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Property profile & analytics
OFF-MARKET
Estimated value
$27,000,000
Theaters & concert halls
565 3rd St Phoenix, AZ 85004-2136
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0963163
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1997
Construction
CONCRETE
Total area
87,040 SF
Lot
2.71 ac (118,265 SF)
Zoning code
DTC-BCORE
APN
111-46-146
UPID
US07-0963163
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
-
AMC Arizona Center 24 Cinema Theater & Performing Art Venue
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Starbucks Cafe & Coffee Shop
-
Online Travel Agent Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.00M
Owner & transaction history
Cfd3 Oz LLC · 2 yrs held
Cfd3 Oz LLC
since 2023
Last sale
$27.0M
4 recorded transactions
Zoning & alternative use
DTC-BCORE · 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
$30,965,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$43,480,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$42,675,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$35,125,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$26,310,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$25,540,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$22,440,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$21,960,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$27.00M
Range $24.30M – $29.70M · ±10% · vs last sale $27.00M (Nov 3 2023)
Last sale anchor
$27.00M
Nov 3 2023
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
$310 / 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
$401,605
Tax year 2023
Assessed value
$3,896,855
Assessed 2024
Previous assessed
$3,276,750
+18.9% YoY
Effective rate
10.31%
On assessed value
Land market value
$11,235,100
Improvement market value
$12,382,200
Total market value
$23,617,300
Applied tax rate
11,301.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
87,040 SF
Lot
2.71 ac (118,265 SF)
Zoning code
DTC-BCORE
APN
111-46-146
UPID
US07-0963163
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-BCORE · Phoenix, AZ
Zoning DTC-BCORE · permitted uses
DTC-BCORE · 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
Est. value
$43.5M
COMMERCIAL (GENERAL)
Est. value
$42.7M
AUTO REPAIR, GARAGE
Est. value
$35.1M
OFFICE BUILDING
Est. value
$26.3M
RETAIL STORES
Est. value
$25.5M
MEDICAL BUILDING
Est. value
$22.4M
WAREHOUSE, STORAGE
Est. value
$22.0M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Cfd3 Oz LLC
Entity
Mailing address
1017 N CENTRAL AVE, PHOENIX, AZ 85004-1939
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2023
$27,000,000
Cfd3 Oz LLC
Agp Arizona Center Owner LLC
Special Warranty Deed
$20,000,000 · Spt Real Estate Capital LLC
Dec 18, 2015
$126,000,000
Agp Arizona Center Owner LLC
Hub Properties Trust
Special Warranty Deed
—
Mar 9, 2011
$3,000,000
Hub Properties Trust
Arizona Center Cinema LLC
Grant Deed
—
Mar 9, 2011
—
Arizona Center Cinema LLC
City Of Phoenix Arizona
Quit Claim Deed
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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