New search
Property profile & analytics
OFF-MARKET
Estimated value
$108,680,000
Parking lots & garages
2700 Central Ave, Phoenix, AZ 85004-1133
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0094968
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1985
Construction
CONCRETE
Total area
177,560 SF
Lot
2.04 ac (88,826 SF)
Zoning code
C-2
APN
118-43-149B
UPID
US07-0094968
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
-
Daniel B Bernardone Law Firm Insurance Agency
-
Jeffrey O Hutchins Law Firm Insurance Agency
-
Lon H Johnson Law Firm Insurance Agency
-
J P Harrington Bisceglia Law Firm Insurance Agency
-
Simpson Monique A Law Firm Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$110.70M
Blend (final)
Blend
$108.68M
Owner & transaction history
2700 N Central Acquisition Company · 1 yrs held
2700 N Central Acquisition Company
since 2025
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$134.0M
+122.5%
Restaurant
$94.8M
+57.4%
Auto repair, garage
$75.0M
+24.6%
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
COMMERCIAL (GENERAL)
$134,005,000
Change: +122% · Conversion: Difficult
RESTAURANT
$94,820,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$75,030,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$108.68M
Range $97.81M – $119.55M · ±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
$612 / 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
$473,447
Tax year 2023
Assessed value
$6,952,181
Assessed 2024
Previous assessed
$9,870,557
-29.6% YoY
Effective rate
6.81%
On assessed value
Land market value
$5,773,600
Improvement market value
$36,360,833
Total market value
$42,134,433
Applied tax rate
81,300.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
5
Units
3
Total area
177,560 SF
Lot
2.04 ac (88,826 SF)
Zoning code
C-2
APN
118-43-149B
UPID
US07-0094968
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning 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
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$134.0M
RESTAURANT
Est. value
$94.8M
AUTO REPAIR, GARAGE
Est. value
$75.0M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1985
Construction
CONCRETE
Heating
NONE
Stories
5
Buildings
3
Units
3
Lot
2.04 ac
Current owner
From public records · entity-resolved
2700 N Central Acquisition Company
Entity
Mailing address
220 N 42ND ST FL #27, NEW YORK, NY 10017
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2025
—
2700 N Central Acquisition Company
G&i Ix 2700 N Central Ave LLC
Deed
related
—
Jun 27, 2018
—
G & I Ix 2700 N Central Ave LLC
—
Grant Deed
related
$20,675,000 · Acm Cre Fund I LP
May 9, 2018
—
G & I Ix 2700 N Central Ave LLC
2700 Group LLC
Quit Claim Deed
—
Nov 9, 2017
—
2700 Group LLC
—
Deed
related
$11,190,568 · Miscellaneous Ins Co
Aug 24, 2006
$45,000,000
Gaedeke Holdings Ltd
Gaedeke Holdings II Ltd
Grant Deed
related
—
Apr 21, 2006
—
City Of Phoenix
2700 Group LLC
Warranty Deed
—
Nov 16, 1999
—
2700 Group LLC
3030 Group LP
Trustees Deed
$19,300,000 · Bank One NA
Nov 16, 1999
$10,000,000
3030 Group LP
Value Enhancement Fund II LLC
Trustees Deed
—
Feb 20, 1997
$18,550,000
Enhancement Fund L C Value II
Lsl Holding Corp
Grant Deed
related
$150,000,000 · Pnc Bank
Aug 29, 1988
$38,100,000
Possfund/britel-
Opus
Grant Deed
related
—
—
—
2700 Group LLC
—
Deed Of Trust
related
$12,600,000 · Rga Reinsurance Co
—
—
Dean C Rank
—
Deed Of Trust
related
$131,961 · Hamilton Mortgage Co
—
—
2700 Group LLC
—
Loan Modification
related
$11,190,568 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2700 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
