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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Office buildings
1437 1st St, Phoenix, AZ 85004-1624
Entity Owned
~
Est. High Equity
Property ID
US07-3242346
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
CONCRETE
Total area
6,700 SF
Lot
0.16 ac (7,000 SF)
Zoning code
DTC-TWNPK
APN
111-35-091
UPID
US07-3242346
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
-
BFree Organics Alternative Medicine Practice
-
Giant Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.94M
Owner & transaction history
1437 LLC
1437 LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
DTC-TWNPK · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+39.8%
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
$2,025,000
Current use
AUTO REPAIR, GARAGE
$2,830,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$1,995,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$1,780,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,740,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,705,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±10% · vs last sale $1.78M (Dec 18 2025)
Last sale anchor
$1.78M
Dec 18 2025
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
$289 / 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
$13,793
Tax year 2023
Assessed value
$230,868
Assessed 2024
Previous assessed
$198,220
+16.5% YoY
Effective rate
5.97%
On assessed value
Land market value
$700,000
Improvement market value
$699,200
Total market value
$1,399,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
6,700 SF
Lot
0.16 ac (7,000 SF)
Zoning code
DTC-TWNPK
APN
111-35-091
UPID
US07-3242346
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-TWNPK · Phoenix, AZ
Zoning DTC-TWNPK · permitted uses
DTC-TWNPK · 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
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
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
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
1437 LLC
Entity
Mailing address
8095 OTHELLO AVE, SAN DIEGO, CA 92111-3713
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
$1,775,000
1437 LLC
Sunbelt Land Holdings LP
Special Warranty Deed
$2,056,000 · Midwest Regional Bank
Feb 11, 2019
$1,775,000
Sunbelt Land Holdings LP
Jfn Reai Estate Holdings L
Grant Deed
—
Jul 3, 2017
$1,250,000
J Fn Real Estate Holdings LLC
1437 N 1st Street LLC
Warranty Deed
$1,000,000 · Midfirst Bank
Mar 11, 2008
—
1437 N 1st Street LLC
Christopher Nieto
Quit Claim Deed
related
$800,000 · Gateway Commercial Bank
Feb 1, 2008
—
1437 N 1st St LLC
Nieto,christopher & Rebecca
Quit Claim Deed
related
—
Aug 1, 2007
$800,000
Christopher Nieto
Campbell C C JR & L G Trust
Grant Deed
—
—
—
Charles C Campbell
—
Deed Of Trust
related
$131,249 · National Bank Canada
—
—
1437 N 1st Street LLC
—
Loan Modification
related
$772,400 · Gateway Commercial Bank
—
—
1437 N 1st Street LLC
—
Deed Of Trust
related
$800,000 · Gateway Commercial Bank
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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