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Property profile & analytics
OFF-MARKET
Estimated value
$2,820,000
Bars & Pubs
5151 Washington St Phoenix, AZ 85034-2007
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US07-0156235
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1993
Construction
CONCRETE
Total area
7,605 SF
Lot
1.47 ac (64,212 SF)
Zoning code
A-2
APN
124-11-003W
UPID
US07-0156235
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
-
Shakti dance service Theater & Performing Art Venue Nightclub
-
Le Girls Gentlemen's Club Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.82M
Owner & transaction history
City Of Phoenix · 20 yrs held
City Of Phoenix
since 2005
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.5M
+10.3%
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
RESTAURANT
$4,060,000
Current use
OFFICE BUILDING
$4,480,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$2.82M
Range $2.54M – $3.10M · ±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
$371 / 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
$30,216
Tax year 2023
Assessed value
$307,895
Assessed 2024
Previous assessed
$271,524
+13.4% YoY
Effective rate
9.81%
On assessed value
Land market value
$894,100
Improvement market value
$971,929
Total market value
$1,866,029
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
7,605 SF
Lot
1.47 ac (64,212 SF)
Zoning code
A-2
APN
124-11-003W
UPID
US07-0156235
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$4.1M
OFFICE BUILDING
Est. value
$4.5M
RESTAURANT Current
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
1993
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
City Of Phoenix
Entity
Mailing address
5151 E WASHINGTON ST, PHOENIX, AZ 85034-2007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Sep 6, 2019
—
Cja Phoenix LLC
—
Deed
related
$500,000 · Mercantile Capital INC
Jul 29, 2019
—
Cja Phoenix LLC
—
Deed
related
$653,500 · Western State Bank
Jan 30, 2017
—
Cja Phoenix LLC
—
Deed
related
—
Dec 10, 2014
—
Cja Phoenix LLC
—
Trustees Deed
related
$200,000 · Western St Bk
Aug 5, 2005
—
City Of Phoenix
Cja Phoenix LLC
Warranty Deed
—
Sep 1, 1998
$205,000
Ddh Properties INC
Malcolm,carol
Grant Deed
$100,000 · Rocky Mountain Bank
Mar 11, 1997
—
Carol Malcolm
Mark Barnoli
Grant Deed
related
—
Nov 27, 1996
$150,000
Mark Barnoli
Gregory J Anderson
Grant Deed
$120,000 · Omaha State Bank
Sep 1, 1995
—
Gregory J Anderson
Vance Anderson
Quit Claim Deed
related
—
Oct 26, 1994
—
James Crane
Anderson
Quit Claim Deed
related
—
—
—
Cja Phoenix LLC
—
Loan Modification
related
—
—
—
Cja Phoenix LLC
—
Loan Modification
related
—
—
—
Cja Phoenix LLC
—
Loan Modification
related
—
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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