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Property profile & analytics
OFF-MARKET
Commercial real estate
2990 Northern Ave Phoenix, AZ 85028-4835
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US07-3271865
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.13 ac (5,750 SF)
Zoning code
C-O
APN
165-13-368H
UPID
US07-3271865
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
-
Southwest Financial Group Inc Insurance Agency
-
Landsource Holdings Holding Company
-
Axis Employment Services Employment Agency
-
4th and 25 Fund Charitable Organization
-
Quality Financial Group, LLC Financial Advisor
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
Squaw Peak Office Park LLC · 18 yrs held
Squaw Peak Office Park LLC
since 2007
7 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zone name
Restricted Commercial Office
General category
COMMERCIAL
Zone area
947.73 ac
Source
Realmo
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
$782
Tax year 2023
Assessed value
$8,927
Assessed 2024
Previous assessed
$8,755
+2.0% YoY
Effective rate
8.76%
On assessed value
Land market value
$54,100
Total market value
$54,100
Applied tax rate
691,300.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.13 ac (5,750 SF)
Zoning code
C-O
APN
165-13-368H
UPID
US07-3271865
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZZoning C-O · permitted uses
C-O · 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 C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zone name
Restricted Commercial Office
General category
COMMERCIAL
Zone area
947.73 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Squaw Peak Office Park LLC
Entity
Mailing address
2990 E NORTHERN AVE, PHOENIX, AZ 85028-4835
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Feb 21, 2019
—
Squaw Peak Office Park LLC
—
Loan Modification
related
$1,050,000 · Wells Fargo Bk
Dec 17, 2007
—
Squaw Peak Office Park LLC
Gnj Properties LLC
Special Warranty Deed
$1,325,000 · Wells Fargo Bank NA
Mar 30, 2007
$2,400,000
Gnj Properties LLC
Bianchina,richard G & Christine M
Grant Deed
—
Oct 21, 1999
$1,450,000
Ifr Northern Realty Group LLC
Ifr Realty Group LLC
Grant Deed
related
$1,050,000 · American Sterling Bank
Nov 15, 1996
$675,000
Stanford INC
2990 Northern Venture L P
Trustees Deed
—
Nov 15, 1996
$225,000
Stanford INC
Millrich Corp
Trustees Deed
—
Oct 31, 1996
—
Millrich Corp
2990 Northern Venture L P
Trustees Deed
related
—
Mar 23, 1992
—
Prosper Corp
Crown Life Insur
Grant Deed
related
—
Feb 1, 1988
$546,000
Crown Life Insur
—
Deed Of Trust
related
—
—
—
Northern Venture L P 2990
—
Deed Of Trust
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.
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