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Property profile & analytics
OFF-MARKET
Day care centers
2815 Northern Ave, Phoenix, AZ 85051-6646
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0808026
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1960
Construction
CONCRETE
Total area
1,845 SF
Lot
0.26 ac (11,250 SF)
Zoning code
R-5
APN
151-01-007D
UPID
US07-0808026
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Second Chance Equity Partners LLC · 4 yrs held
Second Chance Equity Partners LLC
since 2021
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$700
Tax year 2023
Assessed value
$32,145
Assessed 2024
Previous assessed
$26,490
+21.3% YoY
Effective rate
2.18%
On assessed value
Land market value
$96,600
Improvement market value
$117,700
Total market value
$214,300
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,845 SF
Lot
0.26 ac (11,250 SF)
Zoning code
R-5
APN
151-01-007D
UPID
US07-0808026
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
1960
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Second Chance Equity Partners LLC
Entity
Mailing address
2532 W PEORIA AVE, PHOENIX, AZ 85029-4709
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 2, 2021
$825,000
Second Chance Equity Partners LLC
Shuki Xxix LLC
Special Warranty Deed
—
Oct 20, 2020
$510,000
Shuki Xxix LLC
18197 LLC
Grant Deed
—
Mar 6, 2019
$400,000
18197 LLC
24 Broadway LLC
Grant Deed
$300,000 · 24 Broadway LLC
Feb 23, 2018
$1,154,250
24 Broadway LLC
Bahjat H Ibrahim
Grant Deed
$923,400 · Ibrahim LLC
Apr 3, 2015
$160,000
Ibrahim Bahjat
Accel
Grant Deed
—
May 15, 1998
—
Latch School INC
Whitaker,richard W
Grant Deed
$139,000 · Valley Commerce Bank
—
—
Accel
—
Deed Of Trust
related
$1,896,000 · Compass Bank
—
—
Accel
—
Deed Of Trust
related
$2,336,250 · Industrial Dev Authority/city/
—
—
Latch School INC
—
Deed Of Trust
related
$150,000 · Bank Of America
—
—
Latch School INC
—
Deed Of Trust
related
$300,000 · Wells Fargo Bank
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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