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Property profile & analytics
OFF-MARKET
Commercial real estate
120 Washington St, Phoenix, AZ 85004-2341
Entity Owned
19-yr Hold
Free & Clear
Property ID
US07-1501372
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.11 ac (4,817 SF)
Zoning code
DTC-BCORE
APN
112-28-072
UPID
US07-1501372
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
-
Arthur's Catering and Events Take-out & Catering Catering Service
-
Johnston & Kelly Plc Law Firm
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
Three E One North First Inv Co · 19 yrs held
Three E One North First Inv Co
since 2007
6 recorded transactions
Zoning & alternative use
DTC-BCORE · 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
$8,326
Tax year 2023
Assessed value
$79,481
Assessed 2024
Previous assessed
$69,598
+14.2% YoY
Effective rate
10.48%
On assessed value
Land market value
$481,700
Total market value
$481,700
Applied tax rate
11,301.0000
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
Heating
NONE
Lot
0.11 ac (4,817 SF)
Zoning code
DTC-BCORE
APN
112-28-072
UPID
US07-1501372
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-BCORE · Phoenix, AZ
Zoning DTC-BCORE · permitted uses
DTC-BCORE · 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
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Three E One North First Inv Co
Entity
Free & Clear · 19 yrs held
Mailing address
1 N 1ST ST STE 700N, PHOENIX, AZ 85004-2364
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2026
—
Elp Ventures 1n LLC
—
Deed
related
$6,057,768 · The William B And Sharon L Edson Family
May 8, 2007
—
Three E One North First Inv Co
Three E 1n1 LLC
Quit Claim Deed
related
—
Nov 8, 2006
$10,300,000
Three E 1n1 LLC
One North First Street LLC
Grant Deed
$10,300,000 · Three E One North First Inv Co
Sep 30, 2004
$5,900,000
One North First Street LLC
Elh-onf LLC
Grant Deed
related
$4,425,000 · Alliance Bank Of Arizona
Nov 25, 2003
$4,370,640
Elh-onf LLC
First Street Investments LP
Grant Deed
—
May 21, 1990
—
First Street Inv
B A Mortg & Real
Grant Deed
related
—
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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