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Property profile & analytics
OFF-MARKET
Estimated value
$4,760,000
Banks
1875 Happy Vly Rd Phoenix, AZ 85085-0646
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-3491712
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
6,000 SF
Lot
2.15 ac (93,717 SF)
Zoning code
I-P
APN
210-07-050B
UPID
US07-3491712
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
-
BMO Bank N.A Branches Bank Loan Service
-
ATM (BMO Harris Bank) Atm
-
Bank of the West Bank Loan Service
-
https://screenshot.googleplex.com/BQmwumBKrqn3SPx Bank Loan Service
-
BMO Harris Bank - Mortgage Banker (Brooke O Buzas) Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.76M
Blend (final)
Blend
$4.76M
Owner & transaction history
Catalpa Industrial Park INC · 8 yrs held
Catalpa Industrial Park INC
since 2018
5 recorded transactions
Zoning & alternative use
I-P · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Commercial (general)
$4.2M
+30.9%
Restaurant
$3.2M
+0.4%
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
FINANCIAL BUILDING
$3,190,000
Current use
COMMERCIAL (GENERAL)
$4,180,000
Change: +31% · Conversion: Difficult
RESTAURANT
$3,205,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.24M · ±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
$793 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$57,710
Tax year 2022
Assessed value
$727,246
Assessed 2024
Previous assessed
$713,001
+2.0% YoY
Effective rate
7.94%
On assessed value
Land market value
$2,608,600
Improvement market value
$1,893,807
Total market value
$4,502,407
Applied tax rate
971,300.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,000 SF
Lot
2.15 ac (93,717 SF)
Zoning code
I-P
APN
210-07-050B
UPID
US07-3491712
Jurisdiction
MARICOPA
Zoning & alternative use
I-P · Phoenix, AZZoning I-P · permitted uses
I-P · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RESTAURANT
Est. value
$3.2M
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2005
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Catalpa Industrial Park INC
Entity
Free & Clear · 8 yrs held
Mailing address
111 W MONROE ST, CHICAGO, IL 60603-4096
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2018
$2,450,000
Catalpa Industrial Park INC
Cp Maple Leaf 2 LLC
Grant Deed
—
Feb 10, 2017
—
Jvk-vl II LLC
Jvk Holdings II LLC
Quit Claim Deed
related
—
Mar 24, 2015
$1,957,559
Cp Maple Leaf 2 LLC
Bmo Harris Bank NA
Special Warranty Deed
$36,333,582 · Starwood Property Mortgage Bc LLC
Aug 4, 2009
$8,215,442
Jvk Holdings LLC
Ball James B
Trustees Deed
related
—
Mar 14, 2005
$2,158,610
M & I Marshall & Ilsley Bank
Happy Valley Investment Co
Grant Deed
—
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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