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Property profile & analytics
OFF-MARKET
Estimated value
$13,315,000
Office buildings
3737 7th St, Phoenix, AZ 85014-5017
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-2941482
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
CONCRETE
Total area
60,400 SF
Lot
3.47 ac (151,066 SF)
Zoning code
C-O
APN
118-05-121
UPID
US07-2941482
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
-
Sokolove Law LLC, Eric Slepian Law Firm
-
First Legal Law Firm
-
Office of Disability Adjudication And Review City Government Office
-
Sokolove Law Law Firm
-
Home Assist Health Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.66M
Blend (final)
Blend
$13.32M
Owner & transaction history
Alturas Siete LLC · 9 yrs held
Alturas Siete LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$18.0M
+12.8%
Medical building
$16.0M
+0.5%
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
$15,955,000
Current use
RETAIL STORES
$18,000,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$16,035,000
Change: +0% · Conversion: Easy
WAREHOUSE, STORAGE
$15,675,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,375,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$13.32M
Range $11.98M – $14.65M · ±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
$220 / 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
$93,390
Tax year 2023
Assessed value
$1,377,333
Assessed 2024
Previous assessed
$1,688,610
-18.4% YoY
Effective rate
6.78%
On assessed value
Land market value
$4,172,300
Improvement market value
$4,175,175
Total market value
$8,347,475
Applied tax rate
81,300.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
60,400 SF
Lot
3.47 ac (151,066 SF)
Zoning code
C-O
APN
118-05-121
UPID
US07-2941482
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZ
Zoning C-O · permitted uses
C-O · 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 Current
Est. value
$16.0M
RETAIL STORES
Est. value
$18.0M
MEDICAL BUILDING
Est. value
$16.0M
WAREHOUSE, STORAGE
Est. value
$15.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.4M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
3.47 ac
Current owner
From public records · entity-resolved
Alturas Siete LLC
Entity
Mailing address
500 E SHR DR STE #120, EAGLE, ID 83616-6947
Ownership since
2017
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
Jun 2, 2017
$7,965,000
Alturas Siete LLC
Merced Restart Phoenix Investors II
Special Warranty Deed
—
Dec 2, 2014
—
Merced Restart Phoenix Invtrs
Omninet Siete LP
Quit Claim Deed
related
—
Dec 2, 2014
$12,000,000
Merced Restart Phoenix Invt
Omninet Siete LP
Grant Deed
—
Jun 9, 2011
$8,600,000
Omninet Siete LP
Ag Fp Siete Square LLC
Special Warranty Deed
$6,500,000 · Jefferies Loancore LLC
Nov 19, 2004
$7,600,000
Siete Square LLC
Century National Props INC
Grant Deed
$6,490,000 · Fremont Investment & Loan
Dec 29, 2003
—
Century National Properties
Century National Ins Co
Quit Claim Deed
related
—
Jul 20, 1992
$2,100,000
Century National Insurance
Travelers Insura
Grant Deed
—
Feb 12, 1991
$2,383,040
Siete Investment
Young
Grant Deed
—
Mar 5, 1990
$6,351,931
Parkwood Asc INC
Public Storage R
Grant Deed
—
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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