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Property profile & analytics
OFF-MARKET
Estimated value
$16,045,000
Specialty properties
2641 Butler Dr, Phoenix, AZ 85051-4146
Entity Owned
6-yr Hold
Property ID
US07-0022667
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1972
Construction
STEEL FRAME
Total area
840 SF
Lot
2.62 ac (114,127 SF)
Zoning code
R-5
APN
158-04-008A
UPID
US07-0022667
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
-
Eclipse Apartments Apartment Complex
-
Paint N Drywall LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.94M
Blend (final)
Blend
$16.05M
Owner & transaction history
Eclipse Phoenix Apartments LLC · 6 yrs held
Eclipse Phoenix Apartments LLC
since 2019
7 recorded transactions
Zoning & alternative use
R-5 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.05M
Range $14.44M – $17.65M · ±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
$19,101 / 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
$27,194
Tax year 2023
Assessed value
$1,221,120
Assessed 2024
Previous assessed
$760,060
+60.7% YoY
Effective rate
2.23%
On assessed value
Land market value
$2,442,200
Improvement market value
$9,769,000
Total market value
$12,211,200
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
9
Stories
1
Units
76
Total area
840 SF
Lot
2.62 ac (114,127 SF)
Zoning code
R-5
APN
158-04-008A
UPID
US07-0022667
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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
1972
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
9
Units
76
Lot
2.62 ac
Current owner
From public records · entity-resolved
Eclipse Phoenix Apartments LLC
Entity
Mailing address
14385 CYPRESS PT, POWAY, CA 92064-6614
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2019
—
Eclipse Phoenix Apartments LLC
Donald J Dougher II
Special Warranty Deed
$3,957,000 · Sabal Capital II LLC
Jan 30, 2015
$2,912,500
Ucan LLC
Irving Development Company
Special Warranty Deed
$2,200,000 · Washington Federal
Apr 28, 2011
$1,800,000
Irving Dev
Blue Valley Apartments INC
Grant Deed
—
Aug 11, 2010
$1,400,000
Blue Valley Apartments INC
Federal Natl Mtg Assn Fnma
Grant Deed
—
May 8, 2008
—
Copper Eagle LLC
Stephen F Lins
Warranty Deed
$3,470,000 · Arbor Commercial Funding LLC
Feb 22, 2008
—
Stephen F Lins
S Lins 2 Family
Quit Claim Deed
related
—
Feb 11, 2008
$3,875,000
S Lins 2 Family
Ofoegbu,collins & Nnenna
Grant Deed
$610,810 · Collins & Nnenna Ofoegbu
Sep 13, 2005
$3,520,000
Collins Ofoegbu
Desert Sun Apartments LLC
Grant Deed
$2,581,600 · Sonoma National Bank
Sep 13, 2005
$2,770,000
Desert Sun Apartments LLC
Muntean,panta & Svetlana
Grant Deed
—
Sep 30, 2003
$2,770,000
Panta Muntean
La Costa Place LLC
Grant Deed
$2,056,000 · La Costa Place LLC
Dec 11, 1997
$1,850,000
La Costa,place L L C
Jonel & Ana Balos
Trustees Deed
$1,420,000 · Gmac Commercial Mortgage Corp
Mar 18, 1993
—
Core Builders INC
C&a Properties
Grant Deed
related
—
Apr 4, 1989
$1,788,867
Inland-mart Ltd
—
Trustees Deed
related
—
Apr 4, 1989
$2,069,876
Inland-mart Ltd
—
Trustees Deed
related
—
—
—
Panta Muntean
—
Deed Of Trust
related
$30,000 · Pennytree Financial LLC
—
—
Panta Muntean
—
Deed Of Trust
related
$250,000 · Pennytree Financial LLC
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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