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Property profile & analytics
OFF-MARKET
Estimated value
$21,175,000
Parking lots & garages
333 Mckinley St, Phoenix, AZ 85004-1036
Entity Owned
9-yr Hold
Property ID
US07-0123020
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2015
Construction
CONCRETE
Total area
34,593 SF
Lot
0.64 ac (28,000 SF)
Zoning code
DTC-W-EV
APN
111-44-036A
UPID
US07-0123020
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
-
Proxy 333 Apartment Homes Apartment Building Apartment Complex
-
DSMP Social Media Marketing Marketing & Advertising
-
Dr. Brody M. Callen, DDS Physician
-
Shay Pure Aloha Inc Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.57M
Blend (final)
Blend
$21.18M
Owner & transaction history
Proxy 333 Apartments LLC · 9 yrs held
Proxy 333 Apartments LLC
since 2016
7 recorded transactions
Zoning & alternative use
DTC-W-EV · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$26.1M
+122.5%
Restaurant
$18.5M
+57.4%
Auto repair, garage
$14.6M
+24.6%
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
COMMERCIAL (GENERAL)
$26,105,000
Change: +122% · Conversion: Difficult
RESTAURANT
$18,475,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,615,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$21.18M
Range $19.06M – $23.29M · ±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
$612 / 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
$225,109
Tax year 2023
Assessed value
$3,397,310
Assessed 2024
Previous assessed
$2,583,100
+31.5% YoY
Effective rate
6.63%
On assessed value
Land market value
$6,794,600
Improvement market value
$27,178,500
Total market value
$33,973,100
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2015
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Units
118
Total area
34,593 SF
Lot
0.64 ac (28,000 SF)
Zoning code
DTC-W-EV
APN
111-44-036A
UPID
US07-0123020
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-W-EV · Phoenix, AZ
Zoning DTC-W-EV · permitted uses
DTC-W-EV · 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
$26.1M
RESTAURANT
Est. value
$18.5M
AUTO REPAIR, GARAGE
Est. value
$14.6M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2015
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
118
Lot
0.64 ac
Current owner
From public records · entity-resolved
Proxy 333 Apartments LLC
Entity
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2017
—
Proxy 333 Apartments LLC
—
Deed
related
$13,409,000 · Keybank USA
Sep 28, 2016
$21,800,000
Proxy 333 Apartments LLC
Gre Fourth & Mckinley LLC
Grant Deed
$15,000,000 · Keybank USA
Mar 14, 2014
$1,835,000
Gre Fourth & Mckinley LLC
Gutkin,jerome S & Anita F
Warranty Deed
—
Jun 7, 2011
$448,000
Jerome S Gutkin
4th Street Lofts LLC
Warranty Deed
—
Jul 1, 2004
$850,000
4th Street Lofts LLC
Rw Mortensen INC
Warranty Deed
—
Jul 1, 2004
—
Rw Mortensen INC
Vista Laboratories INC
Warranty Deed
related
—
—
—
Gre Fourth & Mckinley LLC
—
Deed Of Trust
related
$1,009,250 · M&t Bk
—
—
Gre Fourth & Mckinley LLC
—
Deed Of Trust
related
$16,210,000 · M&t Bk
—
—
Proxy 333 Apartments LLC
—
Deed Of Trust
related
$13,409,000 · Keybank USA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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