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Property profile & analytics
OFF-MARKET
Industrial properties
1646 University Dr Phoenix, AZ 85034-6724
Entity Owned
Free & Clear
Property ID
US07-0020770
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1970
Construction
CONCRETE
Total area
10,560 SF
Lot
3.24 ac (141,091 SF)
Zoning code
A-2
APN
115-29-045B
UPID
US07-0020770
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
-
TruckPro Auto Parts Store
-
Leaf Spring Supply Auto Parts Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1626 1646 E University V2 LLC
1626 1646 E University V2 LLC
since 2026
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
A-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$44,153
Tax year 2023
Assessed value
$650,958
Assessed 2024
Previous assessed
$642,515
+1.3% YoY
Effective rate
6.78%
On assessed value
Land market value
$1,826,600
Improvement market value
$2,118,600
Total market value
$3,945,200
Applied tax rate
71,300.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
2
Total area
10,560 SF
Lot
3.24 ac (141,091 SF)
Zoning code
A-2
APN
115-29-045B
UPID
US07-0020770
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning A-2 · permitted uses
A-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.
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
2
Lot
3.24 ac
Current owner
From public records · entity-resolved
1626 1646 E University V2 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
15030 N HAYDEN RD STE #115, SCOTTSDALE, AZ 85260-2564
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
$7,806,202
1626 1646 E University V2 LLC
1646 University LLC
Special Warranty Deed
—
Aug 17, 2021
—
1646 University LLC
—
Deed
related
$2,662,900 · Firstbank
Jun 17, 2021
$3,804,255
1646 University LLC
17th & University LLC
Special Warranty Deed
—
Feb 25, 2016
—
17th & University LLC
Olsen Family Trust
Warranty Deed
related
—
May 10, 2005
$1,485,000
Olsen Trust
White Brothers Investment
Warranty Deed
—
Mar 18, 2004
$193,000
White Investments Co
—
Trustees Deed
related
$750,000 · Affinity Bank
Apr 15, 1999
$950,000
White Brothers Investments Co
Calmat Properties Co
Grant Deed
—
Dec 31, 1997
$480,000
Donald J Mahoney JR.
16th & University L L C
Grant Deed
$1,900,000 · Bank Of Arizona
May 20, 1997
$823,577
16th & University L L C
Calmat Properties Co
Trustees Deed
—
May 20, 1997
$414,257
Harrison,jr James D
16th & University L L C
Trustees Deed
$450,000 · Bank Of Arizona
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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