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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office Spaces
16515 40th St, Phoenix, AZ 85048-0558
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-1541618
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
5.08 ac (221,439 SF)
Zoning code
C-O
APN
301-85-242
UPID
US07-1541618
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
-
Spine Institute of Arizona Physician
-
Desert Shores Dentistry Dental Office
-
Webster Shari R DC Alternative Medicine Practice
-
Mark S. Williams Law Firm
-
Cales Gloria L Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Fountain Properties II LLC
Fountain Properties II LLC
since 2026
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
C-O · 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
Assessed value
$75
Assessed 2024
Previous assessed
$75
+0.0% YoY
Land market value
$500
Total market value
$500
Applied tax rate
281,300.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Lot
5.08 ac (221,439 SF)
Zoning code
C-O
APN
301-85-242
UPID
US07-1541618
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZ
Zoning C-O · permitted uses
C-O · 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
Heating
NONE
Lot
5.08 ac
Current owner
From public records · entity-resolved
Fountain Properties II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2915 E BASELINE RD STE #115, GILBERT, AZ 85234-2427
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
30 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
—
Fountain Properties II LLC
Fountain Family Trust
Special Warranty Deed
related
—
Feb 3, 2026
$750,000
Fountain Family Trust
Pacific Holdings 16515az LLC
Special Warranty Deed
—
Dec 22, 2025
$760,000
Swan Center For Empowered Healing L
Aph Holdings LLC
Special Warranty Deed
$460,000 · Midfirst Bank
Sep 9, 2025
$515,000
16515 S 40th Street Suite 125 LLC
Jeremy Ramsland
Special Warranty Deed
$412,000 · Bokf NA
Dec 18, 2023
$490,000
Koury Investments Commercial LLC
James J Wilcox
Special Warranty Deed
—
Nov 14, 2023
$415,000
Jeremy Ramsland
Cbkm Ventures II LLC
Warranty Deed
$165,000 · First Bank
Mar 1, 2023
—
Tanya George
Charles J Guzelli
Deed
—
Feb 22, 2022
$693,000
Pacific Holdings 16516 Az LLC
Sfcc Holdings Association LLC
Special Warranty Deed
$485,100 · Midfirst Bank
Feb 22, 2022
—
Carl J Romeo
—
Deed
related
$418,000 · Mountain America FCU
Feb 18, 2022
$1,150,000
Carl J Romeo
John R Zarzynski
Special Warranty Deed
$418,000 · Mountain America FCU
Jul 22, 2021
$742,000
Two Bits Properties LLC
David Anthony Cia Investments LLC
Special Warranty Deed
—
Jul 9, 2021
$630,000
Jenice Hughes
Akuvakka Investments LLC
Special Warranty Deed
—
Jul 8, 2021
—
Goldfinch Offices LLC
—
Deed
related
$764,967 · Firstbank
Jun 24, 2021
$630,000
Able Bridges LLC
Cph LLC
Special Warranty Deed
$472,500 · First Fidelity Bank
Mar 31, 2021
$441,000
David Anthony Cia Investments LLC
Lily Pond LLC C Series
Special Warranty Deed
$350,000 · Ron Swanson Holdings LLC
Jan 11, 2021
—
Lily Pond LLC Series C
Byline Bk
Grant Deed
related
—
Feb 25, 2019
$655,000
Cgtatta LLC
Johnny K LLC
Warranty Deed
—
Sep 27, 2018
$460,000
Fitzgerald Of Cales PLLC
Cales,gloria L
Warranty Deed
$171,000 · Gloria L Cales
Sep 27, 2018
—
Gloria L Cales
Davis,clint D
Quitclaim Deed
related
$896,000 · Byline Bk
Sep 6, 2018
—
Gloria Cales
Tschumy Foothills LLC
Grant Deed
related
—
Aug 29, 2018
$500,000
Akuvakka Investments LLC
Kenneth L Pettit Do LLC
Special Warranty Deed
$355,000 · Wells Fargo Bank NA
Jul 17, 2018
—
Mettham Family Trust
—
Deed
related
$328,500 · Seacoast Cmrc Bk
Jul 9, 2018
$365,000
John Scott Mettham
Eric Weinbrenner
Special Warranty Deed
$328,500 · Seacoast Commerce Bank
May 15, 2018
—
Eric,weinbrenner Living Trust
Weinbrenner,eric
Quitclaim Deed
related
—
May 4, 2018
$400,000
Aph Holdings LLC
Marc D Essert
Special Warranty Deed
$407,700 · Wells Fargo Bank NA
Apr 30, 2018
—
Eric Weinbrenner
—
Grant Deed
related
$4,999,900 · Mcdade Jon R Trust (pt)
Apr 5, 2018
$398,820
Winton Holdings LLC
True North Investment LLC
Special Warranty Deed
$390,300 · Wells Fargo Bank NA
Oct 19, 2017
$975,000
Mhika Commercial Props LLC
Kenneth L Pettit Do LLC
Grant Deed
—
Aug 24, 2017
—
Gloria Cales
Tschumy Foothills LLC
Warranty Deed
related
—
Jun 12, 2017
$1,076,925
Goldfinch Offices LLC
Arizona Holdings LLC
Grant Deed
$858,000 · 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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