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Property profile & analytics
OFF-MARKET
Estimated value
$10,110,000
Banks
5055 32nd St Phoenix, AZ 85018-1401
Individually Owned
7-yr Hold
Free & Clear
Property ID
US07-0117413
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
20,421 SF
Lot
0.63 ac (27,486 SF)
Zoning code
C-T
APN
170-13-024E
UPID
US07-0117413
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
-
CP Landscaping General Contractor
-
Capilano Properties Corporate Office
-
Onni Group Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.11M
Blend (final)
Blend
$10.11M
Owner & transaction history
Onni 32nd Street Phoenix Ll · 7 yrs held
Onni 32nd Street Phoenix Ll
since 2019
4 recorded transactions
Zoning & alternative use
C-T · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.2M
+30.9%
Restaurant
$10.9M
+0.4%
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
FINANCIAL BUILDING
$10,865,000
Current use
COMMERCIAL (GENERAL)
$14,220,000
Change: +31% · Conversion: Difficult
RESTAURANT
$10,905,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$10.11M
Range $9.10M – $11.12M · ±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
$495 / 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
$122,079
Tax year 2023
Assessed value
$1,408,513
Assessed 2024
Previous assessed
$1,143,658
+23.2% YoY
Effective rate
8.67%
On assessed value
Land market value
$2,029,000
Improvement market value
$6,507,445
Total market value
$8,536,445
Applied tax rate
141,300.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Units
2
Total area
20,421 SF
Lot
0.63 ac (27,486 SF)
Zoning code
C-T
APN
170-13-024E
UPID
US07-0117413
Jurisdiction
MARICOPA
Zoning & alternative use
C-T · Phoenix, AZ
Zoning C-T · permitted uses
C-T · 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
FINANCIAL BUILDING Current
Est. value
$10.9M
COMMERCIAL (GENERAL)
Est. value
$14.2M
RESTAURANT
Est. value
$10.9M
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1985
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Units
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Onni 32nd Street Phoenix Ll
Individual
Free & Clear · 7 yrs held
Mailing address
5055 N 32ND ST STE #200, PHOENIX, AZ 85018-9905
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2019
$6,350,000
Onni 32nd Street Phoenix Ll
Pacific Premier Bank
Grant Deed
—
Jun 13, 2003
$10
Biltmore Bank Of Arizona
Bank Capital Corp
Grant Deed
related
—
Jul 24, 2002
$2,750,000
Guaranty Corp
Pals Land INC
Grant Deed
$1,950,000 · General American Life Ins
Feb 7, 1990
$26,000,000
J J G Enterprise
Western Savings
Trustees Deed
—
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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