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Property profile & analytics
OFF-MARKET
Estimated value
$4,785,000
Auto shops
4028 36th St Phoenix, AZ 85040-1843
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US07-0054930
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1978
Construction
STEEL FRAME
Total area
9,690 SF
Lot
1.71 ac (74,500 SF)
Zoning code
A-1
APN
122-12-007B
UPID
US07-0054930
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
-
Ditch Witch West Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$4.79M
Owner & transaction history
Full Circle Properties LLC · 18 yrs held
Full Circle Properties LLC
since 2008
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
Top alternative use upside
Office building
$5.5M
+34.1%
Restaurant
$5.2M
+26.4%
Commercial (general)
$5.0M
+23.1%
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
AUTO REPAIR, GARAGE
$4,095,000
Current use
OFFICE BUILDING
$5,490,000
Change: +34% · Conversion: Difficult
RESTAURANT
$5,175,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,040,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$4.79M
Range $4.31M – $5.26M · ±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
$494 / 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
$33,514
Tax year 2023
Assessed value
$442,728
Assessed 2024
Previous assessed
$385,866
+14.7% YoY
Effective rate
7.57%
On assessed value
Land market value
$514,800
Improvement market value
$2,168,400
Total market value
$2,683,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
9,690 SF
Lot
1.71 ac (74,500 SF)
Zoning code
A-1
APN
122-12-007B
UPID
US07-0054930
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.1M
OFFICE BUILDING
Est. value
$5.5M
RESTAURANT
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
1978
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Full Circle Properties LLC
Entity
Mailing address
PO BOX 407, EUGENE, OR 97440-0407
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Jul 31, 2017
—
Full Circle Properties LLC
—
Grant Deed
related
$3,900,000 · Jp Morgan Chase Bk
Mar 18, 2008
$1,200,000
Full Circle Properties LLC
D W Phoenix LLC
Special Warranty Deed
$190,000 · M & I Marshall & Ilsley Bank
Sep 7, 2004
$750,000
D-w Phoenix LLC
Wilkerson,daniel R
Grant Deed
—
Feb 11, 2002
—
Mobile Mini INC
—
Deed Of Trust
related
$250,000,000 · Fleet Capital Corp Trustee
—
—
Daniel R Wilkerson
—
Deed Of Trust
related
$136,532 · National Bank Arizona
—
—
Daniel R Wilkerson
—
Deed Of Trust
related
$100,000 · National Bank Arizona
—
—
Daniel R Wilkerson
—
Deed Of Trust
related
$127,773 · First National Bank Arizona
—
—
Daniel R Wilkerson
—
Deed Of Trust
related
$127,773 · First National Bank Arizona
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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