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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Warehouses
3128 29th Ave Phoenix, AZ 85017-4901
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-3101577
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
CONCRETE
Total area
10,000 SF
Lot
0.46 ac (20,000 SF)
Zoning code
I-1
APN
108-05-015
UPID
US07-3101577
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
-
ds michael furniture Production Facility Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$910k
Owner & transaction history
3128 29th Ave LLC · 4 yrs held
3128 29th Ave LLC
since 2022
7 recorded transactions
Zoning & alternative use
I-1 · Phoenix, AZ
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
WAREHOUSE, STORAGE
$1,440,000
Current use
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$91 / 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
$9,468
Tax year 2023
Assessed value
$131,109
Assessed 2024
Previous assessed
$96,832
+35.4% YoY
Effective rate
7.22%
On assessed value
Land market value
$161,700
Improvement market value
$632,900
Total market value
$794,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
10,000 SF
Lot
0.46 ac (20,000 SF)
Zoning code
I-1
APN
108-05-015
UPID
US07-3101577
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Phoenix, AZZoning I-1 · permitted uses
I-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
WAREHOUSE, STORAGE Current
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
1960
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
3128 29th Ave LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3128 N 29TH AVE, PHOENIX, AZ 85017-4901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
—
3128 29th Ave LLC
David M Sons
Special Warranty Deed
—
Oct 24, 2014
$450,000
David M Sons
Hs Holdings LLC
Grant Deed
$414,300 · Bank Of The West
Dec 21, 2012
$272,500
Hs Holdings LLC
Pine & Palm Streets LLC
Grant Deed
—
Sep 26, 2012
$438,373
Pine & Palm Street LLC
Sheriff Of Maricopa County
Trustees Deed
related
—
Mar 16, 2012
$438,373
Pine & Palm Street LLC
Sheriff Of Maricopa County
Trustees Deed
related
—
Jul 27, 2007
$725,000
Cottonwood Land Group Xi LLC
Gavin,roger
Warranty Deed
$722,500 · Nextier Bank NA
Jul 27, 2006
$284,541
Roger Gavin
Rohrbough LLC
Grant Deed
—
Dec 23, 2002
$325,000
Rohrbough LLC
Gavin,roger J
Grant Deed
$292,500 · Sunrise Bank Arizona
Nov 21, 2001
$317,260
Roger J Gavin
Nshe Campbell LLC
Quit Claim Deed
related
—
Aug 10, 2001
$317,500
Nshe Campbell LLC
R C P Precision Machine INC
Grant Deed
$317,263 · Roger J
Jun 30, 1993
$230,000
R C P Precision Machine INC
Ayres
Grant Deed
$207,000 · The Money Store Investment
Dec 11, 1990
$200,000
Ayres Richard
Maryland Inv
Grant Deed
$180,000 · Seller
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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