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Property profile & analytics
OFF-MARKET
Estimated value
$55,285,000
Specialty properties
338 15th Ave, Phoenix, AZ 85007-2402
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US07-0915418
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2009
Construction
CONCRETE
Total area
16,820 SF
Lot
2.93 ac (127,830 SF)
Zoning code
C-2
APN
111-26-142D
UPID
US07-0915418
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
-
Phoenix Rescue Mission | Changing Lives Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$58.58M
Blend (final)
Blend
$55.29M
Owner & transaction history
Phoenix Rescue Mission · 21 yrs held
Phoenix Rescue Mission
since 2005
7 recorded transactions
Zoning & alternative use
C-2 · 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
$55.29M
Range $49.76M – $60.81M · ±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
$3,287 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$143,105
Tax year 2022
Assessed value
$1,921,170
Assessed 2024
Previous assessed
$1,558,995
+23.2% YoY
Effective rate
7.45%
On assessed value
Land market value
$2,249,800
Improvement market value
$10,558,000
Total market value
$12,807,800
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
10
Stories
2
Units
9
Rooms
8
Bathrooms
2
Total area
16,820 SF
Lot
2.93 ac (127,830 SF)
Zoning code
C-2
APN
111-26-142D
UPID
US07-0915418
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-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.
Building & site characteristics
From public records
Year built
2009
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
10
Units
9
Rooms
8
Bathrooms
2
Lot
2.93 ac
Current owner
From public records · entity-resolved
Phoenix Rescue Mission
Individual
Mailing address
1801 S 35TH AVE, PHOENIX, AZ 85009-6706
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2017
—
Phoenix Gospel Mission INC
—
Deed
related
$3,500,000 · Wells Fargo Bank NA
Jul 7, 2010
—
Phoenix Gospel Mission INC
—
Trustees Deed
related
$961,000 · Mutual Of Omaha Bank
Feb 23, 2005
—
Phoenix Rescue Mission
Solheim Foundation Trust
Quit Claim Deed
related
—
Jun 21, 1995
—
Karsten Solheim
Karsten Solheim
Quit Claim Deed
related
—
Nov 28, 1994
$135,000
Solheim,karsten & Nellie L
Karsten Manufacturing
Trustees Deed
related
—
Nov 28, 1994
$15,000
Karsten Country Club INC
Karsten Manufacturing
Trustees Deed
related
—
Jun 11, 1992
$150,000
Karsten Manufacturing Corprinenc
Von Ehrenkrook
Grant Deed
—
Feb 1, 1991
$315,000
Karsten Solheim
Coles
Grant Deed
—
Apr 26, 1988
$425,000
Doroth Van Buren
—
Deed Of Trust
related
—
—
—
Rawleigh H Grove
—
Deed Of Trust
related
—
—
—
Phoenix Gospel Mission INC
—
Deed Of Trust
related
$509,000 · Mutual Of Omaha Bank
—
—
Phoenix Rescue Mission
—
Deed Of Trust
related
$800,000 · Mutual Of Omaha Bank
—
—
Phoenix Gospel Mission INC
—
Deed Of Trust
related
$653,694 · Phx Sb Cap
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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