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Property profile & analytics
OFF-MARKET
Commercial real estate
115 Palm Ln B, Phoenix, AZ 85004-1581
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0529814
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1957
Construction
CONCRETE
Total area
59,007 SF
Lot
2.1 ac (91,516 SF)
Zoning code
R-3
APN
118-55-016A
UPID
US07-0529814
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Katrina Fowler · 2 yrs held
Katrina Fowler
since 2024
Last sale
$330,000
7 recorded transactions
Zoning & alternative use
R-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$14,593
Tax year 2023
Assessed value
$417,280
Assessed 2024
Previous assessed
$417,280
+0.0% YoY
Effective rate
3.50%
On assessed value
Land market value
$1,669,100
Improvement market value
$6,676,500
Total market value
$8,345,600
Applied tax rate
11,303.0000
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
1957
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
11
Stories
1
Units
32
Total area
59,007 SF
Lot
2.1 ac (91,516 SF)
Zoning code
R-3
APN
118-55-016A
UPID
US07-0529814
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Phoenix, AZ
Zoning R-3 · permitted uses
R-3 · 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
1957
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
11
Units
32
Lot
2.1 ac
Current owner
From public records · entity-resolved
Katrina Fowler
Individual
Mailing address
5701 E LE MARCHE AVE, SCOTTSDALE, AZ 85254-1867
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
123 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
$330,000
Katrina Fowler
Matthew Roberts
Warranty Deed
$276,250 · Matthew Roberts
Apr 25, 2024
$320,000
Biju Kamaleswaran
Makki Hussein
Warranty Deed
—
Aug 31, 2023
$240,000
Matthew Roberts
Mialar N Springer
Warranty Deed
—
Aug 10, 2023
$340,000
Alexander Leyva
Kenneth Cheek
Warranty Deed
—
Jul 20, 2023
—
Farinas S Osniel
Bryon David Buchanan
Affidavit Of Death Of Joint Tenant
—
Apr 13, 2023
$260,000
Matthew Scott Roberts
Veng V Lam
Warranty Deed
—
Mar 23, 2023
$336,900
Ingeborg E Madon
Nedo Uliassi
Warranty Deed
—
May 9, 2022
$355,000
Reed Kaplan
The Red Turtle LLC
Warranty Deed
$100,000 · Jeffrey R Jacobs Etux
Feb 9, 2022
$370,000
Reed Kaplan
Kimberly A Randall
Warranty Deed
—
Dec 17, 2021
$259,000
Jon Douglas Mcqueen
Rhoda A Kraus
Warranty Deed
—
Aug 9, 2021
$246,500
Kenneth Cheek
Samuel Worthington
Warranty Deed
—
Apr 6, 2021
$247,000
The Red Turtle LLC
Robert V Stephens
Warranty Deed
—
Mar 31, 2021
$240,000
Tom Panopoulos
The Red Turtle LLC
Warranty Deed
—
Feb 26, 2021
$306,500
Amant Made LLC
Phoenix Art Museum
Warranty Deed
—
Feb 10, 2021
$255,000
Susan E Merrill
George W Lusk
Warranty Deed
—
Jan 21, 2021
$183,000
Angela Cazel-jahn
Valerie Brandon
Warranty Deed
—
Jan 21, 2021
—
Angela Cazel-jahn
Robert E Larson
Quit Claim Deed
related
—
Oct 8, 2020
—
Phoenix Art Museum
William M Howard
Grant Deed
related
—
Feb 24, 2020
—
Oconnor,debra Trust
Debra O'connor
Quit Claim Deed
related
—
Dec 3, 2019
$240,000
Red Turtle LLC
Joseph F Drzewiecki JR.
