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Property profile & analytics
FOR SALE
Parking lots & garages
333 E Roosevelt St, Phoenix, AZ 85004
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2276946
For Sale
1 / 18
Contact for pricing
333 E Roosevelt St, Phoenix, AZ 85004
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2013
Construction
CONCRETE
Total area
120,440 SF
Lot
1.97 ac (85,897 SF)
Zoning code
DTC-W-EV
APN
111-44-148
UPID
US07-2276946
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
-
Frankie Reiland aka Frankie The Mick Barber Shop
-
Chíc Artistry Studio Hair Salon Nail Salon
-
Rooted Alma Psychotherapist
-
Eye of Octopus Art & Photography Museum Art Gallery
-
Melt Ice Cream Shop Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$75.09M
Blend (final)
Blend
$73.72M
Owner & transaction history
Rp Property Owner LP · 3 yrs held
Rp Property Owner LP
since 2022
3 recorded transactions
Zoning & alternative use
DTC-W-EV · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$90.9M
+122.5%
Restaurant
$64.3M
+57.4%
Auto repair, garage
$50.9M
+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)
$90,895,000
Change: +122% · Conversion: Difficult
RESTAURANT
$64,315,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$50,890,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$73.72M
Range $66.35M – $81.09M · ±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
Assessed value
$6,803,090
Assessed 2024
Previous assessed
$5,177,900
+31.4% YoY
Land market value
$17,844,500
Improvement market value
$50,186,400
Total market value
$68,030,900
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
For Sale
Year built
2013
Construction
CONCRETE
Heating
NONE
Buildings
4
Stories
4
Units
166
Total area
120,440 SF
Lot
1.97 ac (85,897 SF)
Zoning code
DTC-W-EV
APN
111-44-148
UPID
US07-2276946
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
$90.9M
RESTAURANT
Est. value
$64.3M
AUTO REPAIR, GARAGE
Est. value
$50.9M
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
2013
Construction
CONCRETE
Heating
NONE
Stories
4
Buildings
4
Units
166
Lot
1.97 ac
Current owner
From public records · entity-resolved
Rp Property Owner LP
Entity
Mailing address
45 ROCKEFELLER PLZ FL #20, NEW YORK, NY 10111-3193
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
—
Rp Property Owner LP
—
Deed
related
$69,650,000 · Santander Bank NA
Sep 28, 2022
$118,000,000
Rp Property Owner LP
Ropo Phoenix Az LLC
Special Warranty Deed
$69,650,000 · Santander Bank NA
May 22, 2019
—
Ropo Phoenix Az LLC
—
Grant Deed
related
$829,355,000 · Capital One NA
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?”
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