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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office Spaces
16815 Desert Foothills Pkwy, Phoenix, AZ 85048-8401
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US07-3489078
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
4.31 ac (187,880 SF)
Zoning code
C-1
APN
300-96-706
UPID
US07-3489078
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
-
Ledergy Lighting LLC Big Box & Wholesale Store
-
NewPoint of View Counseling Counselor
-
Master's Arch, Inc. Dental Office
-
American Premier Insurance Insurance Agency
-
AERO Marketing Group Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Carespot LLC
Carespot LLC
since 2025
Last sale
$670,000
7 recorded transactions
Zoning & alternative use
C-1 · 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
$83
Assessed 2024
Previous assessed
$85
-2.4% 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
4.31 ac (187,880 SF)
Zoning code
C-1
APN
300-96-706
UPID
US07-3489078
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZ
Zoning C-1 · permitted uses
C-1 · 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
4.31 ac
Current owner
From public records · entity-resolved
Carespot LLC
Entity
Mailing address
2048 E MUIRWOOD DR, PHOENIX, AZ 85048-4238
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$670,000
Carespot LLC
Akoiricos Holdings 1 LLC
Special Warranty Deed
$341,500 · Arizona FCU
Dec 31, 2025
—
Carespot LLC
—
Deed
related
$273,200 · Arizona FCU
Aug 2, 2023
$570,000
Akoiricos Holdings 1 LLC
L Kog LLC
Special Warranty Deed
$520,000 · L Kong LLC
May 1, 2023
$310,000
Jh Wise LLC
Desert Foothills Professional Cente
Warranty Deed
$263,500 · Desert Foothills Professional Cente
Jul 18, 2022
$825,000
Witzallen Enterprises LLC
Desert Foothills Professional Cente
Special Warranty Deed
$620,000 · Trustbank
Jul 18, 2022
—
Herbal Medicine LLC
—
Deed
related
$620,000 · Trustbank
Jun 30, 2021
$400,000
L Kong LLC
Dgn Technologies INC
Special Warranty Deed
—
Jun 30, 2020
—
Kls Ventures LLC
Merchant Land Partners LLC
Deed
related
—
Jun 30, 2020
$255,000
Kls Ventures LLC
Merchant Land Partners LLC
Grant Deed
related
—
Mar 27, 2020
—
Nacf I Holdings LLC
—
Deed
related
$301,000 · Other Institutional Lenders
Mar 20, 2020
—
Nacf I Holdings LLC
Hb Investment Group LLC
Deed
related
—
Sep 9, 2019
$255,000
Kls Ventures LLC
Merchant Land Partners LLC
Grant Deed
$200,125 · Jp Morgan Chase Bk
Jul 31, 2018
$250,000
Jason Altzman
Merchant Land Partners LLC
Warranty Deed
$125,000 · Merchant Land Partners LLC
Feb 2, 2018
$252,879
Burton E Waite
Merchant Land Partners LLC
Warranty Deed
—
Dec 22, 2017
$94,860
Rcc Design Group L L C
Merchant Land Partners LLC
Warranty Deed
$1,400,000 · Arizona Bank & Trust
Oct 6, 2017
$170,400
Pulipaka,jyothi Trust
Merchant Land Partners LLC
Warranty Deed
—
Jun 7, 2017
$168,000
Healing Point Acupuncture And Herba
Pathfinder Trf Six LLC
Special Warranty Deed
$151,200 · Trustbank
Jun 7, 2017
—
Healing Point Acupunture And Herbal
—
Deed
related
$151,200 · Trustbank
Oct 17, 2016
$179,000
Mjc Of Kagy LLC
Pathfinder Trf Six LLC
Grant Deed
—
Sep 6, 2016
$139,000
Desert Foothills Prof Cente
Ssml LLC
Warranty Deed
—
Jun 30, 2014
—
Owner Name Unavailable
Sierra Foothills Condo Assn
Grant Deed
related
—
Feb 16, 2010
—
Foothills Condo Assn Sierra
Merchant Land Partners LLC
Grant Deed
—
Sep 29, 2006
—
Merchant Land Ptrs LLC
Owner Name Unavailable
Grant Deed
related
—
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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