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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Office buildings
2819 Grovers Ave 1, Phoenix, AZ 85053-1919
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-0372355
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
10,612 SF
Lot
1.19 ac (52,000 SF)
Zoning code
IND.PK.
APN
207-04-232
UPID
US07-0372355
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
-
AROK Inc. Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.74M
Owner & transaction history
Arok Holding Co · 11 yrs held
Arok Holding Co
since 2014
7 recorded transactions
Zoning & alternative use
IND.PK. · 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
$2,815,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$2,755,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,700,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
Tax billed
$16,395
Tax year 2023
Assessed value
$164,984
Assessed 2024
Previous assessed
$149,260
+10.5% YoY
Effective rate
9.94%
On assessed value
Land market value
$683,400
Improvement market value
$316,500
Total market value
$999,900
Applied tax rate
971,300.0000
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
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,612 SF
Lot
1.19 ac (52,000 SF)
Zoning code
IND.PK.
APN
207-04-232
UPID
US07-0372355
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Phoenix, AZ
Zoning IND.PK. · permitted uses
IND.PK. · 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
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
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
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Arok Holding Co
Entity
Mailing address
2819 W GROVERS AVE, PHOENIX, AZ 85053-1919
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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 5, 2022
—
Arok Holding Company
—
Deed
related
$3,000,000 · Bell Bank
Nov 10, 2014
—
Arok Holding Co
Jostco INC
Quit Claim Deed
related
—
Jul 9, 2008
—
Jostco INC
Arok INC
Quit Claim Deed
related
$500,000 · National Bank Of Arizona
Dec 16, 1999
$234,000
Arok INC
Arok Investors LP
Grant Deed
related
—
Jul 12, 1999
$234,000
Arok Investors LP
Sinkuler,ronald E
Grant Deed
—
Mar 19, 1996
$104,000
Ronald R Sinkuler
Robert L & June D Meade
Grant Deed
—
Jul 14, 1995
$75,000
Robert L Meade
Courtland Homes INC
Grant Deed
—
Aug 3, 1993
$1,010,750
Wingate Homes INC
Rtc
Trustees Deed
$1,350,000 · No New Mortgage
Aug 1, 1988
$20,062,000
Gateway Par Bell
Kobel
Grant Deed
—
Jul 1, 1988
$20,062,000
Edward Kobel
Sun S
Grant Deed
—
—
—
Arok INC
—
Deed Of Trust
related
$500,000 · National Bank Arizona
—
—
Arok INC
—
Deed Of Trust
related
$500,000 · National Bank Arizona
—
—
Arok Holding Co
—
Loan Modification
related
$2,000,000 · Arizona Busn Bk
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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