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Property profile & analytics
OFF-MARKET
Estimated value
$10,930,000
Auto shops
2625 12th Pl, Phoenix, AZ 85034-0300
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1828703
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2018
Construction
CONCRETE
Total area
15,147 SF
Lot
6.14 ac (267,422 SF)
Zoning code
A-2
APN
115-37-179
UPID
US07-1828703
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
-
VMI Riverview Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.01M
Blend (final)
Blend
$10.93M
Owner & transaction history
2625 Phoenix Partners LLC · 1 yrs held
2625 Phoenix Partners LLC
since 2025
Last sale
$10.9M
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.7M
+144.7%
Office building
$8.9M
+39.4%
Restaurant
$8.1M
+26.4%
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
$11,010,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,660,000
Change: +145% · Conversion: Moderate
OFFICE BUILDING
$8,925,000
Change: +39% · Conversion: Difficult
RESTAURANT
$8,090,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$10.93M
Range $9.84M – $12.02M · ±10% · vs last sale $10.85M (Jun 11 2025)
Last sale anchor
$10.85M
Jun 11 2025
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
$722 / 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
$72,720
Tax year 2023
Assessed value
$1,035,446
Assessed 2024
Previous assessed
$798,779
+29.6% YoY
Effective rate
7.02%
On assessed value
Land market value
$2,875,400
Improvement market value
$3,400,031
Total market value
$6,275,431
Applied tax rate
11,300.0000
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
2018
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
15,147 SF
Lot
6.14 ac (267,422 SF)
Zoning code
A-2
APN
115-37-179
UPID
US07-1828703
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$15.7M
OFFICE BUILDING
Est. value
$8.9M
RESTAURANT
Est. value
$8.1M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2018
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
6.14 ac
Current owner
From public records · entity-resolved
2625 Phoenix Partners LLC
Entity
Mailing address
1035 N MCQUEEN RD STE #108, GILBERT, AZ 85233-2334
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
2625 Phoenix Partners LLC
—
Deed
related
$150,000,000 · Bo Alterra Ios Lender LLC
Jun 11, 2025
$10,850,000
2625 Phoenix Partners LLC
Terri Mazal
Special Warranty Deed
—
Oct 28, 2022
—
Standard Insurance Company
Top Ten Partners LP
Assignment Of Lease (leasehold Sale)
$4,000,000 · Standard Insurance Co
Aug 14, 2020
$6,900,000
Top Ten Partners LP
Azcf Riverview LLC
Grant Deed
—
Feb 3, 2020
—
Azcf Riverview LLC
Trust Investors LLC
Grant Deed
$6,705,000 · Midfirst Bk
Sep 29, 2017
—
Trust Investors LLC
Reese Trudy S 2011 Trust
Quit Claim Deed
related
$3,000,000 · Midfirst Bk
Dec 13, 2016
—
Azcf Riverview LLC
Azcf1 LLC
Quit Claim Deed
related
—
Sep 21, 2016
$1,200,000
Azcf1 LLC
Fnbn Reliance IV LLC
Grant Deed
—
Mar 2, 2010
—
Fnbn Reliance IV LLC
Reliance Companies Vi LLC
Deed In Lieu Of Foreclosure
related
—
Dec 23, 2008
—
Reliance Companies Vi LLC
Owner Name Unavailable
Grant Deed
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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