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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Industrial properties
3838 36th Ave Phoenix, AZ 85019-3719
Entity Owned
33-yr Hold
~
Est. High Equity
Property ID
US07-2659721
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1979
Total area
7,000 SF
Lot
2.26 ac (98,580 SF)
Zoning code
A-2
APN
107-33-017G
UPID
US07-2659721
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
-
Access Bicycle Components Inc (Bike/Boat/Book/etc) Store
-
THUMBS UP PRODUCE PARTNERS LLC Big Box & Wholesale Store
-
Robert Hinkel PC Accounting Firm Tax Preparation
-
J B Logistics Trucking Company
-
Phoenix Auto Works Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.77M
Owner & transaction history
3838 Investments Ltd · 33 yrs held
3838 Investments Ltd
since 1992
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+160.1%
Restaurant
$3.7M
+142.7%
Auto repair, garage
$3.0M
+92.1%
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
$4,005,000
Change: +160% · Conversion: Difficult
RESTAURANT
$3,740,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,960,000
Change: +92% · Conversion: Easy
RETAIL STORES
$2,085,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$1,860,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,815,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±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
$395 / 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
$26,854
Tax year 2023
Assessed value
$395,670
Assessed 2024
Previous assessed
$395,670
+0.0% YoY
Effective rate
6.79%
On assessed value
Land market value
$650,800
Improvement market value
$1,747,200
Total market value
$2,398,000
Applied tax rate
681,300.0000
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
1979
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
7,000 SF
Lot
2.26 ac (98,580 SF)
Zoning code
A-2
APN
107-33-017G
UPID
US07-2659721
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning A-2 · permitted uses
A-2 · 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
Est. value
$4.0M
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1979
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.26 ac
Current owner
From public records · entity-resolved
3838 Investments Ltd
Entity
Mailing address
PO BOX 33214, PHOENIX, AZ 85067-3214
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2018
—
3838 Investments Ltd
—
Deed
related
$400,000 · & Eastern A O C P S P Tr (pt)
May 12, 2016
—
3838 Investments Ltd
—
Deed
related
$50,000 · Comerica Bank
Jul 23, 1992
$250,000
3838 Investments Ltd
Fdic
Grant Deed
related
—
May 1, 1987
$1,125,000
Irvin E Spitler
Tripl
Grant Deed
related
—
—
—
3838 Investments Ltd
—
Deed Of Trust
related
$300,000 · M & I Thunderbird Bank
—
—
3838 Investments Ltd
—
Deed Of Trust
related
$580,000 · Bankusa Fsb
—
—
3838 Investments Ltd
—
Deed Of Trust
related
$400,000 · & Eastern A O C P S P Tr (pt)
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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