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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Auto shops
2503 16th St Phoenix, AZ 85006-1486
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2733637
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1925
Construction
STEEL FRAME
Total area
2,743 SF
Lot
0.49 ac (21,356 SF)
Zoning code
C-2
APN
117-05-025A
UPID
US07-2733637
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
$1.16M
Blend (final)
Blend
$1.13M
Owner & transaction history
Matthew J Seikkula · 8 yrs held
Matthew J Seikkula
since 2018
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
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
AUTO REPAIR, GARAGE
$1,160,000
Current use
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$412 / 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
$4,874
Tax year 2023
Assessed value
$104,522
Assessed 2024
Previous assessed
$84,004
+24.4% YoY
Effective rate
4.66%
On assessed value
Land market value
$534,200
Improvement market value
$326,417
Total market value
$860,617
Applied tax rate
141,300.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1925
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
2,743 SF
Lot
0.49 ac (21,356 SF)
Zoning code
C-2
APN
117-05-025A
UPID
US07-2733637
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZZoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.2M
AUTO REPAIR, GARAGE Current
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
1925
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
0.49 ac
Current owner
From public records · entity-resolved
Matthew J Seikkula
Individual
Mailing address
8776 E SHEA BLVD STE #106, SCOTTSDALE, AZ 85260-6687
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
—
Civic Management INC
—
Deed
related
$250,000 · Metro Phoenix Bank
Jun 11, 2020
—
Civic Management INC
—
Deed
related
$171,000 · Wells Fargo Bank NA
May 31, 2018
—
Matthew J Seikkula
Jarrett,thomas H & Sandra A
Warranty Deed
related
—
Nov 20, 2017
—
Civic Management INC
—
Deed
related
$167,078 · Wells Fargo Bk
Mar 29, 2013
$250,000
Civic Management INC
2503n16thstreet LLC
Special Warranty Deed
$187,500 · Wells Fargo Bank NA
May 28, 2010
$105,000
2503n16thstreet LLC
First Fidelity Bank NA
Grant Deed
—
Feb 9, 2010
$300,000
First Fidelity Bank NA
Green Richard
Trustees Deed
related
—
Mar 15, 2007
—
31st Place Apartments LLC
Ambrose Rojas III
Warranty Deed
$750,000 · First Fidelity Bank NA
Nov 21, 2006
—
31st Place Apartments LLC
Smith,tammie
Grant Deed
related
—
Jan 24, 2006
—
Tammie Smith
31st Place Apartments LLC
Quit Claim Deed
related
—
Jun 7, 2005
$375,000
31st Place Apartments
Azjmb
Warranty Deed
$440,000 · Merchants Funding LLC
Jul 20, 2004
—
Azjmb LLC
Beougher,jerry
Warranty Deed
related
$515,000 · Sfg Of Arizona
Nov 22, 2000
$135,000
Jerry Beogher
Ehlers,jeffrey J
Grant Deed
$95,000 · Seller
Jan 28, 1997
—
Jeffrey Ehlerrs
Karen Ehlers
Quit Claim Deed
related
—
—
—
Civic Management INC
—
Loan Modification
related
$167,078 · Wells Fargo Bk
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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