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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Industrial properties
3802 Miami Ave, Phoenix, AZ 85040-1635
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1310734
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
2,400 SF
Lot
0.24 ac (10,283 SF)
Zoning code
A-1
APN
122-01-048B
UPID
US07-1310734
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
$849k
Blend (final)
Blend
$830k
Owner & transaction history
Rk Ventures Az LLC · 2 yrs held
Rk Ventures Az LLC
since 2024
7 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+130.7%
Commercial (general)
$1.3M
+111.7%
Auto repair, garage
$1.0M
+72.0%
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
INDUSTRIAL (GENERAL)
$590,000
Current use
OFFICE BUILDING
$1,360,000
Change: +131% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,250,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,015,000
Change: +72% · Conversion: Easy
RETAIL STORES
$715,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$645,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$635,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$346 / 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
$5,801
Tax year 2023
Assessed value
$84,612
Assessed 2024
Previous assessed
$76,670
+10.4% YoY
Effective rate
6.86%
On assessed value
Land market value
$146,900
Improvement market value
$365,900
Total market value
$512,800
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
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,400 SF
Lot
0.24 ac (10,283 SF)
Zoning code
A-1
APN
122-01-048B
UPID
US07-1310734
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
INDUSTRIAL (GENERAL) Current
Est. value
$590,000
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$715,000
WAREHOUSE, STORAGE
Est. value
$645,000
MEDICAL BUILDING
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$610,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Rk Ventures Az LLC
Entity
Mailing address
127 2ND ST STE #1, LOS ALTOS, CA 94022-2794
Ownership since
2024
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
Jan 10, 2024
—
Rk Ventures Az LLC
Ronald D Kline
Special Warranty Deed
—
Jun 19, 2019
$393,500
Peoria Commercial Holdings
Dwelt Designs Co LLC
Grant Deed
—
Mar 1, 2018
$350,000
Abundant Living & Luxury Ll
Consolidated Mechanical Co
Grant Deed
—
Jul 1, 1998
—
Phoenix City (az)
Consolidated Mechanical Contra
Quit Claim Deed
related
—
Jan 29, 1998
—
Mcmaster,fay A
Consolidated Mechanical Cont
Trustees Deed
related
—
Feb 16, 1995
$36,500
Consolidated Mechanical Contract
Buck
Grant Deed
$25,000 · Seller
Nov 12, 1992
—
Buck F O
Flori Corp
Grant Deed
related
—
—
—
Consolidated Mechanical Contra
—
Deed Of Trust
related
$100,000 · Compass Bank
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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