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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Industrial properties
2406 24th St Ste 125 Phoenix, AZ 85034-6864
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1500783
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1979
Construction
CONCRETE
Total area
9,828 SF
Lot
0.11 ac (4,578 SF)
Zoning code
A-2
APN
115-32-053
UPID
US07-1500783
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
-
N2AUTOMOTIVE Car Dealership
-
Only1 Automotives Used Car Sales Car Dealership
-
DEBONAIR DESIGN STUDIO Barber Shop
-
Motorsport Auto Sales LLC Car Dealership
-
Davinci Meeting Rooms Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.03M
Owner & transaction history
Arizona 24th St Real Estate LLC · 3 yrs held
Arizona 24th St Real Estate LLC
since 2023
Last sale
$880,000
7 recorded transactions
Zoning & alternative use
A-2 · 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
Method
Estimation
Statistic approach
$1,010,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $880k (May 31 2023)
Last sale anchor
$880k
May 31 2023
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
$104 / 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
$5,871
Tax year 2023
Assessed value
$81,131
Assessed 2024
Previous assessed
$63,070
+28.6% YoY
Effective rate
7.24%
On assessed value
Land market value
$98,300
Improvement market value
$393,400
Total market value
$491,700
Applied tax rate
71,300.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
9,828 SF
Lot
0.11 ac (4,578 SF)
Zoning code
A-2
APN
115-32-053
UPID
US07-1500783
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning A-2 · permitted uses
A-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.
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Arizona 24th St Real Estate LLC
Entity
Mailing address
265 25TH ST, OGDEN, UT 84401-2301
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
$880,000
Arizona 24th St Real Estate LLC
2406 C 125 LLC
Warranty Deed
$704,000 · Cogent Bank
Oct 28, 2022
$650,000
2406 C125 LLC
Paul Hatton
Warranty Deed
$455,000 · Capital Fund I LLC
Mar 9, 2017
$285,000
Paul Hatton
Arnold,robert
Warranty Deed
$260,000 · Robert & Nancy Arnold
Oct 3, 2016
$220,000
Robert Arnold
Grey Hawke Realty LLC
Grant Deed
—
Feb 29, 2008
$606,850
Its A Footed Thing LLC
I10 At 24th LLC
Grant Deed
$450,000 · Sunrise Mortgage Co
Dec 24, 2007
—
Grey Hawke Realty LLC
Best
Quit Claim Deed
related
—
Apr 27, 2007
$425,000
Agnitio LLC
110 At 24th LLC
Special Warranty Deed
$340,000 · M&i Marshall & Ilsley Bank
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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