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Property profile & analytics
FOR SALE
Office buildings
1502 W Hatcher Rd Phoenix, AZ 85021
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-1950192
For Sale
1 / 3
$2,800,000
1502 W Hatcher Rd, Phoenix, AZ 85021
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
CONCRETE
Total area
3,314 SF
Lot
0.79 ac (34,298 SF)
Zoning code
C-2
APN
158-23-015A
UPID
US07-1950192
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
-
James' Auto Auto Repair Shop
-
Sailun Tires (Bike/Boat/Book/etc) Store Auto Parts Store
-
Just For You African Salon Hair Salon
-
Shay’s Beauty Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.81M
Owner & transaction history
West Coast Industrial Property LLC · 3 yrs held
West Coast Industrial Property LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+92.3%
Auto repair, garage
$1.4M
+16.7%
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
$2,390,000
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
$1,200,000
Current use
COMMERCIAL (GENERAL)
$2,310,000
Change: +92% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,400,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10% · vs last sale $1.70M (Jan 17 2023)
Last sale anchor
$1.70M
Jan 17 2023
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
$546 / 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
$14,308
Tax year 2023
Assessed value
$166,477
Assessed 2024
Previous assessed
$138,210
+20.5% YoY
Effective rate
8.59%
On assessed value
Land market value
$351,700
Improvement market value
$657,249
Total market value
$1,008,949
Applied tax rate
61,300.0000
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
For Sale
Year built
1987
Construction
CONCRETE
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Units
3
Total area
3,314 SF
Lot
0.79 ac (34,298 SF)
Zoning code
C-2
APN
158-23-015A
UPID
US07-1950192
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1987
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
0.79 ac
Current owner
From public records · entity-resolved
West Coast Industrial Property LLC
Entity
Free & Clear · 3 yrs held
Mailing address
32035 ISLE VIS, LAGUNA BEACH, CA 92677-5413
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2023
$1,699,500
West Coast Industrial Property LLC
El Conquistador Properties 1 LLC
Special Warranty Deed
—
Jan 17, 2019
$559,000
El Conquistador Prop I LLC
Wit Ents INC
Grant Deed
—
Mar 23, 2012
$305,000
Wit Ents INC
Ib Property Holdings LLC
Grant Deed
—
Mar 23, 2010
—
Ib Property Holdings LLC
Bayview Ln Svcg LLC
Grant Deed
—
Feb 8, 2010
$999,000
Bayview Ln Svcg LLC
Perry Christopher R
Trustees Deed
related
—
Jul 23, 2008
—
Belhusa Investments LLC
Heng,siew H
Warranty Deed
—
Jul 13, 2007
$1,160,000
Hong Heng Siew
Janson Properties LLC
Warranty Deed
$116,000 · Janson Properties LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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