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Property profile & analytics
OFF-MARKET
Estimated value
$24,615,000
Parking lots & garages
3200 Central Ave 2A Phoenix, AZ 85012-2425
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-0381216
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1985
Construction
CONCRETE
Total area
267,780 SF
Lot
0.74 ac (32,250 SF)
Zoning code
C-C
APN
118-37-024
UPID
US07-0381216
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
-
Schwartz Howard Law Firm
-
Carson Charles T Law Firm Insurance Agency
-
Sorensen Alfred R Law Firm
-
Prudential | Troy Danoff | Life Insurance & Financial Services Financial Advisor
-
Kenneth Collier - Prudential Financial Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.25M
Blend (final)
Blend
$24.62M
Owner & transaction history
Roc III Dpc 3200 N Central LLC · 9 yrs held
Roc III Dpc 3200 N Central LLC
since 2016
Last sale
$24.5M
7 recorded transactions
Zoning & alternative use
C-C · 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
$24.62M
Range $22.15M – $27.08M · ±10% · vs last sale $24.47M (Feb 28 2024)
Last sale anchor
$24.47M
Feb 28 2024
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
$92 / 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
$24,546
Tax year 2023
Assessed value
$458,491
Assessed 2024
Previous assessed
$401,965
+14.1% YoY
Effective rate
5.35%
On assessed value
Land market value
$2,096,200
Improvement market value
$682,531
Total market value
$2,778,731
Applied tax rate
81,300.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Stories
5
Total area
267,780 SF
Lot
0.74 ac (32,250 SF)
Zoning code
C-C
APN
118-37-024
UPID
US07-0381216
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZ
Zoning C-C · permitted uses
C-C · 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
1985
Construction
CONCRETE
Heating
NONE
Stories
5
Lot
0.74 ac
Current owner
From public records · entity-resolved
Roc III Dpc 3200 N Central LLC
Entity
Mailing address
7000 E BELLEVIEW AVE STE #300, GREENWOOD VILLAGE, CO 80111-1664
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2016
$49,000,000
Roc III Dpc 3200 N Central LLC
320 North Central Venture LLC
Special Warranty Deed
$39,100,000 · Washington Federal
Nov 1, 2010
—
3200 North Central Venture LLC
—
Deed Of Trust
related
$25,256,669 · Svf Funding Corp
Jun 8, 2007
$70,315,000
3200 North Central Venture LLC
Us Office Holdings
Grant Deed
$57,145,000 · Anglo Irish Bank Corp Plc
Sep 8, 2000
$40,000,000
Us Office Holdings LP
Us Office Great American Tower
Grant Deed
related
—
Aug 19, 1999
$10,000,000
Us Office Great American Tower
Great American Tower LLC
Grant Deed
related
$40,434,350 · Landesbank Hessen-thuringer Gi
Jun 30, 1997
$31,500,000
Great American Tower L L C
Bingham Partners L P
Trustees Deed
—
Jun 30, 1997
$39,000,000
Bingham Partners L P
Southwest Partnership
Trustees Deed
$95,000,000 · General Electric Capital Corp
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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