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Property profile & analytics
OFF-MARKET
Flex space
2336 Royal Palm Rd Phoenix, AZ 85021
Entity Owned
~
Est. High Equity
Property ID
US07-1084223
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1977
Construction
CONCRETE
Total area
10,336 SF
Lot
6.28 ac (273,557 SF)
Zoning code
IND.PK.
APN
158-04-080
UPID
US07-1084223
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bkm Twins Business Park 979 LLC
Bkm Twins Business Park 979 LLC
since 2025
Last sale
$81.5M
7 recorded transactions
Zoning & alternative use
IND.PK. · 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
Tax billed
$65,968
Tax year 2023
Assessed value
$1,504,635
Assessed 2024
Previous assessed
$1,129,667
+33.2% YoY
Effective rate
4.38%
On assessed value
Land market value
$1,139,400
Improvement market value
$7,979,600
Total market value
$9,119,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
7
Stories
1
Units
7
Total area
10,336 SF
Lot
6.28 ac (273,557 SF)
Zoning code
IND.PK.
APN
158-04-080
UPID
US07-1084223
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.
Building & site characteristics
From public records
Year built
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
7
Units
7
Lot
6.28 ac
Current owner
From public records · entity-resolved
Bkm Twins Business Park 979 LLC
Entity
Mailing address
1701 QUAIL ST, NEWPORT BEACH, CA 92660-2728
Ownership since
2025
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
Nov 5, 2025
$81,500,000
Bkm Twins Business Park 979 LLC
Seaphx Ll LLC
Special Warranty Deed
$34,751,000 · Zb NA
Sep 1, 2021
$27,675,000
Seaphx Ll LLC
Bkm Black Canyon 103 LLC
Special Warranty Deed
$192,750,000 · Canadian Imperial Bank Of Commerce
May 1, 2019
—
Bkm Black Canyon 103 LLC
—
Correction Deed
related
$15,000,000 · Western Alliance Bk
Mar 29, 2019
—
Bkm Black Canyon 103 LLC
—
Grant Deed
related
$15,000,000 · Western Alliance Bk
May 2, 2018
—
Bkm Black Canyon 103 LLC
—
Loan Modification
related
$15,000,000 · Other Institutional Lenders
Mar 1, 2016
—
Bkm Black Canyon 103 LLC
—
Grant Deed
related
$14,000,000 · Pccp Credit Vi Reit Sub Holdco LLC Pccp Credit Vi Reit Sub Holdco LLC
Jul 23, 2014
$3,407,945
Bkm Black Canyon 103 LLC
Black Canyon Business Park
Grant Deed
—
May 6, 2014
—
Bkm Capital Partners LP
Black Canyon Business Park
Grant Deed
—
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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