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Property profile & analytics
OFF-MARKET
Estimated value
$3,680,000
Warehouses
1401 Central Ave, Phoenix, AZ 85004-2839
Trust Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0976977
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1930
Construction
CONCRETE
Total area
18,000 SF
Lot
0.86 ac (37,465 SF)
Zoning code
A-1
APN
112-34-019K
UPID
US07-0976977
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
-
Axle Transmission Auto Repair Shop
-
Blue Fin Restaurant
-
LKQ Goody's Truck Parts Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$3.68M
Owner & transaction history
Liber Michael & Marcia Trust · 19 yrs held
Liber Michael & Marcia Trust
since 2007
5 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.4M
+16.5%
Retail stores
$5.4M
+14.8%
Medical building
$4.8M
+2.3%
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
WAREHOUSE, STORAGE
$4,670,000
Current use
OFFICE BUILDING
$5,440,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$5,365,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$4,780,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,580,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$3.68M
Range $3.31M – $4.05M · ±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
$204 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$17,421
Tax year 2022
Assessed value
$312,543
Assessed 2024
Previous assessed
$237,320
+31.7% YoY
Effective rate
5.57%
On assessed value
Land market value
$589,600
Improvement market value
$1,304,600
Total market value
$1,894,200
Applied tax rate
11,300.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1930
Construction
CONCRETE
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Total area
18,000 SF
Lot
0.86 ac (37,465 SF)
Zoning code
A-1
APN
112-34-019K
UPID
US07-0976977
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZ
Zoning A-1 · permitted uses
A-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$4.7M
OFFICE BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1930
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Liber Michael & Marcia Trust
Trust
Mailing address
1112 E BUCKEYE RD, PHOENIX, AZ 85034-4043
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2007
—
Liber Michael & Marcia Trust
Axle Transmission INC
Grant Deed
related
$2,000,000 · Johnson Bank
Oct 18, 2006
—
Michael D Liber
Axle Transmission INC
Grant Deed
related
—
Jan 2, 2004
—
Axle Transmission
Liber,tr
Grant Deed
related
—
Jan 8, 1999
$210,000
Wade S Borg
All Valley Investment Co
Grant Deed
—
—
—
Liber Michael & Marcia Trust
—
Deed Of Trust
related
$1,100,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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