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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Office buildings
2727 3rd St Phoenix, AZ 85004-1154
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2013082
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
11,560 SF
Lot
0.32 ac (13,999 SF)
Zoning code
R-5
APN
118-45-010A
UPID
US07-2013082
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
-
Bowden Investment Group Corporate Office Financial Advisor
-
Item 9 Labs Corporate Office
-
The Matian Firm Law Firm
-
The Citadel College
-
Fluid Solutions Environmental Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$3.04M
Owner & transaction history
Lld Phx LLC · 3 yrs held
Lld Phx LLC
since 2022
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+39.8%
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
$3,595,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,520,000
6.5%
$3,245,000
7%
$3,015,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,495,000
Current use
AUTO REPAIR, GARAGE
$4,885,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$3,445,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$3,070,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$3,000,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,940,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±10% · vs last sale $3.05M (Dec 30 2022)
Last sale anchor
$3.05M
Dec 30 2022
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
$263 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$22,363
Tax year 2022
Assessed value
$292,925
Assessed 2024
Previous assessed
$249,764
+17.3% YoY
Effective rate
7.63%
On assessed value
Land market value
$909,900
Improvement market value
$865,400
Total market value
$1,775,300
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
1985
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Total area
11,560 SF
Lot
0.32 ac (13,999 SF)
Zoning code
R-5
APN
118-45-010A
UPID
US07-2013082
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
OFFICE BUILDING Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1985
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Lld Phx LLC
Entity
Mailing address
3701 WILSHIRE BLVD STE #210, LOS ANGELES, CA 90010-2826
Ownership since
2022
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
Dec 30, 2022
$3,050,000
Lld Phx LLC
Vgi Citadel LLC
Special Warranty Deed
$1,525,000 · City National Bank
Dec 30, 2022
—
Lld Phx LLC
—
Deed
related
$1,249,000 · Cdc Small Business Finance Corp
Aug 23, 2019
—
Vgi Citadel LLC
—
Deed
related
$1,500,000 · Bankers Tr
Apr 11, 2018
$1,199,000
Vgi Citadel LLC
Jbf Ents LLC
Grant Deed
—
Apr 18, 2017
—
Jbf Ents LLC
—
Deed
related
$953,700 · Other Institutional Lenders
Jun 12, 2008
$1,100,000
Jbf Enterprises LLC
Jack C Warner
Special Warranty Deed
$1,160,000 · The Biltmore Bank Of Arizona
—
—
Jbf Ents LLC
—
Deed Of Trust
related
$50,000 · Private Individual
—
—
Jbf Ents LLC
—
Deed Of Trust
related
$50,000 · Private Individual
—
—
Vgi Citadel LLC
—
Deed Of Trust
related
$1,500,000 · Bankers Tr
—
—
Jbf Ents LLC
—
Deed Of Trust
related
$953,700 · Other Institutional Lenders
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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