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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Office buildings
2715 3rd St 6, Phoenix, AZ 85004-1106
Entity Owned
15-yr Hold
Free & Clear
Property ID
US07-1539979
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
CONCRETE
Total area
15,092 SF
Lot
0.01 ac (578 SF)
Zoning code
R-5
APN
118-45-139
UPID
US07-1539979
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
-
Lifewell - Windsor Medical Clinic
-
Maryanne Clark Pediatrician Physician
-
Dr. Theresa Costales Physician
-
Jillian Young Physician
-
Thomas K. Rawa Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.46M
Owner & transaction history
New Arizona Family INC · 15 yrs held
New Arizona Family INC
since 2010
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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,005,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$3,915,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,840,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$163 / 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
Assessed value
$22,020
Assessed 2024
Previous assessed
$17,040
+29.2% YoY
Land market value
$29,300
Improvement market value
$117,500
Total market value
$146,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
15,092 SF
Lot
0.01 ac (578 SF)
Zoning code
R-5
APN
118-45-139
UPID
US07-1539979
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.01 ac
Current owner
From public records · entity-resolved
New Arizona Family INC
Entity
Free & Clear · 15 yrs held
Mailing address
202 E EARLL DR STE #200, PHOENIX, AZ 85012-2647
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2017
—
Lifewell Behavioral Wellness
—
Grant Deed
related
$6,200,000 · Wells Fargo Bk
Aug 6, 2010
$750,000
New Arizona Family INC
Wells Fargo Bank National Associati
Special Warranty Deed
—
May 7, 2010
$621,000
Fargo Bk NA Wells
Jenkins William S JR
Trustees Deed
related
—
Jun 2, 2004
—
Joseph International INC
Lee,tr
Grant Deed
related
—
Jan 21, 2003
$1,395,000
Lee,tr
Windsor Group LLC
Quit Claim Deed
related
$960,000 · Wells Fargo Bank Arizona
Feb 14, 1997
$530,000
Windsor Group L L C
3rd Street Plaza L C
Grant Deed
$479,000 · Seller
Mar 27, 1995
$700,000
Street Plaza L C Third
Bodine
Grant Deed
$600,000 · Seller
—
—
Lee,tr
—
Deed Of Trust
related
$718,000 · Wells Fargo Bank 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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