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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Warehouses
636 Pierce St Phoenix, AZ 85004-2058
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-0393271
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1926
Construction
CONCRETE
Total area
5,360 SF
Lot
0.12 ac (5,358 SF)
Zoning code
DTC-BIO
APN
111-44-115
UPID
US07-0393271
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
-
Space 55 Theatre Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.15M
Owner & transaction history
University Of Arizona · 8 yrs held
University Of Arizona
since 2017
4 recorded transactions
Zoning & alternative use
DTC-BIO · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Biomed character area which is home to the biomedical campus, should be a lively urban district with medical workers, researchers, and students
Zone name
Downtown Code Biomed
General category
COMMERCIAL
Zone area
53.22 ac
Source
Realmo
Top alternative use upside
Office building
$1.6M
+16.5%
Retail stores
$1.6M
+14.8%
Medical building
$1.4M
+2.3%
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
WAREHOUSE, STORAGE
$1,390,000
Current use
OFFICE BUILDING
$1,620,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,595,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$1,425,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,365,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±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
$215 / 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
$97,691
Assessed 2024
Previous assessed
$80,145
+21.9% YoY
Land market value
$535,800
Improvement market value
$115,476
Total market value
$651,276
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1926
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,360 SF
Lot
0.12 ac (5,358 SF)
Zoning code
DTC-BIO
APN
111-44-115
UPID
US07-0393271
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-BIO · Phoenix, AZZoning 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
Zoning description
The Biomed character area which is home to the biomedical campus, should be a lively urban district with medical workers, researchers, and students
Zone name
Downtown Code Biomed
General category
COMMERCIAL
Zone area
53.22 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
MEDICAL 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
1926
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
University Of Arizona
Individual
Mailing address
PO BOX 210300, TUCSON, AZ 85721-0001
Ownership since
2017
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
Sep 18, 2017
—
University Of Arizona
Barnett,shelly
Grant Deed
—
Apr 1, 2015
—
Shelly Barnett
Phaze II Holdings LLC
Quit Claim Deed
—
Feb 27, 2003
—
Phaze II Holdings LLC
Chebre Holdings LLC
Quit Claim Deed
related
—
Dec 7, 2001
$75,000
Chebre Holdings LLC
Grill,arlo L & Mary J
Grant 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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