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Property profile & analytics
OFF-MARKET
Estimated value
$41,425,000
Specialty properties
6131 16th St, Phoenix, AZ 85016-1708
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0749520
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1975
Construction
STEEL FRAME
Total area
2,391 SF
Lot
3.35 ac (145,890 SF)
Zoning code
PAD-14
APN
164-39-349
UPID
US07-0749520
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
-
The Vicinity Apartments Apartment Building
-
Loralee Joy Wedding Photgraphy Wedding Service Photography Service
-
ZEUS TEXIDOR LLC Law Firm
-
Sunrise in Biltmore Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.43M
Owner & transaction history
Vicinity Property LLC · 5 yrs held
Vicinity Property LLC
since 2020
Last sale
$37.5M
7 recorded transactions
Zoning & alternative use
PAD-14 · 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
$49,280,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$41.43M
Range $37.28M – $45.57M · ±10% · vs last sale $37.50M (Nov 10 2020)
Last sale anchor
$37.50M
Nov 10 2020
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
$17,325 / 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
$50
Assessed 2024
Previous assessed
$50
+0.0% YoY
Land market value
$500
Total market value
$500
Applied tax rate
381,300.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,391 SF
Lot
3.35 ac (145,890 SF)
Zoning code
PAD-14
APN
164-39-349
UPID
US07-0749520
Jurisdiction
MARICOPA
Zoning & alternative use
PAD-14 · Phoenix, AZ
Zoning PAD-14 · permitted uses
PAD-14 · 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.
Building & site characteristics
From public records
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
3.35 ac
Current owner
From public records · entity-resolved
Vicinity Property LLC
Entity
Mailing address
6835 E CAMELBACK RD UNIT #1015, SCOTTSDALE, AZ 85251-3161
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2020
$24,150,000
Vicinity Property LLC
Jm Vicinity Property LLC
Special Warranty Deed
—
Sep 4, 2019
—
Jm Emerson LLC
—
Deed
related
$14,650,000 · Firstbank
Jan 31, 2018
$16,000,000
Jm Emerson LLC
Clear Sky Res Properties LP
Grant Deed
$12,000,000 · Firstbank
Apr 19, 2011
$6,250,000
Sky Res Properties LP Clear
Mission Palms LLP
Grant Deed
—
Apr 19, 2011
—
Sky Res Properties LP Clear
Mission Palms LLP
Quit Claim Deed
related
$3,380,000 · Private Lender
Aug 19, 2010
—
Mission Palms LLP
Rundle Investments Ltd
Grant Deed
related
—
Aug 6, 2010
$3,400,000
Mission Palms
Rundle Investments Ltd
Grant Deed
related
—
Mar 23, 2010
$3,600,000
Mission Palms
Rundle Investments Ltd
Grant Deed
—
Jan 24, 1992
$3,300,000
Investmen Rundle
Home Savings Of
Grant Deed
$2,640,000 · Home Savings Of America
Aug 15, 1991
$3,170,000
Home Savings Of
Trustee
Grant Deed
related
—
—
—
Jm Emerson LLC
—
Deed Of Trust
related
$14,650,000 · Firstbank
—
—
Rundle Investments Ltd
—
Deed Of Trust
related
$3,300,000 · Life Investors Insurance
—
—
Rundle Investments Ltd
—
Deed Of Trust
related
$50,000 · 0715085 Bc Ltd
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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