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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Bars & Pubs
3602 Central Ave Phoenix, AZ 85040-1012
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0521554
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1964
Construction
CONCRETE
Total area
8,427 SF
Lot
0.78 ac (34,104 SF)
Zoning code
C-3
APN
113-06-074A
UPID
US07-0521554
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
-
Bizzle's On Central Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Exalted Homecare LLC · 4 yrs held
Exalted Homecare LLC
since 2022
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
C-3 · 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
$955,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $925k (Jul 18 2022)
Last sale anchor
$925k
Jul 18 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
$111 / 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
$10,132
Tax year 2023
Assessed value
$127,423
Assessed 2024
Previous assessed
$127,423
+0.0% YoY
Effective rate
7.95%
On assessed value
Land market value
$414,400
Improvement market value
$357,862
Total market value
$772,262
Applied tax rate
661,300.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Total area
8,427 SF
Lot
0.78 ac (34,104 SF)
Zoning code
C-3
APN
113-06-074A
UPID
US07-0521554
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZ
Zoning C-3 · permitted uses
C-3 · 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
1964
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Exalted Homecare LLC
Entity
Mailing address
2850 S 36TH STA14, PHOENIX, AZ 85034-7239
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Exalted Homecar LLC
—
Deed
related
$500,000 · Midfirst Bank
Jul 18, 2022
$925,000
Exalted Homecare LLC
Shlita LLC
Special Warranty Deed
$786,250 · Midfirst Bank
Dec 22, 2017
—
Shlita LLC
Shlita Investments LLC
Quit Claim Deed
related
—
Jul 13, 2017
—
Shlita Investments LLC
Shlita,sargon & Virginia
Quit Claim Deed
related
—
Apr 13, 2017
$375,000
Sargon Shlita
Mufg Union Bank
Grant Deed
—
Oct 18, 2016
$260,000
Santa Barbara Bk & Trust
Clear Recon Corp|la Puente LLC
Trustees Deed
related
—
Jan 19, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$1,445,000 · Pacific Capital Bank NA
Feb 3, 2005
$695,000
La Puente LLC
Elwood Property INC
Warranty Deed
$425,000 · Sir Mortgage & Finance Of Arizona I
Jan 26, 2004
—
Elwood Property INC
First American Title Ins Co C
Trustees Deed
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.
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