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Property profile & analytics
OFF-MARKET
Estimated value
$20,360,000
Flex space
2320 Un Hls Dr Phoenix, AZ 85027-5195
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1453003
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2014
Total area
61,268 SF
Lot
8.96 ac (390,201 SF)
Zoning code
IND.PK.
APN
209-15-007E
UPID
US07-1453003
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.36M
Blend (final)
Blend
$20.36M
Owner & transaction history
PHOENIX INVESTORS NO 26 UNION HILLS LLC
PHOENIX INVESTORS NO 26 UNION HILLS LLC
Zoning & alternative use
IND.PK. · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$32.7M
+169.0%
Auto repair, garage
$25.9M
+112.9%
Office building
$22.7M
+87.0%
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
RESTAURANT
$32,720,000
Change: +169% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,890,000
Change: +113% · Conversion: Easy
OFFICE BUILDING
$22,745,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$18,255,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$16,265,000
Change: +34% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,595,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$20.36M
Range $18.32M – $22.40M · ±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
$332 / 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
$156,143
Tax year 2023
Assessed value
$3,423,371
Assessed 2024
Previous assessed
$2,712,690
+26.2% YoY
Effective rate
4.56%
On assessed value
Land market value
$4,028,000
Improvement market value
$16,719,700
Total market value
$20,747,700
Applied tax rate
971,300.0000
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
2014
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
61,268 SF
Lot
8.96 ac (390,201 SF)
Zoning code
IND.PK.
APN
209-15-007E
UPID
US07-1453003
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Phoenix, AZ
Zoning IND.PK. · permitted uses
IND.PK. · 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
RESTAURANT
Est. value
$32.7M
AUTO REPAIR, GARAGE
Est. value
$25.9M
OFFICE BUILDING
Est. value
$22.7M
RETAIL STORES
Est. value
$18.3M
MEDICAL BUILDING
Est. value
$16.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.6M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2014
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
8.96 ac
Current owner
From public records · entity-resolved
PHOENIX INVESTORS NO 26 UNION HILLS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
440 W 1ST ST STE #201, TUSTIN, CA 92780-3047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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