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Property profile & analytics
OFF-MARKET
Estimated value
$13,000,000
Office buildings
1500 Central Ave Phoenix, AZ 85004-1620
Entity Owned
~
Est. High Equity
Property ID
US07-0867956
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
CONCRETE
Total area
54,525 SF
Lot
2.1 ac (91,359 SF)
Zoning code
DTC-GTWY
APN
111-33-150A
UPID
US07-0867956
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
-
Donnelley Financial Solutions Financial Advisor
-
Tire Dynamics LLC (Bike/Boat/Book/etc) Store Auto Parts Store
-
Toro Tire Services (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.00M
CAP Approach
CAP
$15.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.00M
Owner & transaction history
Whitney On Central LLC
Whitney On Central LLC
since 2026
Last sale
$13.0M
7 recorded transactions
Zoning & alternative use
DTC-GTWY · 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
Method
Estimation
Statistic approach
$13,000,000
ML approach
$13,000,000
CAP Approach
CAP Return
Estimation
6%
$16,595,000
6.5%
$15,315,000
7%
$14,225,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,480,000
Current use
RETAIL STORES
$16,245,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$14,475,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$14,150,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,880,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$13.00M
Range $11.70M – $14.30M · ±10% · vs last sale $13.00M (Mar 29 2024)
Last sale anchor
$13.00M
Mar 29 2024
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
$238 / 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
$143,158
Tax year 2023
Assessed value
$2,442,215
Assessed 2024
Previous assessed
$2,442,215
+0.0% YoY
Effective rate
5.86%
On assessed value
Land market value
$9,135,900
Improvement market value
$5,665,400
Total market value
$14,801,300
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
1993
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
54,525 SF
Lot
2.1 ac (91,359 SF)
Zoning code
DTC-GTWY
APN
111-33-150A
UPID
US07-0867956
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-GTWY · Phoenix, AZ
Zoning DTC-GTWY · permitted uses
DTC-GTWY · 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
$16.5M
RETAIL STORES
Est. value
$16.2M
MEDICAL BUILDING
Est. value
$14.5M
WAREHOUSE, STORAGE
Est. value
$14.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.9M
OFFICE BUILDING Current
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
1993
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Whitney On Central LLC
Entity
Mailing address
6617 N SCOTTSDALE RD STE #101, SCOTTSDALE, AZ 85250-7803
Ownership since
2026
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
Apr 27, 2026
—
Whitney On Central LLC
Central & Mcdowell Spe LLC
Special Warranty Deed
related
—
Jul 19, 2024
—
Aff V Trust
—
Deed
related
—
Jul 1, 2024
—
Aff V 1500 N Central LP
—
Deed
related
$9,150,000 · Aff V Trust
Apr 5, 2024
—
Central & Mcdowell Spe LLC
Donnelley Financial LLC
Re-recorded Document
related
—
Mar 29, 2024
$13,000,000
Central & Mcdowell Spe LLC
Donnelley Financial LLC
Special Warranty Deed
$9,150,000 · Aff V 1500 N Central LP
Jan 11, 2017
—
Donnelley Financial LLC
—
Deed
related
$650,000,000 · Jp Morgan Chase Bk
Apr 1, 2009
—
Bowne Of Arizona INC
—
Deed Of Trust
related
$150,000,000 · J P Morgan Chase Bank
Mar 23, 2006
—
City Of Phoenix
Bowne Of Phoenix INC
Grant Deed
—
—
—
Donnelley Financial LLC
—
Deed Of Trust
related
$650,000,000 · Jp Morgan Chase Bk
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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