Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Office buildings
319 Mcdowell Rd Phoenix, AZ 85004-1539
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2674958
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
CONCRETE
Total area
5,964 SF
Lot
0.22 ac (9,460 SF)
Zoning code
DTC-MCD-2
APN
111-37-047
UPID
US07-2674958
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
-
Law Office of Osbaldo Barragan Law Firm
-
Taco Hub Food And Beverage Consultant
-
National Curriculum & Training Training Center
-
Camarena Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.70M
Owner & transaction history
Cornelius C Camarena · 3 yrs held
Cornelius C Camarena
since 2022
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
DTC-MCD-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+39.8%
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
$1,680,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,815,000
6.5%
$1,675,000
7%
$1,555,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,805,000
Current use
AUTO REPAIR, GARAGE
$2,520,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$1,775,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$1,585,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,550,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,520,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.43M (Aug 29 2022)
Last sale anchor
$1.43M
Aug 29 2022
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
$284 / 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
$15,418
Tax year 2023
Assessed value
$189,338
Assessed 2024
Previous assessed
$189,338
+0.0% YoY
Effective rate
8.14%
On assessed value
Land market value
$418,200
Improvement market value
$729,300
Total market value
$1,147,500
Applied tax rate
11,300.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
5,964 SF
Lot
0.22 ac (9,460 SF)
Zoning code
DTC-MCD-2
APN
111-37-047
UPID
US07-2674958
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-MCD-2 · Phoenix, AZ
Zoning DTC-MCD-2 · permitted uses
DTC-MCD-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
OFFICE BUILDING Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1989
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Cornelius C Camarena
Individual
Mailing address
2450 S 4TH AVE, YUMA, AZ 85364-8573
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
—
Cornelius C Camarena
—
Deed
related
$300,000 · The Foothills Bank
Aug 29, 2022
$1,425,000
Cornelius C Camarena
Bombastic Properties LLC
Special Warranty Deed
$245,000 · The Foothills Bank
Nov 22, 2004
$300,000
Bombastic Properties LLC
Bushkin Lawrence Trust
Grant Deed
$210,000 · Wells Fargo Bank
Jan 11, 1995
—
Lawrence Bushkin
Bushkin
Quit Claim Deed
related
—
Aug 23, 1988
—
Lawrence Bushkin
—
Deed Of Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 319 Mcdowell Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
