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Property profile & analytics
OFF-MARKET
Estimated value
$7,050,000
Warehouses
3650 Broadway Rd Phoenix, AZ 85041-1747
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0688206
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
16,279 SF
Lot
8.62 ac (375,539 SF)
Zoning code
I-1
APN
105-46-007A
UPID
US07-0688206
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.12M
Blend (final)
Blend
$7.05M
Owner & transaction history
3650 West Broadway LLC · 6 yrs held
3650 West Broadway LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Commercial (general)
$11.3M
+168.3%
Restaurant
$8.7M
+105.8%
Auto repair, garage
$6.9M
+62.8%
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)
$11,335,000
Change: +168% · Conversion: Difficult
RESTAURANT
$8,695,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,880,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$4,885,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$4,850,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$4,320,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$7.05M
Range $6.35M – $7.76M · ±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
$433 / 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
$94,841
Tax year 2023
Assessed value
$3,151,492
Assessed 2024
Previous assessed
$2,941,297
+7.1% YoY
Effective rate
3.01%
On assessed value
Land market value
$1,793,000
Improvement market value
$17,347,700
Total market value
$19,140,700
Applied tax rate
211,300.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
13
Stories
1
Units
12
Total area
16,279 SF
Lot
8.62 ac (375,539 SF)
Zoning code
I-1
APN
105-46-007A
UPID
US07-0688206
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Phoenix, AZZoning I-1 · permitted uses
I-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$11.3M
RESTAURANT
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$6.9M
OFFICE BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
2007
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
13
Units
12
Lot
8.62 ac
Current owner
From public records · entity-resolved
3650 West Broadway LLC
Entity
Mailing address
PO BOX 242, SONOMA, CA 95476-0242
Ownership since
2019
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
Dec 11, 2019
$12,000,000
3650 West Broadway LLC
Mhc 2 Phoenix Az LLC
Grant Deed
$7,600,000 · Keybank USA
Aug 3, 2017
—
Mhc 2 Phoenix Az LLC
—
Grant Deed
related
$350,000,000 · Jp Morgan Chase Bk
Jun 8, 2017
$6,200,000
Mhc 2 Phoenix Az LLC
American Self Storage Of Phoe
Grant Deed
—
Oct 17, 2013
—
City Of Phoenix
American Self Storage Of Phoenix
Warranty Deed
related
—
Jan 14, 2013
—
City Natl Bk
Imperial Cap Bk
Grant Deed
—
Jan 14, 2013
$2,750,100
American Self Storage Of Phoen
City National Bank
Grant Deed
—
Dec 30, 2009
$5,091,967
Imperial Cap Bk
Thomason Timothy J
Trustees Deed
related
—
Nov 21, 2005
$2,350,000
Broadway 35 LLC
35th Avenue Mini Storage Lc
Grant Deed
$4,000,000 · Mka-boich Lending LLC
—
—
Broadway 35 LLC
—
Deed Of Trust
related
$1,000,000 · Mka-boich Lending LLC
—
—
Broadway 35 LLC
—
Deed Of Trust
related
$4,000,000 · Mka-boich Lending LLC
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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