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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Office buildings
1190 Missouri Ave, Phoenix, AZ 85014-2734
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1123658
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
CONCRETE
Total area
2,508 SF
Lot
1.08 ac (47,219 SF)
Zoning code
R-5
APN
162-08-075
UPID
US07-1123658
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
-
MIREYA GARIBAY URIBE Physician
-
Melissa Procopio, MS Physician
-
RANDY WHITESIDE PROSTHETICS Orthotics & Prosthetics Service
-
SWAN Rehab | A Rehab Without Walls Clinic - Phoenix, AZ Medical Clinic
-
Nathan Miller Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$995k
Owner & transaction history
Alice Avenue LLC · 20 yrs held
Alice Avenue LLC
since 2006
7 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+60.0%
Retail stores
$745,000
+12.8%
Medical building
$665,000
+0.5%
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
$665,000
Current use
AUTO REPAIR, GARAGE
$1,060,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$745,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$665,000
Change: +0% · Conversion: Easy
WAREHOUSE, STORAGE
$650,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$640,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$397 / 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
$23,769
Tax year 2023
Assessed value
$451,687
Assessed 2024
Previous assessed
$391,714
+15.3% YoY
Effective rate
5.26%
On assessed value
Land market value
$1,451,100
Improvement market value
$1,286,395
Total market value
$2,737,495
Applied tax rate
381,300.0000
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
1960
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
2,508 SF
Lot
1.08 ac (47,219 SF)
Zoning code
R-5
APN
162-08-075
UPID
US07-1123658
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$745,000
MEDICAL BUILDING
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$650,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$640,000
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
1960
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1.08 ac
Current owner
From public records · entity-resolved
Alice Avenue LLC
Entity
Free & Clear · 20 yrs held
Mailing address
1110 E MISSOURI AVE STE #200, PHOENIX, AZ 85014-2754
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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 12, 2006
$6,600,000
Alice Avenue LLC
Missouri Camelot LLC
Special Warranty Deed
—
Oct 21, 1999
$6,500,000
Missiouri Camelot LLC
Schott Enterprises LLC
Grant Deed
$2,370,000 · Lutheran Brotherhood
Feb 11, 1999
$1,754,300
Schott Enterprises LLC
Schottenstein Trust
Quit Claim Deed
related
—
Feb 11, 1999
$877,150
Schott Enterprises LLC
Schottenstein Trust
Quit Claim Deed
related
—
Feb 11, 1999
$292,380
Schott Enterprises LLC
Schottenstein,terri L
Quit Claim Deed
related
—
May 2, 1997
$2,210,000
Stanford INC
Orchard Partners L P
Grant Deed
—
—
—
Orchard Partners
—
Deed Of Trust
related
$1,806,871 · Seller
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
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