New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Community centers
1601 Sherman St Phoenix, AZ 85007-3303
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1016516
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1967
Construction
CONCRETE
Total area
5,375 SF
Lot
1.49 ac (65,027 SF)
Zoning code
R-5
APN
112-14-002
UPID
US07-1016516
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
-
Dave Pratt Dental Clinic Nightclub Music Venue
-
The Parsons Center for Pediatric Dentistry & Orthodontics Dental Office
-
Phoenix Homes Teen Center City Government Office Youth Center
-
Boys & Girls Clubs of Metro Phoenix - I. G. Homes Branch Charitable Organization Social Service Agency
-
Boys & Girls Clubs of the Valley - I.G. Homes Branch Tutoring Service Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.34M
Owner & transaction history
Boys & Girls Clubs Of Metro Ph · 7 yrs held
Boys & Girls Clubs Of Metro Ph
since 2019
6 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+109.8%
Auto repair, garage
$2.3M
+66.0%
Office building
$2.1M
+50.0%
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
RESTAURANT
$2,870,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,270,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$2,050,000
Change: +50% · Conversion: Moderate
RETAIL STORES
$1,600,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,520,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$1,425,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±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
$435 / 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
Assessed value
$462,812
Assessed 2024
Previous assessed
$367,215
+26.0% YoY
Land market value
$615,400
Improvement market value
$2,470,014
Total market value
$3,085,414
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
5,375 SF
Lot
1.49 ac (65,027 SF)
Zoning code
R-5
APN
112-14-002
UPID
US07-1016516
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1.49 ac
Current owner
From public records · entity-resolved
Boys & Girls Clubs Of Metro Ph
Individual
Mailing address
4309 E BELLEVIEW ST BLDG #14, PHOENIX, AZ 85008-5409
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2019
—
Boys & Girls Clubs Of Metro Ph
—
Deed
related
$75,000 · Miscellaneous Govt Agcy
—
—
Boys & Girls Clubs Of Metro Ph
—
Deed Of Trust
related
$75,000 · Miscellaneous Govt Agcy
—
—
Boys & Girls Clubs Of Metropolita
—
Deed Of Trust
related
$30,519 · Miscellaneous Govt Agcy
—
—
Boys & Girls Clubs Of Metropolita
—
Deed Of Trust
related
$60,000 · Phoenix City (az)
—
—
Boys & Girls Clubs Of Metropolita
—
Deed Of Trust
related
$10,980 · Phoenix City (az)
—
—
Boys & Girls Clubs Of Metropolita
—
Deed Of Trust
related
$65,280 · Phoenix City (az)
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?”
You own 1601 Sherman St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
