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Property profile & analytics
OFF-MARKET
Distribution centers
3832 University Dr Phoenix, AZ 85034
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-0019605
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1975
Construction
CONCRETE
Total area
1,200 SF
Lot
0.21 ac (9,000 SF)
Zoning code
A-1
APN
122-01-022
UPID
US07-0019605
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
Ucon Properties LLC · 11 yrs held
Ucon Properties LLC
since 2014
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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,085
Tax year 2022
Assessed value
$51,002
Assessed 2024
Previous assessed
$52,139
-2.2% YoY
Effective rate
8.01%
On assessed value
Land market value
$134,900
Improvement market value
$174,200
Total market value
$309,100
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
1,200 SF
Lot
0.21 ac (9,000 SF)
Zoning code
A-1
APN
122-01-022
UPID
US07-0019605
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
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Ucon Properties LLC
Entity
Mailing address
6408 E HOLLY ST, SCOTTSDALE, AZ 85257-2555
Ownership since
2014
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
Oct 24, 2014
$315,000
Ucon Properties LLC
Ausis Bldrs & Const LLC
Grant Deed
—
Aug 31, 2011
$250,000
Ausis Builders & Construction LLC
Jt Capitalpartners LLC
Special Warranty Deed
$175,000 · Jt Capital Partners L L C
Jun 27, 2011
$165,000
Jt Capital Partners LLC
Pacific Wstrn Bk
Grant Deed
—
Jun 27, 2011
$247,716
Wstrn Bk Pacific
Peterson,kurt A
Trustees Deed
related
—
Oct 7, 2010
$247,716
Wstrn Bk Pacific
Peterson,kurt A
Trustees Deed
related
—
Nov 30, 2006
$545,000
Ajnd Construction LLC
Jgg Ents LLC
Warranty Deed
$490,500 · Pacific Western Bank
Jan 3, 2003
—
Jgg Enterprises LLC
Altergott,tr
Grant Deed
related
$350,000 · Wells Fargo Fin'l Arizona INC
Dec 29, 2000
—
Altergott Trust
Altergott,lynn W & Joyce A
Quit Claim Deed
related
—
May 22, 2000
$210,000
Lynn W Altergott
Ode Trust
Grant Deed
$110,000 · Seller
Jun 10, 1996
—
Ode Trust
Mark C & Elizabeth P Ode
Quit Claim Deed
related
—
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
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