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Property profile & analytics
OFF-MARKET
Estimated value
$6,815,000
Flex space
3001 35th St Phoenix, AZ 85034-7232
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3470017
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
CONCRETE
Total area
24,972 SF
Lot
1.63 ac (70,785 SF)
Zoning code
A-2
APN
122-03-028
UPID
US07-3470017
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
-
B& D Industries Electrical Service General Contractor
-
MachineWise Production Facility
-
Pine Environmental Environment Office
-
Staffing Benefits Group Employment Agency
-
Gordon Darby Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.66M
Blend (final)
Blend
$6.82M
Owner & transaction history
G W Williams Co · 19 yrs held
G W Williams Co
since 2007
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.6M
+133.2%
Retail stores
$7.4M
+64.5%
Medical building
$6.6M
+46.5%
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
INDUSTRIAL (GENERAL)
$4,525,000
Current use
AUTO REPAIR, GARAGE
$10,550,000
Change: +133% · Conversion: Easy
RETAIL STORES
$7,440,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$6,630,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,355,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$6.82M
Range $6.13M – $7.50M · ±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
$273 / 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
$54,052
Tax year 2023
Assessed value
$1,155,545
Assessed 2024
Previous assessed
$890,222
+29.8% YoY
Effective rate
4.68%
On assessed value
Land market value
$546,000
Improvement market value
$6,457,300
Total market value
$7,003,300
Applied tax rate
661,300.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
24,972 SF
Lot
1.63 ac (70,785 SF)
Zoning code
A-2
APN
122-03-028
UPID
US07-3470017
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning A-2 · permitted uses
A-2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$10.6M
RETAIL STORES
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1987
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
1.63 ac
Current owner
From public records · entity-resolved
G W Williams Co
Entity
Mailing address
3190 CLEARVIEW WAY STE #200, SAN MATEO, CA 94402-3751
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
G W Williams Co
—
Deed
related
$47,500,000 · Boston Private Bank & Trust Company
May 1, 2007
$13,550,000
G W Williams Co
Crown-phoenix IV LLC
Grant Deed
—
Dec 18, 2003
$8,075,000
Crown-phoenix IV LLC
Cook Inlet Region Of Arizona
Grant Deed
$6,200,000 · Compass Bank
Jul 20, 1992
—
Cook Inlet Region Of Arizona
Cook Inlet Regoi
Quit Claim Deed
related
—
Nov 26, 1991
—
Inlet Regio Cook
Rtc
Grant Deed
related
—
Dec 28, 1990
—
Inlet Regio Cook
Merabank
Grant Deed
related
—
Dec 1, 1988
—
Merabank
Unknown
Grant 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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