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Property profile & analytics
OFF-MARKET
Estimated value
$31,865,000
Industrial properties
3121 Weldon Ave Phoenix, AZ 85017-4502
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US07-0753968
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1968
Construction
CONCRETE
Total area
14,560 SF
Lot
0.6 ac (26,227 SF)
Zoning code
A-1
APN
108-01-143
UPID
US07-0753968
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
-
A1 Auction Trade Show Venue (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$31.87M
Blend (final)
Blend
$31.87M
Owner & transaction history
Doug Oen · 14 yrs held
Doug Oen
since 2012
7 recorded transactions
Zoning & alternative use
A-1 · 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
$31.87M
Range $28.68M – $35.05M · ±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
$2,189 / 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
$15,991
Tax year 2023
Assessed value
$233,624
Assessed 2024
Previous assessed
$189,329
+23.4% YoY
Effective rate
6.84%
On assessed value
Land market value
$186,900
Improvement market value
$1,229,000
Total market value
$1,415,900
Applied tax rate
681,300.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
SPACE
Cooling
YES
Stories
1
Total area
14,560 SF
Lot
0.6 ac (26,227 SF)
Zoning code
A-1
APN
108-01-143
UPID
US07-0753968
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZ
Zoning A-1 · permitted uses
A-1 · 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
1968
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Doug Oen
Individual
Mailing address
4001 N 7TH ST, PHOENIX, AZ 85014-4702
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2018
—
Douglas O Oen
—
Deed
related
$289,164 · Us Bk
Jan 13, 2012
—
Doug Oen
Duggins,lora
Quit Claim Deed
related
$215,000 · Colonial Capital LLC
Jan 13, 2012
$315,000
Doug Oen
California Bk & Trust
Grant Deed
—
May 5, 2010
$658,000
California Bk & Trust
Baron Carol M
Trustees Deed
related
—
Jun 9, 2005
$711,000
Triple Dc Properties LLC
Jag Properties III LLC
Grant Deed
$624,000 · California Bank & Trust
Jun 10, 1993
$6,600,000
Trinet Essential Facilities Vii
Kakaako Investme
Grant Deed
$50,000,000 · Seller Carry Back
Dec 21, 1990
—
T G Exchange INC
Weldon Ave Inves
Trustees Deed
related
—
Feb 16, 1989
—
Phoenix Investme
—
Trustees Deed
related
—
—
—
Douglas O Oen
—
Loan Modification
related
$289,164 · Us Bk
—
—
Jag Properties III LLC
—
Deed Of Trust
related
$520,000 · Western Nat'l Bk/duluth
—
—
Jag Properties III LLC
—
Deed Of Trust
related
$387,500 · Western Nat'l Bk/duluth
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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