Warranty Deed
—
Dec 2, 2019
$235,000
Sonya Dosad
Hamid Jabbar
Warranty Deed
—
Dec 2, 2019
—
Sudhir Chaudhary
Komal Chaudhary
Quit Claim Deed
related
—
May 24, 2019
—
109 E Palm LLC
Frankeberger R R & J M Trust
Warranty Deed
related
—
Mar 22, 2019
$195,000
Rhoda A Kraus
Lind,thomas D
Warranty Deed
—
Mar 13, 2019
$240,000
Kimberly A Randall
Swann,chris
Warranty Deed
—
Dec 6, 2018
—
J Thomas Holloway
Holloway Trust
Quit Claim Deed
related
—
Jun 15, 2018
$185,000
Robert Larson
Theobald Evelyn L L/tr
Warranty Deed
—
Aug 8, 2017
—
Robert V Stephens
Stephens Verlin K
Quit Claim Deed
related
$53,000 · Judith S Kennan
Oct 27, 2016
$168,000
Nedo Uliassi
Conner,mark & Melissa
Warranty Deed
$105,800 · Kevin & J Renee Uliassi
Nov 24, 2015
$170,000
Stephanie Alvey
Townsel,iva J
Warranty Deed
—
Jan 15, 2015
$180,000
Joseph Drzewiecki
Moore,joseph L
Grant Deed
—
Nov 18, 2014
$272,000
Debra O'connor
Palm Lane Associates LLC
Grant Deed
—
Sep 5, 2014
—
Warner Family Trust
Warner,sallyanne
Quit Claim Deed
related
—
Apr 4, 2014
—
Sallyanne Warner
Warner James Family Trust
Quit Claim Deed
related
—
Jul 1, 2013
—
Bart J Charles
Farley Julia E Trust
Grant Deed
related
—
May 15, 2013
—
Blackman,john L Living Trust
Blackman,john L
Quit Claim Deed
related
—
Apr 19, 2013
—
Johnson,stardust K Living Trust
Johnson,stardust K
Quit Claim Deed
related
—
Apr 19, 2013
$75,000
Stardust K Johnson
Toms,bonnie J
Warranty Deed
—
Jan 18, 2013
$95,000
Bart J Charles
Farley Julia E Trust
Warranty Deed
—
Oct 22, 2012
$128,000
Warner James Family Trust
Halpin,frances
Warranty Deed
—
Aug 3, 2012
$82,000
John W Deville
Brown Jean C Living Trust
Grant Deed
—
May 18, 2012
$88,610
Hamid Jabbar
Brown Jean C Living Trust
Warranty Deed
—
May 3, 2011
$120,000
William Meekin
Mischner,donna
Warranty Deed
—
Nov 19, 2010
—
Esther S Doerfler
Messmer,susan D
Quit Claim Deed
related
—
Nov 19, 2010
$115,000
Hussein Makki
Armstrong,ben
Warranty Deed
$73,660 · Ben Armstrong
Oct 21, 2010
—
Jade Mischner
Moss,howard
Grant Deed
related
—
Jul 30, 2010
—
Theobald Evelyn L Living Trust
Theobald,evelyn L
Quit Claim Deed
related
—
Nov 16, 2009
$105,000
Flynn Lois M Living Trust
Shipman,mary J
Warranty Deed
related
—
Jul 29, 2009
$114,900
Bryon Buchanan
Mccready,eugene J
Warranty Deed
$94,900 · Eugene J Mccready
Aug 21, 2008
$120,000
Mark Conner
Mantius,philip
Warranty Deed
—
Jul 24, 2007
$230,000
Robert R Frankeberger
Whitlock,william A & Shirley R
Warranty Deed
—
Feb 2, 2007
—
Esther Doerfler
Stickney Family 1998 Trust
Warranty Deed
related
—
Sep 21, 2006
$168,000
Howard Moss
Moss,howard
Grant Deed
related
$100,000 · Evelyn Moss
Apr 28, 2006
$168,000
Howard Moss
Antrim,mary J
Warranty Deed
