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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Warehouses
429 Jackson St Phoenix, AZ 85003-2409
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US07-2675246
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1916
Construction
CONCRETE
Total area
9,900 SF
Lot
0.16 ac (6,875 SF)
Zoning code
C-DT
APN
112-19-008
UPID
US07-2675246
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 Icehouse Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$2.97M
Owner & transaction history
Arts Icehouse · 27 yrs held
Arts Icehouse
since 1998
5 recorded transactions
Zoning & alternative use
C-DT · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Auto repair, garage
$4.2M
+62.8%
Office building
$3.0M
+15.6%
Retail stores
$3.0M
+14.8%
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
WAREHOUSE, STORAGE
$2,570,000
Current use
AUTO REPAIR, GARAGE
$4,185,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$2,970,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$2,950,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$2,630,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,520,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±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
$300 / 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
$18,745
Tax year 2023
Assessed value
$252,087
Assessed 2024
Previous assessed
$252,087
+0.0% YoY
Effective rate
7.44%
On assessed value
Land market value
$687,500
Improvement market value
$840,300
Total market value
$1,527,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1916
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
4
Stories
3
Units
4
Total area
9,900 SF
Lot
0.16 ac (6,875 SF)
Zoning code
C-DT
APN
112-19-008
UPID
US07-2675246
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Phoenix, AZZoning C-DT · permitted uses
C-DT · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Public/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1916
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
4
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Arts Icehouse
Individual
Mailing address
429 W JACKSON ST, PHOENIX, AZ 85003-2409
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 1998
—
Arts Icehouse
Magnus Synthesis LLC
Grant Deed
$300,000 · Bank One Arizona
Jul 15, 1998
—
Magnus Synthesis LLC
Downtown Arts Dev LLC
Grant Deed
related
—
Jul 1, 1998
—
Downtown Arts Development LLC
Magnus Synthesis LLC
Grant Deed
related
—
May 10, 1991
—
Investment Kunst
City Of Phoenix
Grant Deed
related
—
—
—
Synthesis L L C Magnus
—
Deed Of Trust
related
$209,000 · Mortgage Ltd
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.
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