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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Flex space
2055 16th St Phoenix, AZ 85006-1911
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3353678
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1930
Construction
CONCRETE
Total area
3,107 SF
Lot
0.28 ac (12,000 SF)
Zoning code
C-2
APN
117-15-075
UPID
US07-3353678
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
-
Korean Arizona Times Publishing House Newspaper & Magazine
-
Jay Jang Printing (Bike/Boat/Book/etc) Store Printing Service
-
J.J. Rios Auto Shop Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$761k
Blend (final)
Blend
$755k
Owner & transaction history
Dubu LLC · 6 yrs held
Dubu LLC
since 2019
4 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$930,000
+36.4%
Medical building
$825,000
+20.7%
Warehouse, storage
$805,000
+18.0%
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
INDUSTRIAL (GENERAL)
$685,000
Current use
OFFICE BUILDING
$930,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$825,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$805,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$680,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$243 / 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
$5,926
Tax year 2023
Assessed value
$64,730
Assessed 2024
Previous assessed
$46,427
+39.4% YoY
Effective rate
9.15%
On assessed value
Land market value
$313,200
Improvement market value
$79,100
Total market value
$392,300
Applied tax rate
141,300.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1930
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
3,107 SF
Lot
0.28 ac (12,000 SF)
Zoning code
C-2
APN
117-15-075
UPID
US07-3353678
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$930,000
MEDICAL BUILDING
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$790,000
RETAIL STORES
Est. value
$680,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1930
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Dubu LLC
Entity
Mailing address
2055 N 16TH ST, PHOENIX, AZ 85006-1911
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2019
—
Dubu LLC
Jaewon Jang
Special Warranty Deed
$165,000 · Mountain America FCU
Jun 7, 2005
$325,000
Jaewon Jang
Olson,ronald C & Evelyn A
Warranty Deed
$214,000 · Centerbank
—
—
Jaewon Jang
—
Deed Of Trust
related
$214,000 · Bbu Bank
—
—
Ronald C Olson
—
Deed Of Trust
related
$50,000 · Bank One NA
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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