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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
5202 22nd Ave Phoenix, AZ 85015-2814
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US07-0406497
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1939
Construction
CONCRETE
Total area
2,100 SF
Lot
0.53 ac (23,055 SF)
Zoning code
R1-6
APN
153-22-106A
UPID
US07-0406497
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
-
Christian Hope Church Mosque
-
F and C at Home Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$545k
Owner & transaction history
Christian Hope Ministries Internati · 16 yrs held
Christian Hope Ministries Internati
since 2010
7 recorded transactions
Zoning & alternative use
R1-6 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$885,000
+62.8%
Retail stores
$625,000
+14.8%
Medical building
$555,000
+2.3%
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
WAREHOUSE, STORAGE
$545,000
Current use
AUTO REPAIR, GARAGE
$885,000
Change: +63% · Conversion: Easy
RETAIL STORES
$625,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$555,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$535,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$260 / 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
Assessed value
$46,241
Assessed 2024
Previous assessed
$38,265
+20.8% YoY
Land market value
$180,400
Improvement market value
$127,875
Total market value
$308,275
Applied tax rate
681,300.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1939
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
2,100 SF
Lot
0.53 ac (23,055 SF)
Zoning code
R1-6
APN
153-22-106A
UPID
US07-0406497
Jurisdiction
MARICOPA
Zoning & alternative use
R1-6 · Phoenix, AZ
Zoning R1-6 · permitted uses
R1-6 · 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
WAREHOUSE, STORAGE Current
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$885,000
RETAIL STORES
Est. value
$625,000
MEDICAL BUILDING
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$535,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1939
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Christian Hope Ministries Internati
Individual
Mailing address
5202 N 22ND AVE, PHOENIX, AZ 85015-2814
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2010
$146,000
Christian Hope Ministries Internati
Frederick L Pettersen
Warranty Deed
$110,000 · Jpmorgan Chase Bank NA
Jul 25, 2008
—
Frederick L Pettersen
Meyer,scott J
Quit Claim Deed
related
—
May 16, 2008
—
Scott Meyers
Lars Southwest LLC
Quit Claim Deed
related
—
Dec 14, 2007
$120,000
Lars Southwest LLC
Lama Construction INC
Quit Claim Deed
—
Dec 10, 2003
$17,500
Lama Construction INC
Arizona Redevelopment Partners
Grant Deed
—
Dec 5, 2003
—
Az Redevelopment Ptshp INC
Stenson,tr
Quit Claim Deed
related
—
Jun 30, 2000
—
Stenson Trust
Stenson,j E
Quit Claim Deed
related
—
Sep 1, 1987
—
Joseph E Stenson
—
Deed Of Trust
related
—
—
—
Fred Pettersen
—
Deed Of Trust
related
$50,000 · Ernst Herbert O B Trust (pt)
—
—
Christian Hope Ministries Int
—
Deed Of Trust
related
$75,000 · Frederick Pettersen
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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