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Property profile & analytics
OFF-MARKET
Estimated value
$55,770,000
Office buildings
2800 44th St Phoenix, AZ 85008-1500
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-2505971
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
163,956 SF
Lot
4.74 ac (206,444 SF)
Zoning code
P-2
APN
126-02-104
UPID
US07-2505971
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
-
ATG USA (Applied Technology Group) Consultant
-
Communicom Broadcasting Radio Station Telecommunications Service
-
PHX CMO FAA Department Of Transportation Professional Services
-
Greeley & Hansen Civil Engineer
-
Johnson Staffing Inc Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$56.53M
Blend (final)
Blend
$55.77M
Owner & transaction history
Tower 44 LLC · 3 yrs held
Tower 44 LLC
since 2023
2 recorded transactions
Zoning & alternative use
P-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$87.6M
+77.4%
Auto repair, garage
$69.3M
+40.3%
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
OFFICE BUILDING
$49,370,000
Current use
RESTAURANT
$87,555,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$69,280,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$43,520,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$42,555,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$41,730,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$55.77M
Range $50.19M – $61.35M · ±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
$340 / 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
$280,994
Tax year 2023
Assessed value
$5,172,255
Assessed 2024
Previous assessed
$7,027,409
-26.4% YoY
Effective rate
5.43%
On assessed value
Land market value
$4,212,900
Improvement market value
$27,134,100
Total market value
$31,347,000
Applied tax rate
311,300.0000
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
1986
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
11
Units
2
Total area
163,956 SF
Lot
4.74 ac (206,444 SF)
Zoning code
P-2
APN
126-02-104
UPID
US07-2505971
Jurisdiction
MARICOPA
Zoning & alternative use
P-2 · Phoenix, AZ
Zoning P-2 · permitted uses
P-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
OFFICE BUILDING Current
Est. value
$49.4M
RESTAURANT
Est. value
$87.6M
AUTO REPAIR, GARAGE
Est. value
$69.3M
MEDICAL BUILDING
Est. value
$43.5M
WAREHOUSE, STORAGE
Est. value
$42.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1986
Construction
STEEL FRAME
Heating
NONE
Stories
11
Buildings
2
Units
2
Lot
4.74 ac
Current owner
From public records · entity-resolved
Tower 44 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
11601 WILSHIRE BLVD STE #1750, LOS ANGELES, CA 90025-1754
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2023
—
Tower 44 LLC
Talley Plaza LLC
Special Warranty Deed
—
Apr 11, 2012
—
Talley Plaza LLC
—
Grant Deed
related
$13,090,000 · Bank Of The West
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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