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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Office buildings
200 Monroe St Phoenix, AZ 85003-1739
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2633500
Property summary
AI-generated overview
This Class A, 20-story building at 200 W Monroe St, Phoenix, AZ 85003, offers exceptional office, retail, and coworking opportunities in the heart of Downtown Phoenix. Built in 2020, this single building boasts 381,236 square feet of space, with flexible options ranging from 5,135 to 27,863 contiguous square feet. The property features multiple tenancies, ideal for a variety of businesses. Its strategic location on the corner of 2nd Ave provides excellent visibility and accessibility. The building is zoned DTC-BCORE and has convenient elevator access. Benefit from the high foot traffic generated by the building's 330 apartment units (506 bedrooms) and the vibrant surrounding neighborhood, including proximity to the Footprint Center and Roosevelt Row. This mixed-use development presents a unique opportunity to establish a presence in a thriving downtown area. The property's APN is 112-21-974A. Currently, two spaces are available. This is a rare chance to secure space in a modern, high-demand location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Total area
2,812 SF
Lot
1.25 ac (54,357 SF)
APN
112-21-974A
UPID
US07-2633500
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
-
Personal Brand Lab (Bike/Boat/Book/etc) Store Corporate Office
-
Precision Managed IT Dental Office
-
byLex Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
-
200 W Monroe St Parking Lot & Garage
-
X Phoenix Condominium Complex Condominium Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.48M
Owner & transaction history
City Of Phoenix · 3 yrs held
City Of Phoenix
since 2022
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+165.0%
Auto repair, garage
$1.2M
+40.8%
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
COMMERCIAL (GENERAL)
$2,235,000
Change: +165% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,190,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$525 / 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
$46,289
Tax year 2023
Assessed value
$20,328,660
Assessed 2024
Previous assessed
$20,328,660
+0.0% YoY
Effective rate
0.23%
On assessed value
Land market value
$5,435,700
Improvement market value
$130,088,700
Total market value
$135,524,400
Applied tax rate
11,301.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2020
Buildings
8
Stories
1
Total area
2,812 SF
Lot
1.25 ac (54,357 SF)
APN
112-21-974A
UPID
US07-2633500
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2020
Stories
1
Buildings
8
Lot
1.25 ac
Current owner
From public records · entity-resolved
City Of Phoenix
Entity
Mailing address
200 W WASHINGTON ST, PHOENIX, AZ 85003-1611
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
—
City Of Phoenix
Xsc Phoenix Investment LLC
Special Warranty Deed
$128,000,000 · Cmtg Funding II LLC
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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