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Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Auto shops
5321 27th Ave, Phoenix, AZ 85017-2904
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0804806
Property summary
AI-generated overview
This single-tenant industrial flex space at 5321 N. 27th Ave., Phoenix, AZ 85017, offers 4,800 square feet in a 39,000 square foot lot (0.9 acres). The building, constructed and renovated in 2004, is a Class B, single-story structure with an 18-foot ceiling height and 100 feet of frontage on 27th Ave and Missouri. The property features four large roll-up bay doors, a front office area with two entry doors, and two bathrooms. Wiring is in place for tenant-installed mechanical lifts. The bays benefit from strong evaporative cooling, while the office area has central air conditioning. Ample parking is available with 10+ spaces in front. A prominent monument sign is available for tenant use. The property boasts easy street access and excellent visibility due to its frontage. The zoning is C-3, and the APN is 153-20-016-A. Currently, 2,400 square feet is vacant. This property is ideally suited for businesses in the automotive mechanical submarket.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2004
Construction
CONCRETE
Total area
4,800 SF
Lot
0.9 ac (39,008 SF)
Zoning code
C-3
APN
153-20-016A
UPID
US07-0804806
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
-
Muffler Arizona National Auto Repair Shop
-
Transmission Performance Center Auto Repair Shop
-
AutoMedic Auto Repair Shop
-
Luna AZ Tech LLC Auto Repair Shop
-
Napa Auto Care Center Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.73M
Owner & transaction history
Smrg LLC · 7 yrs held
Smrg LLC
since 2019
6 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+64.8%
Office building
$2.2M
+10.0%
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
AUTO REPAIR, GARAGE
$2,030,000
Current use
COMMERCIAL (GENERAL)
$3,345,000
Change: +65% · Conversion: Moderate
OFFICE BUILDING
$2,230,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$2.73M
Range $2.46M – $3.00M · ±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
$569 / 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
$16,587
Tax year 2023
Assessed value
$252,463
Assessed 2024
Previous assessed
$206,006
+22.6% YoY
Effective rate
6.57%
On assessed value
Land market value
$751,600
Improvement market value
$778,478
Total market value
$1,530,078
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
4,800 SF
Lot
0.9 ac (39,008 SF)
Zoning code
C-3
APN
153-20-016A
UPID
US07-0804806
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZ
Zoning C-3 · permitted uses
C-3 · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
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
2004
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Smrg LLC
Entity
Mailing address
40854 N 108TH WAY, SCOTTSDALE, AZ 85262-3347
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2019
—
Smrg LLC
Harms,raymond E
Warranty Deed
related
—
Jun 3, 2013
—
5321 LLC
Ryan,dennis
Grant Deed
—
May 24, 2013
$442,000
Dennis Ryan
Khan Mohammad J
Grant Deed
—
Apr 23, 2013
—
Mohammad J Khan
Lj 5313 N 27th Ave LLC
Quit Claim Deed
related
—
—
—
Lj 5313 N 27th Ave LLC
—
Deed Of Trust
related
$300,000 · Bank Of Arizona
—
—
Lj 5313 N 27th Ave LLC
—
Deed Of Trust
related
$600,000 · Bank Of America
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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