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Property profile & analytics
OFF-MARKET
Retail space
1324 Broadway Rd Phoenix, AZ 85040-2326
Individually Owned
18-yr Hold
Free & Clear
Property ID
US07-1571140
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Construction
STEEL FRAME
Total area
1,105 SF
Lot
0.23 ac (9,940 SF)
Zoning code
C-3
APN
113-26-004D
UPID
US07-1571140
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
-
Imperial Tire Shop/ LLantera (Bike/Boat/Book/etc) Store Auto Parts Store
-
La Frog Car Wraps Marketing & Advertising Printing Service
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
Jose A Lovo · 18 yrs held
Jose A Lovo
since 2007
3 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-3 zone is to provide to provide for the intensive commercial uses necessary to the proper development of the community
Zone name
General Commercial
General category
COMMERCIAL
Zone area
2,827.55 ac
Source
Realmo
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
$1,976
Tax year 2023
Assessed value
$23,256
Assessed 2024
Previous assessed
$17,867
+30.2% YoY
Effective rate
8.50%
On assessed value
Land market value
$103,200
Improvement market value
$37,743
Total market value
$140,943
Applied tax rate
661,300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Construction
STEEL FRAME
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
1,105 SF
Lot
0.23 ac (9,940 SF)
Zoning code
C-3
APN
113-26-004D
UPID
US07-1571140
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZZoning C-3 · permitted uses
C-3 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose C-3 zone is to provide to provide for the intensive commercial uses necessary to the proper development of the community
Zone name
General Commercial
General category
COMMERCIAL
Zone area
2,827.55 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1951
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Jose A Lovo
Individual
Free & Clear · 18 yrs held
Mailing address
1138 E POLK ST, PHOENIX, AZ 85006-3355
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2007
—
Jose A Lovo
Lovo,jose A
Quit Claim Deed
related
—
Mar 6, 2007
$203,000
Jose A Lovo
Jauregui,javier T & Carmen
Warranty Deed
—
Jun 27, 1995
$29,000
Javier T Jauregui
Ronning Enterprises
Grant Deed
$14,500 · 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.
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