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Property profile & analytics
OFF-MARKET
Flex space
3922 University Dr Phoenix, AZ 85034-7223
Entity Owned
Free & Clear
Property ID
US07-0270077
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1988
Construction
CONCRETE
Total area
22,895 SF
Lot
2.35 ac (102,453 SF)
Zoning code
A-2
APN
122-03-051
UPID
US07-0270077
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
-
Hungry Dog Eats Restaurant
-
Integra Systems Corporation Telecommunications Service
-
Yellow Jacket Drilling Services Construction Company General Contractor
-
Remedy Medical Manufacturing Production Facility Factory
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
Sb University I LLC
Sb University I LLC
since 2026
Last sale
$20.9M
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 2023Property tax & assessments
Tax year 2023
Tax billed
$50,396
Tax year 2023
Assessed value
$792,594
Assessed 2024
Previous assessed
$642,838
+23.3% YoY
Effective rate
6.36%
On assessed value
Land market value
$1,122,300
Improvement market value
$3,681,300
Total market value
$4,803,600
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
22,895 SF
Lot
2.35 ac (102,453 SF)
Zoning code
A-2
APN
122-03-051
UPID
US07-0270077
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.
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Sb University I LLC
Entity
Free & Clear · 0 yrs held
Mailing address
420-1508 BROADWAY W VANCOUVER BC 6TH XX
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
$20,850,000
Sb University I LLC
Spire Cabot LP
Special Warranty Deed
—
Aug 14, 2017
$11,375,000
Spire Cabot LP
Dunbar Cbc LLC
Trustees Deed
$7,000,000 · Miscellaneous Ins Co
Jan 27, 2017
—
Dunbar Cbc LLC
—
Deed
related
$6,586,086 · Sunwest Bk
Aug 15, 2014
$9,275,000
Dunbar Cbc LLC
Morgan Read
Special Warranty Deed
$6,535,000 · Sunwest Bank
Apr 12, 2012
—
Jes Phoenix LLC
—
Deed Of Trust
related
$5,250,000 · Mutual Of Omaha Bank
Jan 11, 2010
$6,710,000
Morgan-read LLC
Clp Industrial Properties LLC
Grant Deed
$5,250,000 · Mutual Of Omaha Bank
Sep 3, 2004
—
Clp Industrial Properties LLC
Cabot Industrial Properties
Grant Deed
$225,000,000 · Jackson National Life Ins Co
Feb 2, 2000
$8,423,830
Cabot Industrial Properties LP
Pueblos Del Rio North Ltd
Grant Deed
—
May 28, 1997
$8,350,000
Pueblos Del Rio North Ltd
New Properties 5
Grant Deed
—
Sep 30, 1987
—
Hewson Univ Asso
—
Deed Of Trust
related
—
—
—
England Pension Properties V New
—
Deed Of Trust
related
—
—
—
Dunbar Cbc LLC
—
Loan Modification
related
$6,586,086 · Sunwest Bk
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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