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Property profile & analytics
FOR SALE
Banks
3131 E Lincoln Dr, Phoenix, AZ 85016
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1082620
For Sale
1 / 2
$2,745,000
3131 E Lincoln Dr, Phoenix, AZ 85016
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Construction
CONCRETE
Total area
2,511 SF
Lot
0.5 ac (21,736 SF)
Zoning code
C-R
APN
164-69-935
UPID
US07-1082620
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
-
Chase Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.75M
Owner & transaction history
Starbucks Corporation · 1 yrs held
Starbucks Corporation
since 2025
7 recorded transactions
Zoning & alternative use
C-R · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+30.9%
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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,750,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±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
$1,093 / 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
$35,796
Tax year 2023
Assessed value
$465,348
Assessed 2024
Previous assessed
$465,348
+0.0% YoY
Effective rate
7.69%
On assessed value
Land market value
$1,868,100
Improvement market value
$952,192
Total market value
$2,820,292
Applied tax rate
381,300.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,511 SF
Lot
0.5 ac (21,736 SF)
Zoning code
C-R
APN
164-69-935
UPID
US07-1082620
Jurisdiction
MARICOPA
Zoning & alternative use
C-R · Phoenix, AZ
Zoning C-R · permitted uses
C-R · 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
COMMERCIAL (GENERAL)
Est. value
$1.8M
COMMERCIAL (GENERAL)
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Starbucks Corporation
Entity
Mailing address
7339 E MCDONALD DR, SCOTTSDALE, AZ 85250-6015
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
—
Starbucks Corporation
32nd & Lincoln Holdings LLC
Deed
—
Feb 29, 2024
$3,500,000
32nd & Lincoln Holdings LLC
Jpmorgan Chase Bank NA
Special Warranty Deed
$2,800,000 · Salamone Trust
Jun 1, 2015
—
Cyrus Mohit
Cmbs Loan Modification Specialists
Re-recorded Document
related
—
May 29, 2015
$4,875,000
Cmbs Loan Modification Specialists
I S Lincoln View LLC
Cash Sale Deed
—
May 29, 2015
$5,300,000
The Cyrus Mohit Living Trust
Cmbs Loan Modification Specialists
Cash Sale Deed
—
May 31, 2012
$4,000,000
Is Lincoln View LLC
Apple Parcel Two LLC
Grant Deed
—
May 31, 2006
—
Apple Parcel Two LLC
Lincoln View Plaza LLC
Grant Deed
—
Mar 30, 2004
$9,850,000
Lincoln View Plaza LLC
Evergreen Valley Plaza LLC
Grant Deed
—
Jul 1, 1999
$7,400,000
Evergreen Valley Plaza LLC
Watavision LLC
Grant Deed
—
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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