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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Bars & Pubs
2929 16th St Phoenix, AZ 85016-7650
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0653489
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1975
Construction
CONCRETE
Total area
4,700 SF
Lot
0.31 ac (13,658 SF)
Zoning code
C-C
APN
119-33-055
UPID
US07-0653489
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
-
Big Rig Radio Electronics & Wireless Store
-
QED Building Supply Electrical Service
-
Boling 2-Way Electronics & Wireless Store Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.13M
Owner & transaction history
Terry C Stack · 15 yrs held
Terry C Stack
since 2010
7 recorded transactions
Zoning & alternative use
C-C · 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
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$239 / 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
$5,178
Tax year 2023
Assessed value
$104,000
Assessed 2024
Previous assessed
$95,132
+9.3% YoY
Effective rate
4.98%
On assessed value
Land market value
$283,000
Improvement market value
$347,300
Total market value
$630,300
Applied tax rate
141,300.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
4,700 SF
Lot
0.31 ac (13,658 SF)
Zoning code
C-C
APN
119-33-055
UPID
US07-0653489
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZ
Zoning C-C · permitted uses
C-C · 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
1975
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Terry C Stack
Individual
Free & Clear · 15 yrs held
Mailing address
2817 E HIGHLAND AVE, PHOENIX, AZ 85016-4936
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Sep 13, 2010
$200,000
Terry C Stack
Bayview Ln Svcg
Grant Deed
—
Apr 2, 2009
$181,485
Bayview Loan Servicing LLC
Perry Christopher R
Trustees Deed
related
—
Jan 11, 2007
$1,070,000
Elias M Chapa
Hot Shots Billiards LLC
Warranty Deed
$749,000 · Interbay Funding LLC
Jan 11, 2007
—
Hot Shots Billiards LLC
Hot Shots Billiards INC
Quit Claim Deed
related
—
Dec 5, 1995
$190,000
Hot Shots Billiards INC
Kabar Enterprises
Grant Deed
$150,000 · Seller
Jun 6, 1994
—
Neal B Julien
Bratt Estate
Grant Deed
related
—
Jan 12, 1993
$67,317
Kabar Enterprises
Tong
Grant Deed
—
Sep 20, 1990
—
Tip Ning Tong
Tong
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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