—
Dec 9, 2005
$168,000
Valerie Brandon
Amcore Investment Group N
Warranty Deed
—
Oct 31, 2005
$195,000
Randy C Wilson
Hadden,helen I
Warranty Deed
—
Jul 28, 2005
—
Wanda Carlock
Carlock George R & W D Trust
Quit Claim Deed
related
—
Jul 28, 2005
$280,000
William M Howard
Carlock,wanda
Warranty Deed
—
May 18, 2005
$151,000
Milton Lind
Swinson,karen R
Warranty Deed
—
Apr 15, 2005
—
Springer Mayre Trust
Springer,mayre
Quit Claim Deed
related
—
Sep 30, 2004
$135,000
George W Lusk
Woodyard,mabel A
Warranty Deed
related
—
Jul 14, 2003
$101,500
Karen R Swinson
Overfield,richard R
Grant Deed
related
—
May 22, 2003
—
Brown,tr
Brown,jean C
Quit Claim Deed
related
—
Feb 3, 2003
—
Cane,tr
Cane,n
Quit Claim Deed
related
—
Jan 30, 2003
—
Joseph L Moore
Hermann,william L
Quit Claim Deed
related
$71,750 · William L Hermann
Jan 30, 2003
$102,500
Joseph L Moore
Herman,lynlie O
Grant Deed
related
—
Dec 27, 2002
—
Mary Sliger
Sliger,mary
Quit Claim Deed
related
—
Dec 4, 2002
—
William Hermann
Hermann,lynlie O
Quit Claim Deed
related
—
Oct 8, 2002
$94,500
Lynlie O Herman
Smith,dennis L & Rebecca J
Grant Deed
related
$44,500 · Dennis L & Rebecca J Smith
Sep 3, 2002
$95,000
Audrey L Colletti
Sliger,marina
Grant Deed
related
$65,000 · Norman B & De Nalda Cain
Jan 23, 2002
—
Joan R Peckham
Hadden,helen I
Grant Deed
related
—
Mar 30, 2001
$105,000
Ben Armstrong
Brice,florence B
Quit Claim Deed
related
$85,000 · Brice Trust
Mar 30, 2001
—
Elsie A Bowyer
Bowyer,elsie A
Quit Claim Deed
related
—
Feb 22, 2001
—
Jeffrey G Halpin
Halpin,frances
Quit Claim Deed
related
—
Jan 3, 2001
$86,000
Marye Springer
Whitlock,william A & Shirley
Grant Deed
related
—
Sep 22, 2000
—
Carlock Trust
Carlock Trust
Quit Claim Deed
related
—
Sep 3, 1999
—
Amcor Investment Group
Hollenbeck,evelyn S
Grant Deed
related
—
Jul 22, 1999
$75,000
Linda L January
Barry Trust
Grant Deed
related
—
Jul 7, 1999
—
Carlock Trust
Carlock Trust
Quit Claim Deed
related
—
May 3, 1999
$83,000
Phillip Mantius
Chatten Trust
Grant Deed
related
—
Apr 30, 1999
$94,500
Dennis L Smith
Durette,morzan L
Grant Deed
related
$74,000 · Seller
Dec 29, 1998
—
William A Whitlock
Whitlock,shirley O
Quit Claim Deed
related
—
Dec 29, 1998
$40,000
Weber,robert B & Margaret R
Whitlock,shirley O
Trustees Deed
related
—
Oct 2, 1998
$91,000
Richard R Overfield
Spotnitz Trust
Grant Deed
related
—
Jul 24, 1998
$85,000
Elisa De La Vara
Blackman,john L
Grant Deed
related
$77,000 · Seller
May 28, 1998
$94,500
Daniel L Kincaid
Robbins,marc B & Stace
Grant Deed
related
$52,500 · Seller
Mar 13, 1998
—
Chatten Trust
Chatten,clarence K & Ruth M
Quit Claim Deed
related
—
Sep 18, 1997
—
Audrey,toms Trust
Audrey Toms
