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Property profile & analytics
FOR SALE
Office buildings
420 W Roosevelt St Phoenix, AZ 85003
Individually Owned
Free & Clear
Property ID
US07-1395708
For Sale
1 / 3
$1,921,920
420 W Roosevelt St, Phoenix, AZ 85003
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
CONCRETE
Total area
7,432 SF
Lot
0.23 ac (10,150 SF)
Zoning code
DTC-S-ROO
APN
111-32-020
UPID
US07-1395708
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
-
The Law Offices of R.C. Whitehead PLLC, (Chuck Whitehead) Law Firm
-
Freedom Beyond Therapy Alternative Medicine Practice
-
Pena Law Firm, PLLC - George A. Pena, Esq. Law Firm
-
Arab American Organization Charitable Organization Social Service Agency
-
Arizona Citizens for the Arts Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.12M
Owner & transaction history
Leavitt Sarah
Leavitt Sarah
since 2026
6 recorded transactions
Zoning & alternative use
DTC-S-ROO · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+40.8%
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
$2,230,000
Current use
AUTO REPAIR, GARAGE
$3,140,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$2,215,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$1,975,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,930,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,890,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±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
$285 / 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
$19,737
Tax year 2023
Assessed value
$201,416
Assessed 2024
Previous assessed
$165,580
+21.6% YoY
Effective rate
9.80%
On assessed value
Land market value
$546,700
Improvement market value
$674,000
Total market value
$1,220,700
Applied tax rate
11,300.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1955
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Units
2
Total area
7,432 SF
Lot
0.23 ac (10,150 SF)
Zoning code
DTC-S-ROO
APN
111-32-020
UPID
US07-1395708
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-S-ROO · Phoenix, AZ
Zoning DTC-S-ROO · permitted uses
DTC-S-ROO · 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 Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1955
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Leavitt Sarah
Individual
Free & Clear · 0 yrs held
Mailing address
750 N 17TH ST, LAS CRUCES, NM 88005-4153
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
$1,875,000
Leavitt Sarah
B & B Merritt Real Estate LLC
Special Warranty Deed
—
Dec 19, 2018
$1,350,000
B & B Merritt Real Estate L
Lamar Partners LLC
Grant Deed
—
Feb 13, 2004
—
Lamar Partners LLC
—
Trustees Deed
related
$795,000 · Wells Fargo Bank Arizona
Dec 30, 1994
—
Mothershead Robert
Mothershead
Quit Claim Deed
related
$191,000
Jul 25, 1990
$170,000
Robe Mothershead
Western Sav
Grant Deed
$136,000 · Western Savings & Loan
—
—
Lamar Partners LLC
—
Deed Of Trust
related
$690,000 · Alliance Bank Of 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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