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Property profile & analytics
FOR SALE
Office buildings
621 N 5Th Ave, Phoenix, AZ 85003
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1447574
For Sale
1 / 4
$887,000
621 N 5Th Ave, Phoenix, AZ 85003
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1909
Construction
CONCRETE
Total area
1,912 SF
Lot
0.2 ac (8,750 SF)
Zoning code
DTC-S-ROO
APN
111-39-028
UPID
US07-1447574
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
-
Strategies 360 Marketing & Advertising Advertising Agency
-
Grand Canyon Law Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$925k
Owner & transaction history
Gclg Holdings LLC · 3 yrs held
Gclg Holdings LLC
since 2022
Last sale
$849,000
7 recorded transactions
Zoning & alternative use
DTC-S-ROO · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+165.0%
Auto repair, garage
$810,000
+40.8%
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
OFFICE BUILDING
$575,000
Current use
COMMERCIAL (GENERAL)
$1,520,000
Change: +165% · Conversion: Easy
AUTO REPAIR, GARAGE
$810,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$570,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $849k (Feb 26 2026)
Last sale anchor
$849k
Feb 26 2026
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
$484 / 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
$9,088
Tax year 2023
Assessed value
$104,858
Assessed 2024
Previous assessed
$90,015
+16.5% YoY
Effective rate
8.67%
On assessed value
Land market value
$446,300
Improvement market value
$189,200
Total market value
$635,500
Applied tax rate
11,300.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1909
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
1,912 SF
Lot
0.2 ac (8,750 SF)
Zoning code
DTC-S-ROO
APN
111-39-028
UPID
US07-1447574
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-S-ROO · Phoenix, AZ
Zoning DTC-S-ROO · permitted uses
DTC-S-ROO · 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
OFFICE BUILDING Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$810,000
RETAIL STORES
Est. value
$570,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1909
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Gclg Holdings LLC
Entity
Mailing address
1930 E BROWN RD STE #102, MESA, AZ 85203-5106
Ownership since
2022
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
Nov 29, 2022
—
Gclg Holdings LLC
Grand Canyon Law Group LLC
Special Warranty Deed
$257,000 · The Mortgage Capital Development Corp
Apr 4, 2022
$700,000
Grand Canyon Law Group LLC
Morin House LLC
Special Warranty Deed
$377,310 · Gateway Commercial Bank
Jun 29, 2007
$300,000
Morin House LLC
Cagen Trust
Warranty Deed
$270,000 · Cagen Trust (tr)
Aug 22, 2005
—
Cagen Trust
Cagen,burton
Quit Claim Deed
related
—
Dec 8, 1995
$5,700
Burton Cagen
Nab Venture III L P
Grant Deed
—
May 12, 1995
$7,500
Asset Venture P Nab III
Arizona Escrow & Title
Trustees Deed
related
—
Jun 24, 1988
$74,000
Arizona Escrow
Golde
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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