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Property profile & analytics
OFF-MARKET
Estimated value
$64,930,000
Parking lots & garages
201 1st St Phoenix, AZ 85004-2217
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-1069589
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1972
Construction
CONCRETE
Total area
491,628 SF
Lot
2.01 ac (87,750 SF)
Zoning code
C-DT
APN
112-28-012B
UPID
US07-1069589
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
-
Ace Parking Parking Lot & Garage
-
Phoenix Mercury Team Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$67.86M
Blend (final)
Blend
$64.93M
Owner & transaction history
Viola Lordsmeer LP · 7 yrs held
Viola Lordsmeer LP
since 2018
5 recorded transactions
Zoning & alternative use
C-DT · 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
$64.93M
Range $58.44M – $71.42M · ±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
$132 / 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
$460,485
Tax year 2023
Assessed value
$3,872,913
Assessed 2024
Previous assessed
$3,355,936
+15.4% YoY
Effective rate
11.89%
On assessed value
Land market value
$8,775,000
Improvement market value
$14,697,202
Total market value
$23,472,202
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
6
Units
2
Total area
491,628 SF
Lot
2.01 ac (87,750 SF)
Zoning code
C-DT
APN
112-28-012B
UPID
US07-1069589
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Phoenix, AZ
Zoning C-DT · permitted uses
C-DT · 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
1972
Construction
CONCRETE
Heating
NONE
Stories
6
Buildings
2
Units
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Viola Lordsmeer LP
Entity
Free & Clear · 7 yrs held
Mailing address
410 PARK AVE FL, NEW YORK, NY 10022-4407
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
Oct 24, 2018
—
Viola Lordsmeer LP
Phoenix-201 N Ctrl Ave Prop
Grant Deed
—
Apr 25, 2018
—
Phoenix-201 North Ctrl Avenue
Phoenix-201 North Ctrl Avenue
Quit Claim Deed
related
—
Apr 20, 2018
$78,800,000
Phoenix-201 North Ctrl Avenue
Ghidotti-gonsalves Michel|crz Phoenix I LLC
Trustees Deed
—
Oct 6, 2006
$103,048,050
Breof Bnk Phoenix LLC
Jpmorgan Chase Bank NA
Quit Claim Deed
related
—
Dec 31, 1990
$55,000,000
Valley National
Prudential Ins
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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