Quit Claim Deed
related
—
Jul 15, 1997
$65,000
Nancy Cane
D Robert Roenbaugh
Grant Deed
related
—
Jun 30, 1997
$95,000
Holloway Trust
Marc B & Stace L Robbins
Grant Deed
related
$85,000 · Seller
Apr 29, 1997
$77,000
Marc B Robbins
Charles Barringer
Grant Deed
related
—
Mar 17, 1997
$71,000
Blackman,john L
Terry Mehren
Trustees Deed
related
$20,000 · Seller
Dec 27, 1996
$85,000
Herbert J Sliger
James Tadlock
Grant Deed
related
—
Dec 18, 1996
—
Edwynne C Rosenbaum Trust
Edwynne C Rosenbaum
Quit Claim Deed
related
—
Sep 12, 1996
$42,631
Mary J Antrim
Francis H Antrim
Grant Deed
related
—
Dec 20, 1995
$60,000
Marc B Robbins
Norman C & Elsie A Bowyer
Grant Deed
related
$45,000 · Seller
Aug 31, 1995
$79,000
Mary L Sliger
John T Jaynes
Grant Deed
related
$54,000 · Seller
Aug 17, 1995
$90,000
Norman C Boyer
Leonard Witzke
Grant Deed
related
—
Oct 24, 1994
$45,000
Eugene J Mccready
Burns
Grant Deed
related
—
Oct 18, 1994
$70,000
James O Tadlock
Mc Cready
Grant Deed
related
$45,000 · Seller
Jul 1, 1994
—
George R Carlock
Hollenbeck
Quit Claim Deed
related
—
May 18, 1994
—
Julia E Farley
Farley
Quit Claim Deed
related
—
Mar 4, 1994
$45,000
Eugene J Mccready
Burns
Grant Deed
related
—
Feb 18, 1994
$43,500
Francis H Antrim
Parker
Grant Deed
related
$33,500 · Seller Carry Back
Feb 4, 1994
$45,000
Charles W Townsel
Kelsey
Grant Deed
related
$35,000 · Seller Carry Back
Oct 29, 1993
$41,000
Evelyn L Theobald
Frissell
Grant Deed
related
$35,000 · Seller Carry Back
Feb 23, 1993
—
Linda Bostick
Shupe Trust
Grant Deed
related
—
Feb 3, 1993
—
Linda Bostick
Shupe Trust
Grant Deed
related
—
Jan 28, 1993
$47,000
John L Blackman
Dunham
Grant Deed
related
$31,000 · Seller Carry Back
Dec 14, 1992
—
Frances S Moley
Moley Trust
Quit Claim Deed
related
—
Oct 30, 1992
$62,500
John T Jaynes
Scott
Grant Deed
related
—
Mar 18, 1992
$62,000
Helen Hadden
Citibank
Grant Deed
related
—
Mar 26, 1991
$65,000
Leonard H Witzke
Goodsell
Grant Deed
related
—
Jun 28, 1990
$60,000
Spotnitz Murray
Mayer
Grant Deed
related
$50,000 · Seller
Jun 4, 1990
$62,500
Norman L Durette
Morrison
Grant Deed
related
$47,500 · Seller
May 8, 1989
$69,900
Michael A Scott
—
Deed Of Trust
related
—
Sep 15, 1988
$65,000
Audrey Toms
—
Deed Of Trust
related
—
Jul 1, 1988
$65,000
Audrey Toms
Dodso
Grant Deed
—
Jan 1, 1988
$65,000
Eugene Mccready
Cutle
Grant Deed
related
—
Dec 28, 1987
$57,000
Terry Mehren
—
Grant Deed
related
—
Dec 1, 1987
$57,000
Terry Eta Mehren
Endri
Grant Deed
related
—
—
—
Terry Mehren
—
Deed Of Trust
related
—
—
—
Eugene Mc Cready
—
Deed Of Trust
related
$45,000
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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