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Property profile & analytics
OFF-MARKET
Estimated value
$63,705,000
Specialty properties
19940 23rd Ave, Phoenix, AZ 85027-7401
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-3436428
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2004
Construction
STEEL FRAME
Total area
3,216 SF
Lot
7.08 ac (308,271 SF)
Zoning code
R-4A
APN
209-16-019
UPID
US07-3436428
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
-
Millison SR22 Insurance Financial Advisor Insurance Agency
-
Element Deer Valley Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$64.86M
Blend (final)
Blend
$63.71M
Owner & transaction history
Wrpv Xiiii Element Phoenix LLC · 7 yrs held
Wrpv Xiiii Element Phoenix LLC
since 2018
7 recorded transactions
Zoning & alternative use
R-4A · 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
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
Blend value · Realmo final
$63.71M
Range $57.33M – $70.08M · ±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
$19,809 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$218,373
Tax year 2023
Assessed value
$8,798,770
Assessed 2024
Previous assessed
$6,544,820
+34.4% YoY
Effective rate
2.48%
On assessed value
Land market value
$18,636,200
Improvement market value
$69,351,500
Total market value
$87,987,700
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
56
Stories
1
Units
233
Total area
3,216 SF
Lot
7.08 ac (308,271 SF)
Zoning code
R-4A
APN
209-16-019
UPID
US07-3436428
Jurisdiction
MARICOPA
Zoning & alternative use
R-4A · Phoenix, AZ
Zoning R-4A · permitted uses
R-4A · 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
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
56
Units
233
Lot
7.08 ac
Current owner
From public records · entity-resolved
Wrpv Xiiii Element Phoenix LLC
Entity
Mailing address
30 S WACKER DR #36, CHICAGO, IL 60606-7413
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2018
$94,525,000
Wrpv Xiiii Element Phoenix LLC
Spus7 Element LP
Grant Deed
—
Jul 16, 2015
$66,300,000
Spus7 Element LP
Canyons North 23rd Avenue
Grant Deed
—
Apr 16, 2013
—
Canyons North 23rd Avenue LLC
—
Deed Of Trust
related
$32,500,000 · Bank Of America
Dec 27, 2012
$50,000,000
North 23rd Avenue L Canyons
Canyons Cra B-1 LLC
Grant Deed
—
Dec 27, 2012
—
Canyons North 23rd Avenue LLC
Cra B-1 LLC
Quit Claim Deed
related
$32,500,000 · Key Bank & Trust
Nov 1, 2010
—
Canyons Cra-b1 LLC
—
Deed Of Trust
related
$17,000,000 · Northmarq Capital INC
Jul 8, 2010
$45,500,000
Canyons Cra-b1 LLC
Wbcmt 2006-c27 Phoenix Canyons
Grant Deed
—
Nov 20, 2009
$39,000,000
Wbcmt 2006-c27 Phoenix Canyons
Ballard Spahr LLP
Trustees Deed
—
May 31, 2006
—
Copper & Indigo Canyons LLC
Copper & Indigo Canyons LLC
Quit Claim Deed
related
—
May 31, 2006
$80,800,000
M & B Property Holdings LLC
Copper & Indigo Canyons LLC
Trustees Deed
related
$63,000,000 · Wachovia Bank NA
—
—
Spus7 Element LP
—
Deed Of Trust
related
$43,900,000 · Citizens Bk
—
—
Canyons Cra-b1 LLC
—
Deed Of Trust
related
$28,500,000 · Key Bank & Trust
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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