1614 Roosevelt St Phoenix, AZ 85007-2030
Entity Owned
~
Est. High Equity
Estimated value (blended)
$850k
Range $765k – $935k (±10%)
Property ID
US07-1212618
Property summary
AI-generated overview
This exceptional Phoenix investment opportunity presents a meticulously renovated, 29,212 square foot, multi-tenant executive office building situated on approximately 1.73 to 1.99 acres. Originally constructed in 1958 and extensively renovated in 2015, this Class B property boasts a 6.80% cap rate and an asking price of $4,615,000. The property features abundant parking (2.42 spaces per 1,000 sq ft), a gated yard, and a versatile layout including creative office spaces and functional warehouse areas. Each unit offers private HVAC, polished concrete floors, and LED lighting. Shared amenities include a conference room, break room, and restrooms. The property benefits from its Planned Unit Development (PUD) zoning, allowing for a diverse range of uses. Its historic designation adds unique character and potential eligibility for city incentives. This prime location in Phoenix, AZ (85007), near downtown, offers exceptional accessibility and a blend of historic charm and modern functionality. The property's APN is 111-16-065A.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
CONCRETE
Total area
19,317 SF
Lot
1.99 ac (86,737 SF)
Zoning code
PUD
APN
111-16-065B
UPID
US07-1212618
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Property Management Company
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Coworking & Hybrid Office
-
Photography Service (Bike/Boat/Book/etc) Store
-
Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.83M
Blend (final)
Blend
$850k
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
PUD · Phoenix, AZ
Zoning description
The Planned Unit Development is intended to create a built environment that is superior to that produced by conventional zoning districts and design guidelines
General category
PLANNED_DEVELOPMENT
Top alternative use upside
Restaurant
$10.3M
+39.9%
Auto repair, garage
$8.2M
+10.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$850k
Value range
$765k – $935k
±10% around blend
Estimated value / SF
$44 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$765k
blend $850k
$935k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,317 SF
Lot area
1.99 ac
Year built
1958
Stories
2
APN
111-16-065B
Assessed value
$1,152,228
Annual tax
$56,079
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.86M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.9 mi away · 17,611 SF
5.8 mi away · 17,840 SF
7.1 mi away · 14,840 SF
7.5 mi away · 21,553 SF
7.9 mi away · 20,379 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$850k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 30 sales
$382
-88%
Submarket 958 sales
$300
-85%
County 2871 sales
$239
-82%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $44/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+40%
vs current-use indication
Auto Repair, Garage
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.15M
Move the market yield to see immediate price impact.
Value / SF
$60
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$73k
$1.45M
$1.04M
$807k
$81k
$1.61M
$1.15M
$896k
$89k
$1.77M
$1.27M
$986k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$4.50M
3.5 mi · Jan 2026 · $237/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,079
Tax year 2023
Assessed value
$1,152,228
Assessed 2024
Previous assessed
$659,124
+74.8% YoY
Effective rate
4.87%
On assessed value
Land market value
$3,035,700
Improvement market value
$3,947,500
Total market value
$6,983,200
Applied tax rate
11,300.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1958
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
2
Units
2
Total area
19,317 SF
Lot
1.99 ac (86,737 SF)
Zoning code
PUD
APN
111-16-065B
UPID
US07-1212618
Jurisdiction
MARICOPA
Zoning & alternative use
PUD · Phoenix, AZZoning PUD · permitted uses
PUD · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Planned Unit Development is intended to create a built environment that is superior to that produced by conventional zoning districts and design guidelines
General category
PLANNED_DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Units
2
Lot
1.99 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PUD
PLANNED_DEVELOPMENT
Jurisdiction
Phoenix, AZ
Recorded code
PUD
Official district
PUD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD in Phoenix, AZ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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