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Property profile & analytics
FOR SALE
Industrial properties
3637 E Miami Ave Phoenix, AZ 85040
Entity Owned
~
Est. High Equity
Property ID
US07-1366114
For Sale
1 / 2
$13,204,438
3637 E Miami Ave, Phoenix, AZ 85040
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1989
Construction
CONCRETE
Total area
24,856 SF
Lot
3.09 ac (134,470 SF)
Zoning code
A-1
APN
122-05-041
UPID
US07-1366114
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
-
Arizona Camera Rentals Film Production
-
3500 Kelvin Studios Film Production
-
Global Diversity Logistics Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.88M
Blend (final)
Blend
$11.77M
Owner & transaction history
Wren Miami LLC
Wren Miami LLC
since 2026
Last sale
$14.7M
7 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.1M
+130.7%
Restaurant
$13.3M
+117.3%
Commercial (general)
$12.9M
+111.7%
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
OFFICE BUILDING
$14,085,000
Change: +131% · Conversion: Difficult
RESTAURANT
$13,275,000
Change: +117% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,930,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,505,000
Change: +72% · Conversion: Easy
RETAIL STORES
$7,405,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$11.77M
Range $10.59M – $12.94M · ±10% · vs last sale $14.65M (Mar 2 2026)
Last sale anchor
$14.65M
Mar 2 2026
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
$473 / 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
$75,794
Tax year 2023
Assessed value
$1,020,063
Assessed 2024
Previous assessed
$892,143
+14.3% YoY
Effective rate
7.43%
On assessed value
Land market value
$1,191,600
Improvement market value
$4,990,600
Total market value
$6,182,200
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Sale
Year built
1989
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
24,856 SF
Lot
3.09 ac (134,470 SF)
Zoning code
A-1
APN
122-05-041
UPID
US07-1366114
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZ
Zoning A-1 · permitted uses
A-1 · 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
OFFICE BUILDING
Est. value
$14.1M
RESTAURANT
Est. value
$13.3M
COMMERCIAL (GENERAL)
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$10.5M
RETAIL STORES
Est. value
$7.4M
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1989
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
3.09 ac
Current owner
From public records · entity-resolved
Wren Miami LLC
Entity
Mailing address
3637 E MIAMI AVE, PHOENIX, AZ 85040-1630
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
$14,650,000
Wren Miami LLC
Jbj Phoenix LLC
Special Warranty Deed
$10,000,000 · Bokf NA
Nov 18, 2024
$11,500,000
Jbj Phoenix LLC
The Stadler Family Limited Partners
Warranty Deed
$925,000 · Bokf NA
Aug 10, 2020
—
Stadler Family LP
—
Deed
related
$500,000 · National Bk/az
Aug 6, 2008
—
Stadler Family
—
Deed Of Trust
related
$5,315,000 · Stadler Living Trust (tr)
Dec 26, 1996
—
Stadler Family Ltd
Gerald Stadler
Quit Claim Deed
related
—
Jun 19, 1989
$242,500
Stadler Gerald
—
Deed Of Trust
related
—
—
—
Stadler Family LP
—
Deed Of Trust
related
$500,000 · National Bk/az
—
—
Stadler Family Ltd
—
Deed Of Trust
related
$1,335,000 · Union Central Life Insurance
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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