
11,408 SF
Lot
0.69 ac (30,187 SF)
Zoning code
A-1
APN
149-07-035C
UPID
US07-2985780
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
-
Arizona Furniture Broker Corporate Office
-
American Premier Hospice Nursing Home
-
Life Christian Fellowship Church
-
American Premier Home Health Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$3.81M
Owner & transaction history
American Premier Re Investments LLC · 6 yrs held
American Premier Re Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
A-1 · 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
Alternative Use
Use
Estimation
RESTAURANT
$6,090,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±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
$334 / 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
$15,954
Tax year 2023
Assessed value
$199,419
Assessed 2024
Previous assessed
$203,643
-2.1% YoY
Effective rate
8.00%
On assessed value
Land market value
$441,800
Improvement market value
$766,800
Total market value
$1,208,600
Applied tax rate
61,300.0000
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
For Sale
Year built
1988
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Total area
11,408 SF
Lot
0.69 ac (30,187 SF)
Zoning code
A-1
APN
149-07-035C
UPID
US07-2985780
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZ
Zoning A-1 · permitted uses
A-1 · 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
RESTAURANT
Est. value
$6.1M
RESTAURANT
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
1988
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
American Premier Re Investments LLC
Entity
Mailing address
6616 W GOLD MTN PASS, PHOENIX, AZ 85083-7454
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2019
$899,000
American Premier Re Investments LLC
Rincon Real Estate Group INC
Special Warranty Deed
$1,101,800 · Wells Fargo Bank NA
Dec 20, 2007
$1,700,000
L & B Investments LLC
Irene Robles
Special Warranty Deed
$1,360,000 · Lehman Brothers Bank Fsb
Jun 21, 2001
$1,075,000
Workers America Communications
Greystone Holdings LLC
Grant Deed
related
—
Jul 8, 1996
$820,000
Greystone Holding L L C
Brian & Cynthia Neuner
Trustees Deed
related
$181,314 · Seller
Aug 20, 1992
$704,209
Brian Neuner
Ciro Dev Corp
Grant Deed
related
$704,209 · Seller
Aug 1, 1990
$845,000
Sherman Shelton
Ciro Dev
Grant Deed
related
$722,971 · Seller
—
—
Holding L L C Greystone
—
Deed Of Trust
related
$500,000 · Founders Bank Of Arizona
—
—
Ciro Development Corporation
—
Deed Of Trust
related
$75,000 · Founders Bank Of Arizona
—
—
Brain K Neuner
—
Deed Of Trust
related
$606,000 · Founders Bank Of Arizona
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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