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Property profile & analytics
OFF-MARKET
Estimated value
$9,100,000
Schools
600 Van Buren St Phoenix, AZ 85004-2222
Individually Owned
Free & Clear
Property ID
US07-2565942
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1911
Construction
CONCRETE
Total area
22,548 SF
Lot
12.22 ac (532,323 SF)
Zoning code
DTC-BIO
APN
111-46-154
UPID
US07-2565942
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
-
Websrefresh Marketing & Advertising
-
University of Arizona College of Medicine Phoenix Auditorium Theater & Performing Art Venue Music Venue
-
City Center Downtown Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.20M
Blend (final)
Blend
$9.10M
Owner & transaction history
PHOENIX CITY · 1 yrs held
PHOENIX CITY
since 2025
1 recorded transaction
Zoning & alternative use
DTC-BIO · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.0M
+85.7%
Auto repair, garage
$9.5M
+46.9%
Office building
$6.8M
+5.1%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$6,485,000
Current use
RESTAURANT
$12,040,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,530,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$6,815,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$6,720,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$5,985,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,850,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±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
$404 / 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
$41,543,550
Assessed 2024
Previous assessed
$34,524,735
+20.3% YoY
Land market value
$50,570,600
Improvement market value
$226,386,400
Total market value
$276,957,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1911
Construction
CONCRETE
Heating
NONE
Buildings
7
Stories
3
Units
7
Total area
22,548 SF
Lot
12.22 ac (532,323 SF)
Zoning code
DTC-BIO
APN
111-46-154
UPID
US07-2565942
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-BIO · Phoenix, AZ
Zoning DTC-BIO · permitted uses
DTC-BIO · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$6.5M
RESTAURANT
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$9.5M
OFFICE BUILDING
Est. value
$6.8M
RETAIL STORES
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$6.0M
WAREHOUSE, STORAGE
Est. value
$5.9M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
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
1911
Construction
CONCRETE
Heating
NONE
Stories
3
Buildings
7
Units
7
Lot
12.22 ac
Current owner
From public records · entity-resolved
PHOENIX CITY
Individual
Free & Clear · 1 yrs held
Mailing address
251 W WASHINGTON ST FL, PHOENIX, AZ 85003-2295
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
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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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