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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Industrial properties
510 University Dr Phoenix, AZ 85004-2936
Entity Owned
~
Est. High Equity
Property ID
US07-3222847
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1981
Construction
CONCRETE
Total area
31,284 SF
Lot
1.54 ac (66,963 SF)
Zoning code
A-2
APN
112-42-036B
UPID
US07-3222847
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
-
KLK Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
510 University LLC
510 University LLC
since 2026
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
A-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
$1,495,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±10% · vs last sale $1.30M (May 26 2021)
Last sale anchor
$1.30M
May 26 2021
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
$57 / 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
$32,252
Tax year 2023
Assessed value
$630,779
Assessed 2024
Previous assessed
$463,930
+36.0% YoY
Effective rate
5.11%
On assessed value
Land market value
$803,000
Improvement market value
$3,019,900
Total market value
$3,822,900
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
31,284 SF
Lot
1.54 ac (66,963 SF)
Zoning code
A-2
APN
112-42-036B
UPID
US07-3222847
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning A-2 · permitted uses
A-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.
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
510 University LLC
Entity
Mailing address
510 E UNIVERSITY DR, PHOENIX, AZ 85004-2936
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2026
—
510 University LLC
Duvall Larry
Special Warranty Deed
—
Apr 17, 2026
—
James Kim Wilkinson Revocable Living Trust
Kim Wilkinson
Special Warranty Deed
related
—
May 26, 2021
—
Larry A Duvall
Duvall Wilkinson Properties LLC
Intrafamily Transfer
related
—
Nov 9, 2010
$1,300,000
Duvall Wilkinson Properties LLC
Familia Management Lllp
Special Warranty Deed
$390,000 · Desert Schools FCU
Nov 10, 2009
$1,200,500
Lafamilia Management Lllp
Phoenix Settlement Svcs L
Trustees Deed
related
—
Nov 9, 2005
$2,300,000
Koble Ents LLC
Bi-17 LLC
Grant Deed
—
May 20, 1998
$1,200,000
Beardsley & I-17 LLC
Dial Corp Fund
Grant Deed
$850,000 · Lutheran Brotherhood
Apr 13, 1988
—
Greyhound Corp F
—
Deed Of Trust
related
—
—
—
Koble Ents LLC
—
Deed Of Trust
related
$1,700,000 · Coppercrest Funding LLC
—
—
Bi-17 LLC
—
Deed Of Trust
related
$1,625,000 · Thrivent Financial For Luthera
—
—
Bi-17 LLC
—
Deed Of Trust
related
$975,000 · Thrivent Financial For Luthera
—
—
Koble Ents LLC
—
Deed Of Trust
related
$550,000 · Emerald Sales & Consulting
—
—
Duvall Wilkinson Props LLC
—
Deed Of Trust
related
$650,000 · Business Development Finance
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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