New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Office buildings
11850 19th Ave, Phoenix, AZ 85029-3542
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-3426377
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
1,380 SF
Lot
2.69 ac (117,133 SF)
Zoning code
R-5
APN
149-05-002
UPID
US07-3426377
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
-
Towers on 19th Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.62M
Owner & transaction history
Towers Apartments LLC · 7 yrs held
Towers Apartments LLC
since 2018
7 recorded transactions
Zoning & alternative use
R-5 · 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
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$1,170 / 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
$35,328
Tax year 2023
Assessed value
$1,798,160
Assessed 2024
Previous assessed
$1,296,470
+38.7% YoY
Effective rate
1.96%
On assessed value
Land market value
$3,596,300
Improvement market value
$14,385,300
Total market value
$17,981,600
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
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
3
Stories
1
Units
128
Total area
1,380 SF
Lot
2.69 ac (117,133 SF)
Zoning code
R-5
APN
149-05-002
UPID
US07-3426377
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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
HEAT PUMP
Stories
1
Buildings
3
Units
128
Lot
2.69 ac
Current owner
From public records · entity-resolved
Towers Apartments LLC
Entity
Mailing address
4246 W OSBORN RD APT #1, PHOENIX, AZ 85019-3934
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2018
—
Towers Apartments LLC
Towers On 19th LLC
Quit Claim Deed
related
—
Sep 14, 2018
$7,100,000
Towers Apartments LLC
Towers On 19th LLC
Special Warranty Deed
$4,800,000 · Washington Federal NA
Oct 7, 2014
$3,625,000
Estate At North Mountain LLC
Gzl Holdings Lllp
Special Warranty Deed
$2,356,250 · Opus Bank
Jun 12, 2012
$1,440,000
Paying Cash For Housescom LLC
Azben Ltd LLC
Grant Deed
—
Jun 12, 2012
$2,174,000
Gzl Holdings Lllp
Paying Cash For Housescom LLC
Grant Deed
$1,640,000 · Artemis Secured Income Fund Ll
Jun 30, 2009
—
Prb Phoenix Fund 1 LLC
Flessix 1 LLC
Grant Deed
$4,150,000 · United Western Bank
Oct 15, 2004
—
Cheyenne Point LLC
Euromex LLC
Warranty Deed
related
—
Sep 17, 2004
—
Euromex LLC
Cheyenne Point LLC
Warranty Deed
related
$4,350,000 · Matrix Capital Bank
Jan 22, 2004
—
Cheyenne Point LLC
Euromex LLC
Grant Deed
related
—
Dec 2, 2003
$2,816,000
Euromex LLC
Lenox Mortgage II LP
Grant Deed
$2,576,000 · Irwin Union Bank & Trust Co
Jun 11, 2003
$2,350,000
Lenox Mortgage II LP
Marion Health & Hsng Phoenix 3
Trustees Deed
related
—
Jun 29, 2000
$3,010,000
Marion Health
Monterey Group LLC
Grant Deed
$2,783,800 · Gmac Commercial Mortgage Corp
Jul 14, 1995
$50,000
Klugman Trust
Pacific Property Exchange
Quit Claim Deed
related
—
Dec 23, 1994
$1,295,000
Ameri-one Investments INC
Ibanez
Trustees Deed
$995,000 · Seller
Dec 23, 1994
$1,395,000
Klugman Trust
Ameri-one Investments
Trustees Deed
—
Jul 13, 1994
$1,217,863
Alfredo M Ibanez
Bentley
Trustees Deed
—
Feb 28, 1994
—
A & L Development INC
Lynn Investments
Grant Deed
related
—
Oct 19, 1993
—
Lynn Investments L C
Lynn
Quit Claim Deed
related
—
Sep 30, 1991
$1,500,000
Lynn Paul
Bentley
Trustees Deed
—
Sep 30, 1991
$1,400,000
John Bentley
Ibanez
Grant Deed
$1,100,000 · Seller
Sep 30, 1991
—
Ibanez Alfredo M
Alri Investments
Trustees Deed
related
—
Jan 31, 1990
$1,100,000
A L R I Investme
Sec Fed Sav
Grant Deed
—
Jan 23, 1989
—
Security Savings
—
Deed Of Trust
related
—
—
—
Cheyenne Point LLC
—
Deed Of Trust
related
$300,000 · Pueblo Gardens
—
—
Monterey Group L L C
—
Deed Of Trust
related
—
—
—
Gzl Holdings Lllp
—
Deed Of Trust
related
$1,640,000 · Interamerican Investments INC
—
—
Monterey Group L L C
—
Deed Of Trust
related
$1,500,000 · Imperial Thrift & Loan Associa
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11850 19th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
