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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Office buildings
2910 Central Ave Phoenix, AZ 85012-2704
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0700143
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
CONCRETE
Total area
4,551 SF
Lot
1.51 ac (65,956 SF)
Zoning code
WU
APN
118-36-099A
UPID
US07-0700143
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
-
Arizona Democratic Party State Government Office Political Party Office
-
Arizona Federation of Democratic Women Charitable Organization Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.35M
Owner & transaction history
Dignity Health · 1 yrs held
Dignity Health
since 2025
7 recorded transactions
Zoning & alternative use
WU · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone WU are to implement the vision and policies of the Transit Oriented Policy Plans, to encourage an appropriate mixture and density of activity, to increase transit ridership in general and along transit corridors and to promote multiple modes of transportation
Zone name
Walkable Urban
General category
UNKNOWN
Zone area
358.43 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.9M
+162.1%
Retail stores
$1.4M
+84.9%
Medical building
$1.2M
+64.7%
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
AUTO REPAIR, GARAGE
$1,925,000
Change: +162% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: +85% · Conversion: Moderate
MEDICAL BUILDING
$1,210,000
Change: +65% · Conversion: Easy
WAREHOUSE, STORAGE
$1,180,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,160,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$296 / 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
$43,104
Tax year 2023
Assessed value
$643,065
Assessed 2024
Previous assessed
$745,688
-13.8% YoY
Effective rate
6.70%
On assessed value
Land market value
$4,287,100
Total market value
$4,287,100
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
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
4,551 SF
Lot
1.51 ac (65,956 SF)
Zoning code
WU
APN
118-36-099A
UPID
US07-0700143
Jurisdiction
MARICOPA
Zoning & alternative use
WU · Phoenix, AZZoning WU · permitted uses
WU · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zone WU are to implement the vision and policies of the Transit Oriented Policy Plans, to encourage an appropriate mixture and density of activity, to increase transit ridership in general and along transit corridors and to promote multiple modes of transportation
Zone name
Walkable Urban
General category
UNKNOWN
Zone area
358.43 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
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
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.51 ac
Current owner
From public records · entity-resolved
Dignity Health
Individual
Mailing address
2415 E CAMELBACK RD STE #1070, PHOENIX, AZ 85016-9283
Ownership since
2025
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
Jun 27, 2025
$7,650,000
Dignity Health
J &r Holdings Vi LLC
Special Warranty Deed
—
Dec 14, 2021
—
J & R Holdings Vi LLC
—
Deed
related
$3,000,000 · Midfirst Bank
Nov 10, 2005
—
City Of Phoenix
J & R Holdings Vi LLC
Warranty Deed
—
Nov 15, 2002
$1,425,000
J & R Holdings Vi LLC
Mm & P Development LLC
Grant Deed
related
$1,068,750 · Us Bank NA
May 24, 2002
$1,036,000
Mm & P Development LLC
Lron LLC
Grant Deed
$1,200,000 · Mortgages Ltd
Aug 31, 2000
$2,523,480
Lron LLC
Central Corridor & Thomas Inve
Grant Deed
—
—
—
J & R Holdings Vi LLC
—
Deed Of Trust
related
$350,000 · Alliance Bank Of Arizona
—
—
J & R Holdings Vi LLC
—
Deed Of Trust
related
$1,150,000 · Alliance Bank Of 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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