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Property profile & analytics
FOR SALE
Office buildings
4450 N 12Th St, Phoenix, AZ 85014
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US07-0373546
For Sale
1 / 4
$4,750,000
4450 N 12Th St, Phoenix, AZ 85014
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
STEEL FRAME
Total area
18,980 SF
Lot
0.37 ac (16,300 SF)
Zoning code
R-5
APN
155-14-039
UPID
US07-0373546
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
-
Rare Berry Group Business To Business Service
-
Garth Williams Casting, LLC Employment Agency
-
Cypress Civil Development Civil Engineer
-
knoodle advertising Marketing & Advertising Advertising Agency
-
Choukalas Design Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$3.56M
Owner & transaction history
Living United For Change In Arizona
Living United For Change In Arizona
since 2026
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.7M
+12.8%
Medical building
$5.0M
+0.5%
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
$5,015,000
Current use
RETAIL STORES
$5,655,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$5,040,000
Change: +0% · Conversion: Easy
WAREHOUSE, STORAGE
$4,925,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,830,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$3.56M
Range $3.20M – $3.92M · ±10% · vs last sale $4.50M (Jan 23 2026)
Last sale anchor
$4.50M
Jan 23 2026
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
$188 / 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
$31,142
Tax year 2023
Assessed value
$237,353
Assessed 2024
Previous assessed
$233,682
+1.6% YoY
Effective rate
13.12%
On assessed value
Land market value
$401,700
Improvement market value
$1,036,800
Total market value
$1,438,500
Applied tax rate
381,300.0000
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
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
2
Total area
18,980 SF
Lot
0.37 ac (16,300 SF)
Zoning code
R-5
APN
155-14-039
UPID
US07-0373546
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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
$5.0M
RETAIL STORES
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
OFFICE BUILDING Current
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
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Living United For Change In Arizona
Individual
Mailing address
1545 W THOMAS RD, PHOENIX, AZ 85015-6102
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
$4,500,000
Living United For Change In Arizona
Jrsk Properties LLC
Special Warranty Deed
—
Jan 23, 2026
$4,500,000
Living United For Change In Arizona
Jrsk Properties LLC
Special Warranty Deed
—
Apr 12, 2019
—
Jrsk Properties LLC
Jet Enterprises LLC
Re-recorded Document
related
$1,743,750 · Wells Fargo Bank NA
Apr 1, 2019
$2,325,000
Jrsk Properties LLC
Jet Enterprises LLC
Special Warranty Deed
$1,743,750 · Wells Fargo Bank NA
Apr 1, 2019
—
Gary A Weiss
Tonya Louise Decroce
Warranty Deed
—
Mar 14, 2008
—
K-w 12th St LLC
Kelman-weiss Ents LLP
Grant Deed
related
—
Sep 23, 1999
$1,261,000
Kelman-weiss Enterprises LLP
Nice Guys Investments LLP
Grant Deed
—
May 27, 1998
$1,261,000
Nice Guys Investments
19th Avenue/buchanan LP
Grant Deed
—
Jan 25, 1995
$1,436,319
Avenue Buchanan L P 19th
Wosco Enterprises INC
Quit Claim Deed
related
—
Dec 30, 1991
$1,476,264
Wosco Enterprise
Wosco Ltd
Grant Deed
related
—
—
—
Kelman-weiss Enterprises
—
Deed Of Trust
related
$400,000 · Northern Trust Bank
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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