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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Individual retail properties
2629 Rose Gdn Ln Phoenix, AZ 85050-4605
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0388209
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2004
Construction
CONCRETE
Total area
16,851 SF
Lot
2.65 ac (115,274 SF)
Zoning code
CP/GCP
APN
213-11-013A
UPID
US07-0388209
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
-
EXOS Gym & Fitness Center
-
Hassler Jeremy L Gym & Fitness Center
-
COLBI VICTORIA MCAFEE Physician
-
Michelle Kazmier Physician
-
Dr. Keegan Ross Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.58M
Blend (final)
Blend
$900k
Owner & transaction history
Raptor Fndg Grp LLC · 11 yrs held
Raptor Fndg Grp LLC
since 2014
6 recorded transactions
Zoning & alternative use
CP/GCP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The most flexible option provides for a broad range of manufacturing, warehousing, distribution and supportive retail sales and services
Zone name
General Commerce Park
General category
INDUSTRIAL
Zone area
2,738.84 ac
Source
Realmo
Top alternative use upside
Restaurant
$9.0M
+96.0%
Auto repair, garage
$7.1M
+55.1%
Office building
$5.1M
+10.2%
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
GYM, HEALTH SPA
$4,590,000
Current use
RESTAURANT
$9,000,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,120,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$5,055,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$5,020,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$4,475,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,375,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$53 / 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
$81,321
Tax year 2023
Assessed value
$860,591
Assessed 2024
Previous assessed
$761,736
+13.0% YoY
Effective rate
9.45%
On assessed value
Land market value
$911,300
Improvement market value
$4,304,400
Total market value
$5,215,700
Applied tax rate
691,300.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
16,851 SF
Lot
2.65 ac (115,274 SF)
Zoning code
CP/GCP
APN
213-11-013A
UPID
US07-0388209
Jurisdiction
MARICOPA
Zoning & alternative use
CP/GCP · Phoenix, AZZoning CP/GCP · permitted uses
CP/GCP · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The most flexible option provides for a broad range of manufacturing, warehousing, distribution and supportive retail sales and services
Zone name
General Commerce Park
General category
INDUSTRIAL
Zone area
2,738.84 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$4.6M
RESTAURANT
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$7.1M
OFFICE BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$4.4M
GYM, HEALTH SPA Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.65 ac
Current owner
From public records · entity-resolved
Raptor Fndg Grp LLC
Entity
Mailing address
15936 N 78TH ST, SCOTTSDALE, AZ 85260-1768
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
—
Primrose Land Development Company L
—
Deed
related
$2,300,000 · Desert Financial Cu
Sep 29, 2014
$1,850,000
Raptor Fndg Grp LLC
Lohr John L JR
Trustees Deed
—
—
—
Primrose Land Dev Co LLC
—
Deed Of Trust
related
$3,000,000 · Wells Fargo Bank
—
—
Primrose Land Dev Co LLC
—
Deed Of Trust
related
$221,663 · First National Bank Arizona
—
—
Primrose Land Dev Co LLC
—
Deed Of Trust
related
$523,403 · First National Bank Arizona
—
—
Primrose Land Dev Co LLC
—
Deed Of Trust
related
$500,000 · Athletes' Performance Arizona
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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