Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$51,680,000
Parking lots & garages
4001 Central Ave Phoenix, AZ 85012-1948
Entity Owned
6-yr Hold
Property ID
US07-2465523
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2017
Construction
CONCRETE
Total area
84,435 SF
Lot
2.65 ac (115,561 SF)
Zoning code
WU
APN
118-27-933
UPID
US07-2465523
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
-
Park on Central Apartment Homes Apartment Complex Apartment Building
-
Fenix Auto Repair and Auto Body Auto Repair Shop
-
Latin Mufflers & Auto Service Auto Repair Shop
-
The Yuniverse - Mindfulness + CBD Tea & Coffee Cafe & Coffee Shop
-
The Yuniverse Wellness Program
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$52.64M
Blend (final)
Blend
$51.68M
Owner & transaction history
Az Central Apartment Homes LLC · 6 yrs held
Az Central Apartment Homes LLC
since 2019
4 recorded transactions
Zoning & alternative use
WU · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$58.8M
+105.3%
Restaurant
$45.1M
+57.4%
Auto repair, garage
$35.7M
+24.6%
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
COMMERCIAL (GENERAL)
$58,800,000
Change: +105% · Conversion: Difficult
RESTAURANT
$45,090,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$35,680,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$51.68M
Range $46.51M – $56.85M · ±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
$612 / 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
$484,012
Tax year 2023
Assessed value
$8,289,810
Assessed 2024
Previous assessed
$6,194,360
+33.8% YoY
Effective rate
5.84%
On assessed value
Land market value
$16,579,600
Improvement market value
$66,318,500
Total market value
$82,898,100
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
NONE
Buildings
4
Stories
3
Units
3
Total area
84,435 SF
Lot
2.65 ac (115,561 SF)
Zoning code
WU
APN
118-27-933
UPID
US07-2465523
Jurisdiction
MARICOPA
Zoning & alternative use
WU · Phoenix, AZ
Zoning WU · permitted uses
WU · 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
COMMERCIAL (GENERAL)
Est. value
$58.8M
RESTAURANT
Est. value
$45.1M
AUTO REPAIR, GARAGE
Est. value
$35.7M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2017
Construction
CONCRETE
Heating
NONE
Stories
3
Buildings
4
Units
3
Lot
2.65 ac
Current owner
From public records · entity-resolved
Az Central Apartment Homes LLC
Entity
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2019
$61,117
Az Central Apartment Homes LLC
Wdf 4 Wood 4001 Central Owner LLC
Special Warranty Deed
$39,725,000 · Mufg Union Bank NA
Feb 27, 2017
$988,056
Wdf-4 Wood 4001 Central Owner LLC
Macayos Real Estate Holdings LLC
Cash Sale Deed
—
Feb 27, 2017
$1,012,330
Wdf-4 Wood 4001 Ctrl Owner
Mac Properties LP
Grant Deed
—
Feb 6, 2007
—
Macayos R & E Holdings LLC
Macayo Restaurants LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4001 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
