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Property profile & analytics
OFF-MARKET
Estimated value
$4,560,000
Office buildings
4451 Oak St Phoenix, AZ 85008-2410
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-0388244
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
CONCRETE
Total area
22,240 SF
Lot
2.05 ac (89,409 SF)
Zoning code
C-2
APN
126-08-021B
UPID
US07-0388244
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
-
Genoa Healthcare Pharmacy
-
Veyo Hot Spot - Lifewell Pharmacy
-
Adam Geno Physician
-
Christine Creen Physician
-
Audrey E Elliott Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.62M
Blend (final)
Blend
$4.56M
Owner & transaction history
City Park Oak LLC · 12 yrs held
City Park Oak LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$6,695,000
Current use
MEDICAL BUILDING
$5,905,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$5,770,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,660,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.56M
Range $4.10M – $5.02M · ±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
$205 / 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
$33,944
Tax year 2023
Assessed value
$423,077
Assessed 2024
Previous assessed
$527,833
-19.8% YoY
Effective rate
8.02%
On assessed value
Land market value
$1,001,200
Improvement market value
$1,562,900
Total market value
$2,564,100
Applied tax rate
311,300.0000
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
Off-Market
Year built
1976
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
22,240 SF
Lot
2.05 ac (89,409 SF)
Zoning code
C-2
APN
126-08-021B
UPID
US07-0388244
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
$6.7M
MEDICAL BUILDING
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
OFFICE BUILDING Current
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
1976
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.05 ac
Current owner
From public records · entity-resolved
City Park Oak LLC
Entity
Free & Clear · 12 yrs held
Mailing address
2150 E HIGHLAND AVE STE #207, PHOENIX, AZ 85016-4721
Ownership since
2014
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
Oct 10, 2017
—
City Park LLC
—
Deed
related
$801,112 · Wells Fargo Bk
Mar 24, 2014
—
City Park Oak LLC
City Park LLC
Quit Claim Deed
—
Dec 29, 1999
$177,060
4451 LLC
3065 LLC
Grant Deed
—
Apr 9, 1999
$1,100,000
City Park LLC
Abhyanker,vasant L & Vimal V
Grant Deed
$600,000 · National Bank Arizona
Sep 21, 1995
$700,000
Vasant L Abhyanker
Kofa INC
Grant Deed
$100,000 · National Bank Canada
Aug 3, 1992
$675,000
Kofa INC
G & B Enterprise
Grant Deed
—
Mar 13, 1992
$675,000
G & B Enterprise
Phoenix Metro In
Grant Deed
$475,000 · Seller
—
—
Vasant L Abhyanker
—
Deed Of Trust
related
$96,000 · Bank One NA
—
—
526 East Juanita LLC
—
Deed Of Trust
related
$1,500,000 · Norwest Bank Arizona
—
—
City Park LLC
—
Deed Of Trust
related
$1,410,000 · Wells Fargo Bank Arizona
—
—
City Park LLC
—
Loan Modification
related
$801,112 · Wells Fargo Bk
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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