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Property profile & analytics
OFF-MARKET
Estimated value
$19,530,000
Warehouses
6316 7th St Phoenix, AZ 85014-1549
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2344972
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
79,426 SF
Lot
1.92 ac (83,804 SF)
Zoning code
C-2
APN
161-18-027D
UPID
US07-2344972
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.28M
Comparable Approach
Comparable
$21.56M
Blend (final)
Blend
$19.53M
Owner & transaction history
7th Street Self Storage LLC · 4 yrs held
7th Street Self Storage LLC
since 2021
Last sale
$17.5M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Top alternative use upside
Retail stores
$23.7M
+14.8%
Medical building
$21.1M
+2.3%
Office building
$21.0M
+1.8%
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
$20,140,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,300,000
6.5%
$12,275,000
7%
$11,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,615,000
Current use
RETAIL STORES
$23,665,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$21,085,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$20,980,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,215,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$19.53M
Range $17.58M – $21.48M · ±10% · vs last sale $17.50M (Sep 14 2021)
Last sale anchor
$17.50M
Sep 14 2021
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
$246 / 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
$162,222
Tax year 2023
Assessed value
$1,803,863
Assessed 2024
Previous assessed
$1,725,823
+4.5% YoY
Effective rate
8.99%
On assessed value
Land market value
$1,744,000
Improvement market value
$9,188,500
Total market value
$10,932,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Buildings
2
Stories
2
Total area
79,426 SF
Lot
1.92 ac (83,804 SF)
Zoning code
C-2
APN
161-18-027D
UPID
US07-2344972
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZZoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$20.6M
RETAIL STORES
Est. value
$23.7M
MEDICAL BUILDING
Est. value
$21.1M
OFFICE BUILDING
Est. value
$21.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2021
Heating
NONE
Stories
2
Buildings
2
Lot
1.92 ac
Current owner
From public records · entity-resolved
7th Street Self Storage LLC
Entity
Mailing address
802 N 3RD AVE, PHOENIX, AZ 85003-1409
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2021
$17,499,800
7th Street Self Storage LLC
Uptown 7th Storage LLC
Special Warranty Deed
$14,100,000 · Enterprise Bank & Trust
Sep 14, 2021
—
7th Street Self Storage LLC
Wpc 7th Street Storage LLC
Intrafamily Transfer
related
—
Jan 31, 2020
—
Uptown 7th LLC
Uptown 7th LLC
Intrafamily Transfer
related
$9,000,000 · Parkway Bank & Trust Co
Oct 5, 2018
$2,500,000
Uptown7th LLC
Michael F Livi Zunick
Grant Deed
—
Aug 21, 2017
—
Zunick,michael F Living Trust
Michael F Zunick
Quit Claim Deed
related
—
Oct 8, 2015
—
K Hovnanian Great Wstn Hms LLC
Michael Zunick
Grant Deed
related
—
Sep 8, 2015
—
Michael F Zunick
Lisa A Hendrickson
Quit Claim Deed
related
—
Sep 1, 2015
—
Michael F Zunick
Emma A P Zunick
Quit Claim Deed
related
—
Aug 17, 2015
—
Michael F Zunick
Pollay Living Trust
Correction Deed
related
—
Nov 17, 2010
—
Zunick,michael F
Pollay Living Trust
Grant Deed
—
Oct 21, 2010
—
Zunick,michael F
Frances E Shaeffer
Grant Deed
—
Dec 12, 2006
—
Zunick,michael F
Anne Z Esser
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.
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