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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Bars & Pubs
3045 16th St Phoenix, AZ 85016-7648
Entity Owned
~
Est. High Equity
Property ID
US07-0708427
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1962
Construction
CONCRETE
Total area
2,673 SF
Lot
0.25 ac (11,031 SF)
Zoning code
C-2
APN
119-33-083
UPID
US07-0708427
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
-
Rips Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$640k
Owner & transaction history
Rips Holding Company LLC
Rips Holding Company LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-2 · 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
$640k
Range $576k – $704k · ±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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,168
Tax year 2022
Assessed value
$63,780
Assessed 2024
Previous assessed
$63,665
+0.2% YoY
Effective rate
9.67%
On assessed value
Land market value
$254,000
Improvement market value
$132,548
Total market value
$386,548
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
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,673 SF
Lot
0.25 ac (11,031 SF)
Zoning code
C-2
APN
119-33-083
UPID
US07-0708427
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-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.
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Rips Holding Company LLC
Entity
Mailing address
3045 N PO BOX 18339TH ST, FOUNTAIN HILLS, AZ 85269-8339
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
—
Rips Holding Company LLC
Dct Holding Company LLC
Special Warranty Deed
—
Dec 30, 2024
—
Dct Holding Company LLC
Rips Holding Company LLC
Special Warranty Deed
—
Jul 12, 2024
$750,000
Rips Holding Company LLC
R R R Holdings LLC
Special Warranty Deed
$675,000 · Zb NA
Sep 22, 2009
—
Rrr Holdings LLC
Rips Holding Co LLC
Warranty Deed
—
Dec 22, 1997
$110,000
Rip's Holding Co L L C
John M Brewer
Grant Deed
related
—
Jun 17, 1994
$165,000
John M Brewer
Hunt
Grant Deed
related
$125,000 · Seller
Feb 7, 1994
—
Bruce C Tilley
Pacific Coast In
Grant Deed
related
—
Jan 18, 1994
—
Bruce C Tilley
Stuart
Grant Deed
related
—
Dec 6, 1993
$150,000
G & P Enterprises
Kellams
Grant Deed
related
—
Sep 29, 1988
$33,983
Coast In Pacific
—
Trustees Deed
related
—
Sep 1, 1988
$33,983
Coast In Pacific
Stuar
Trustees Deed
—
—
—
Rips Holding Co LLC
—
Deed Of Trust
related
$125,000 · Colonial Capital
—
—
Rips Holding Co LLC
—
Deed Of Trust
related
$130,000 · Colonial Capital LLC
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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