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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Flex space
2232 Rose Gdn Loop Phoenix, AZ 85024-4457
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US07-0959607
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1998
Construction
CONCRETE
Total area
5,500 SF
Lot
0.32 ac (13,815 SF)
Zoning code
CP/BP
APN
213-09-024
UPID
US07-0959607
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
-
Southwest Acoustics Inc Hardware & Home Improvement Interior Design
-
Diamondback: AC, Heating & Plumbing Plumbing Service General Contractor
-
Twisted Metal Metal Fabrication Plant Recycling Center
-
AC For Less HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$1.98M
Owner & transaction history
Mcfarland Properties LLC · 17 yrs held
Mcfarland Properties LLC
since 2008
6 recorded transactions
Zoning & alternative use
CP/BP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone option allows permits assembly, warehousing and shipping activities along with retail services selected to support these broader activities.
Zone name
Commerce And Business Park
General category
COMMERCIAL
Zone area
1,619.98 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.9M
+142.7%
Auto repair, garage
$2.3M
+92.1%
Office building
$1.7M
+36.4%
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)
$1,210,000
Current use
RESTAURANT
$2,935,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,325,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$1,650,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$1,640,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$1,460,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,425,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±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
$359 / 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
$8,378
Tax year 2023
Assessed value
$168,729
Assessed 2024
Previous assessed
$121,057
+39.4% YoY
Effective rate
4.97%
On assessed value
Land market value
$145,300
Improvement market value
$877,300
Total market value
$1,022,600
Applied tax rate
691,300.0000
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,500 SF
Lot
0.32 ac (13,815 SF)
Zoning code
CP/BP
APN
213-09-024
UPID
US07-0959607
Jurisdiction
MARICOPA
Zoning & alternative use
CP/BP · Phoenix, AZZoning CP/BP · permitted uses
CP/BP · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone option allows permits assembly, warehousing and shipping activities along with retail services selected to support these broader activities.
Zone name
Commerce And Business Park
General category
COMMERCIAL
Zone area
1,619.98 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Mcfarland Properties LLC
Entity
Mailing address
2232 E ROSE GDN LOOP STE #1, PHOENIX, AZ 85024-4458
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2018
—
Mcfarland Properties L L C
—
Deed
related
$185,000 · Desert Schools FCU
Aug 27, 2008
—
Mcfarland Properties LLC
Daniel B Mcfarland
Warranty Deed
$264,000 · Wells Fargo Bank NA
Dec 23, 2004
—
Daniel B Mcfarland
Mcfarland Properties LLC
Quit Claim Deed
related
$275,000 · New Century Mortgage
Dec 24, 1996
$89,797
Properties L L C Mcfarland
Pioneer Materials INC
Grant Deed
$56,797 · Seller
—
—
Mcfarland Properties LLC
—
Deed Of Trust
related
$280,000 · Bank One Arizona
—
—
Mcfarland Properties LLC
—
Deed Of Trust
related
$185,000 · Desert Fin'l FCU
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.
Try Rey
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