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Property profile & analytics
OFF-MARKET
Estimated value
$89,605,000
Parking lots & garages
4900 44th St, Phoenix, AZ 85018-2711
Entity Owned
7-yr Hold
Property ID
US07-2385548
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2015
Construction
CONCRETE
Total area
146,400 SF
Lot
4.71 ac (205,283 SF)
Zoning code
PUD
APN
171-34-301
UPID
US07-2385548
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
-
PlumbTech Experts Plumbing Service General Contractor
-
Alisa Brooks Photography Photography Service (Bike/Boat/Book/etc) Store
-
Kay-Kay’s Island Cantina Bar & Pub
-
Citrine Apartments Apartment Building Apartment Rental Agency
-
Pachamama Yoga High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$91.27M
Blend (final)
Blend
$89.61M
Owner & transaction history
Trea Sh Citrine LLC · 7 yrs held
Trea Sh Citrine LLC
since 2018
5 recorded transactions
Zoning & alternative use
PUD · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$102.0M
+105.3%
Restaurant
$78.2M
+57.4%
Auto repair, garage
$61.9M
+24.6%
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
COMMERCIAL (GENERAL)
$101,955,000
Change: +105% · Conversion: Difficult
RESTAURANT
$78,180,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$61,860,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$59,290,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$89.61M
Range $80.64M – $98.57M · ±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
$612 / 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
$473,953
Tax year 2023
Assessed value
$11,865,960
Assessed 2024
Previous assessed
$10,512,870
+12.9% YoY
Effective rate
3.99%
On assessed value
Land market value
$19,361,400
Improvement market value
$99,298,200
Total market value
$118,659,600
Applied tax rate
481,300.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2015
Construction
CONCRETE
Heating
NONE
Buildings
5
Stories
4
Units
312
Total area
146,400 SF
Lot
4.71 ac (205,283 SF)
Zoning code
PUD
APN
171-34-301
UPID
US07-2385548
Jurisdiction
MARICOPA
Zoning & alternative use
PUD · Phoenix, AZ
Zoning PUD · permitted uses
PUD · 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
COMMERCIAL (GENERAL)
Est. value
$102.0M
RESTAURANT
Est. value
$78.2M
AUTO REPAIR, GARAGE
Est. value
$61.9M
OFFICE BUILDING
Est. value
$59.3M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2015
Construction
CONCRETE
Heating
NONE
Stories
4
Buildings
5
Units
312
Lot
4.71 ac
Current owner
From public records · entity-resolved
Trea Sh Citrine LLC
Entity
Mailing address
8110 E UN AVE STE #200, DENVER, CO 80237-2966
Ownership since
2018
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 24, 2025
—
Trea Sh Citrine LLC
—
Deed
related
$440,952,000 · Wells Fargo Bank NA
Nov 30, 2018
$99,078,564
Trea Sh Citrine LLC
Shlp Citrine LLC
Special Warranty Deed
$245,000 · Wells Fargo Bank NA
May 10, 2016
$93,912,000
Silp Citrine LLC
Jlb Camelback LLC
Special Warranty Deed
$52,000,000 · Wells Fargo Bank NA
Nov 27, 2013
—
Jlb Camelback LLC
—
Trustees Deed
related
$44,362,500 · Wfb NA
—
—
Jlb Camelback LLC
—
Deed Of Trust
related
$9,000,000 · Parkway 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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