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Property profile & analytics
OFF-MARKET
Estimated value
$3,460,000
Industrial properties
1936 Monona Dr Phoenix, AZ 85027-3479
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-3282072
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1996
Construction
CONCRETE
Total area
10,416 SF
Lot
0.64 ac (27,859 SF)
Zoning code
CP/GCP
APN
209-18-417A
UPID
US07-3282072
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
-
Fire-Tec Aero Systems Production Facility Building Supply
-
Fire-Tec Aero Systems LLC Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$3.46M
Owner & transaction history
Mekjian Holdings LLC · 7 yrs held
Mekjian Holdings LLC
since 2019
6 recorded transactions
Zoning & alternative use
CP/GCP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+169.0%
Auto repair, garage
$4.4M
+112.9%
Office building
$3.9M
+87.0%
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
RESTAURANT
$5,560,000
Change: +169% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,400,000
Change: +113% · Conversion: Easy
OFFICE BUILDING
$3,865,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$3,105,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$2,765,000
Change: +34% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,650,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$3.46M
Range $3.11M – $3.81M · ±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
$332 / 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
$16,708
Tax year 2022
Assessed value
$315,233
Assessed 2024
Previous assessed
$251,821
+25.2% YoY
Effective rate
5.30%
On assessed value
Land market value
$463,800
Improvement market value
$1,446,700
Total market value
$1,910,500
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,416 SF
Lot
0.64 ac (27,859 SF)
Zoning code
CP/GCP
APN
209-18-417A
UPID
US07-3282072
Jurisdiction
MARICOPA
Zoning & alternative use
CP/GCP · Phoenix, AZ
Zoning CP/GCP · permitted uses
CP/GCP · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.9M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1996
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Mekjian Holdings LLC
Entity
Mailing address
1936 W MONONA DR, PHOENIX, AZ 85027-3479
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2020
—
Mekjian Holdings LLC
—
Deed
related
$900,016 · Bank Of America
Apr 30, 2019
$1,415,000
Mekjian Holdings LLC
Dps Holdings LLC
Special Warranty Deed
$900,016 · Bank Of America NA
Aug 26, 2005
$988,912
Dps Holdings LLC
Bourget Investments LLC
Grant Deed
$1,033,930 · Western National Bank
Aug 1, 2003
$751,100
Bourget Investments LLC
Wilker,tr
Grant Deed
$716,100 · Wilker Trust
—
—
Dps Holdings LLC
—
Deed Of Trust
related
$71,070 · Western National Bank
—
—
Mekjian Holdings LLC
—
Deed Of Trust
related
$900,016 · Bank Of America
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.
Try Rey
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