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Property profile & analytics
OFF-MARKET
Commercial real estate
3640 16th Pl Phoenix, AZ 85040-1319
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-1256235
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Lot
0.18 ac (7,794 SF)
Zoning code
A-1
APN
122-30-009
UPID
US07-1256235
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3632 S 16th Place LLC · 10 yrs held
3632 S 16th Place LLC
since 2015
7 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$562
Tax year 2023
Assessed value
$8,993
Assessed 2024
Previous assessed
$6,817
+31.9% YoY
Effective rate
6.25%
On assessed value
Land market value
$54,500
Total market value
$54,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Units
6
Lot
0.18 ac (7,794 SF)
Zoning code
A-1
APN
122-30-009
UPID
US07-1256235
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZZoning 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
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Units
6
Lot
0.18 ac
Current owner
From public records · entity-resolved
3632 S 16th Place LLC
Entity
Mailing address
3632 S 16TH PL, PHOENIX, AZ 85040-1319
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
3632 S 16th Place LLC
—
Deed
related
$1,500,000 · Kansas State Bank
Aug 25, 2015
$1,350,000
3632 S 16th Place LLC
16th Place Partners LLC
Warranty Deed
$720,000 · Ks Statebank
Feb 3, 2009
—
16th Place Partners LLC
—
Grant Deed
related
$1,800,000 · Nextier Bank NA
May 18, 2007
$1,075,000
16th Place Partners LLC
Rio Salado Venture Ptrs LLC
Grant Deed
$1,425,000 · Nextier Bank NA
Mar 1, 2007
$1,450,000
Rio Salado Venture Ptrs LLC
Commisso Trust
Warranty Deed
—
Aug 1, 2006
—
Commisso Trust
Commisso D & G Living Trust
Quit Claim Deed
related
$500,000 · Johnson Bank
Oct 28, 2005
—
Domenick Commisso
Commisso,domenick & Gilda
Quit Claim Deed
related
—
Oct 26, 2000
—
Commisso Trust
Commisso,domenick & Gilda
Quit Claim Deed
related
—
Jan 27, 1994
—
Dominick Commisso
Sealy Mattress M
Grant Deed
related
—
Feb 22, 1993
$320,000
Dominick Commisso
Sealy Matress Co
Grant Deed
$256,000 · Firstar Metropolitan Bank & Tr
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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