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Property profile & analytics
OFF-MARKET
Office buildings
2015 Cactus Rd, Phoenix, AZ 85029-2788
Entity Owned
3-yr Hold
Property ID
US07-2756399
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
579 SF
Lot
7.5 ac (326,559 SF)
Zoning code
R-3A
APN
149-05-383
UPID
US07-2756399
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
-
Arizona Job Ads Employment Agency
-
Cactus Plaza Business Service Center Corporate Office
-
Rise Desert Cove Apartment Complex Apartment Building
-
Spring Apartments Real Estate Agency
-
Grizzly Paw Techs Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rise Desert Cove LLC · 3 yrs held
Rise Desert Cove LLC
since 2023
Last sale
$42.0M
7 recorded transactions
Zoning & alternative use
R-3A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$50
Assessed 2024
Previous assessed
$79,940
-99.9% YoY
Land market value
$500
Total market value
$500
Applied tax rate
61,300.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
579 SF
Lot
7.5 ac (326,559 SF)
Zoning code
R-3A
APN
149-05-383
UPID
US07-2756399
Jurisdiction
MARICOPA
Zoning & alternative use
R-3A · Phoenix, AZ
Zoning R-3A · permitted uses
R-3A · 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
1984
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
7.5 ac
Current owner
From public records · entity-resolved
Rise Desert Cove LLC
Entity
Mailing address
8324 E HARTFORD DR, SCOTTSDALE, AZ 85255-5466
Ownership since
2023
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
Mar 30, 2023
$42,000,000
Rise Desert Cove LLC
Lwh Spring Apartments LP
Special Warranty Deed
$31,002,510 · Bds IV Mortgage Capital W LLC
May 18, 2016
$13,805,000
Lwh Spring Apartments LP
Redwood Place LLC
Grant Deed
—
Jun 12, 2009
—
Redwood Place LLC
Owner Name Unavailable
Grant Deed
related
—
Jan 26, 2009
$2,500,000
Vreo X LLC
Chicago Title Co
Trustees Deed
related
—
Apr 17, 2006
$10,600,000
Redwood Place LLC
Fountain Creek Apts LLC
Grant Deed
$18,000,000 · Vestin Mortgage INC
Jan 8, 2004
—
Fountain Creek Apts LLC
Palm Aire Apts Assoc LLC
Grant Deed
related
—
Jan 3, 2003
—
Palm Aire Apts Associates LLC
Eqr-arizona LLC
Grant Deed
$7,160,000 · E F & A Funding LLC
Jun 4, 1991
$5,345,000
Midlands Co
Cactus Investmen
Trustees Deed
—
Jun 4, 1991
—
Midlands Co
Cactus Investmen
Trustees Deed
related
—
—
—
R P Operating L P E
—
Deed Of Trust
related
—
—
—
Creek Fountain
—
Deed Of Trust
related
—
—
—
L L C Eqr-arizona
—
Deed Of Trust
related
—
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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