New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Day care centers
2318 35th Ave, Phoenix, AZ 85009-1418
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1039136
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1958
Construction
CONCRETE
Total area
2,640 SF
Lot
0.18 ac (8,028 SF)
Zoning code
C-C
APN
108-14-045
UPID
US07-1039136
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
-
A Kiddie's Kingdom Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$983k
Blend (final)
Blend
$1.27M
Owner & transaction history
Deene K Properties LLC · 1 yrs held
Deene K Properties LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+129.0%
Auto repair, garage
$840,000
+10.6%
Retail stores
$785,000
+3.6%
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
$1,270,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,740,000
Change: +129% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$785,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.27M (Aug 5 2024)
Last sale anchor
$1.27M
Aug 5 2024
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
$481 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,712
Tax year 2022
Assessed value
$89,360
Assessed 2024
Previous assessed
$73,220
+22.0% YoY
Effective rate
8.63%
On assessed value
Land market value
$100,400
Improvement market value
$793,200
Total market value
$893,600
Applied tax rate
51,300.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1958
Construction
CONCRETE
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
6
Stories
1
Units
6
Total area
2,640 SF
Lot
0.18 ac (8,028 SF)
Zoning code
C-C
APN
108-14-045
UPID
US07-1039136
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZ
Zoning C-C · permitted uses
C-C · 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
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$840,000
RETAIL STORES
Est. value
$785,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1958
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
6
Units
6
Lot
0.18 ac
Current owner
From public records · entity-resolved
Deene K Properties LLC
Entity
Mailing address
2318 N 35TH AVE, PHOENIX, AZ 85009-1418
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
$1,270,000
Deene K Properties LLC
Dorothy A Martin
Special Warranty Deed
$640,000 · Jpmorgan Chase Bank NA
Jun 9, 2021
—
Deene K Properties LLC
Deene K Beauchamp
Intrafamily Transfer
related
—
Oct 1, 2019
—
Beauchamp,deene K Trust
Beauchamp,deene K
Quit Claim Deed
related
—
Mar 21, 2019
—
2318 N 35th Avenue LLC
Mcdonald Brian Living T
Grant Deed
—
Mar 19, 2019
—
Mcdonald,brian Living Trust
Mcdonald Earlene F/tr
Quit Claim Deed
related
—
Apr 18, 2017
—
Mcdonald,earlene Family Trust
Mcdonald,earlene
Quit Claim Deed
related
—
Dec 14, 2016
—
Mcdonald,earlene Family Trust
Mcdonald,earlene
Quit Claim Deed
related
—
—
—
Martin Family Trust
—
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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