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Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Flex space
5235 39th St Phoenix, AZ 85040-9008
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US07-0326802
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1984
Construction
CONCRETE
Total area
5,120 SF
Lot
0.62 ac (26,790 SF)
Zoning code
IND.PK.
APN
122-76-087
UPID
US07-0326802
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
-
Imaging Technology Solutions Big Box & Wholesale Store
-
Naya Energy (Bike/Boat/Book/etc) Store Corporate Office
-
United Car Transport Phoenix Trucking Company
-
Acura Engineering Arizona Llc Cars Construction
-
Akida Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.83M
Owner & transaction history
V-gen II LLC · 22 yrs held
V-gen II LLC
since 2004
7 recorded transactions
Zoning & alternative use
IND.PK. · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+130.7%
Restaurant
$2.7M
+117.3%
Commercial (general)
$2.7M
+111.7%
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
INDUSTRIAL (GENERAL)
$1,260,000
Current use
OFFICE BUILDING
$2,900,000
Change: +131% · Conversion: Difficult
RESTAURANT
$2,735,000
Change: +117% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,665,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,165,000
Change: +72% · Conversion: Easy
RETAIL STORES
$1,525,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,380,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$1,360,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±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
$357 / 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
$18,037
Tax year 2023
Assessed value
$208,065
Assessed 2024
Previous assessed
$165,699
+25.6% YoY
Effective rate
8.67%
On assessed value
Land market value
$239,000
Improvement market value
$1,022,000
Total market value
$1,261,000
Applied tax rate
661,300.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
1
Units
2
Total area
5,120 SF
Lot
0.62 ac (26,790 SF)
Zoning code
IND.PK.
APN
122-76-087
UPID
US07-0326802
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Phoenix, AZ
Zoning IND.PK. · permitted uses
IND.PK. · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$2.9M
RESTAURANT
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL 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
1984
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
V-gen II LLC
Entity
Mailing address
6610 E MEADOWLARK LN, PARADISE VALLEY, AZ 85253-3621
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2006
—
V-gen II LLC
—
Deed Of Trust
related
$2,500,000 · Biltmore Bank Of Arizona
Nov 10, 2005
—
V-gen II LLC
—
Deed Of Trust
related
$2,500,000 · Wells Fargo Bank
Mar 22, 2004
—
V-gen II LLC
V-gen LLC
Quit Claim Deed
related
—
May 15, 2002
—
V-gen LLC
—
Deed Of Trust
related
$1,000,000 · Ksimet Family LP
Nov 16, 2001
$1,240,000
V-gen LLC
Keystone Properties
Grant Deed
$930,000 · Wells Fargo Bank Arizona
Nov 30, 1990
$410,000
Keystone Propert
C & R Investment
Grant Deed
$300,000 · Standard Insurance Co
—
—
V-gen LLC
—
Deed Of Trust
related
$1,000,000 · Kismet Family LP
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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