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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Individual retail properties
6808 23rd Ave Phoenix, AZ 85015-1045
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1255129
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1979
Construction
CONCRETE
Total area
3,817 SF
Lot
0.4 ac (17,497 SF)
Zoning code
R-3
APN
156-08-044
UPID
US07-1255129
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
6808 N 23rd Ave LLC · 5 yrs held
6808 N 23rd Ave LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
R-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of R-3 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes
Zone name
Multifamily Residence
General category
RESIDENTIAL
Zone area
10,766.74 ac
Source
Realmo
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
$1,445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.10M (Dec 18 2020)
Last sale anchor
$1.10M
Dec 18 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
$318 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,610
Tax year 2022
Assessed value
$78,670
Assessed 2024
Previous assessed
$56,770
+38.6% YoY
Effective rate
2.05%
On assessed value
Land market value
$157,300
Improvement market value
$629,400
Total market value
$786,700
Applied tax rate
61,300.0000
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Buildings
7
Stories
1
Units
6
Total area
3,817 SF
Lot
0.4 ac (17,497 SF)
Zoning code
R-3
APN
156-08-044
UPID
US07-1255129
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Phoenix, AZZoning R-3 · permitted uses
R-3 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of R-3 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes
Zone name
Multifamily Residence
General category
RESIDENTIAL
Zone area
10,766.74 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
7
Units
6
Lot
0.4 ac
Current owner
From public records · entity-resolved
6808 N 23rd Ave LLC
Entity
Mailing address
421 W 3RD ST APT #1813, AUSTIN, TX 78701-4175
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
Dec 18, 2020
$1,100,000
6808 N 23rd Ave LLC
6806 N 23rd Ave Phoenix Az LLC
Special Warranty Deed
$975,000 · Firstbank
Mar 14, 2017
$760,000
6806 N 23rd Ave Phoenix Az
Armando Gomez Ents LLC
Grant Deed
$570,000 · Bank Of The West
Feb 26, 2016
—
Armando Gomez Ents LLC
Gomez,armando & Carmen J
Quit Claim Deed
—
Jul 23, 2014
$400,000
Armando Gomez
Lili Rubin Investment Properties Ll
Special Warranty Deed
$280,000 · Western State Bank
Mar 27, 2013
$316,000
Paying Cash For Houses Com LLC
Ghidotti-gonsalves Michel
Trustees Deed
$160,000 · Fanello Robert P Trust (pt)
Mar 8, 2013
—
Lili Rubin Inv Props LLC
Paying Cash For Houses Com LLC
Grant Deed
related
—
Oct 28, 2010
—
Tran Josephine Living Trust
Tran,josephine
Quit Claim Deed
related
—
Jan 24, 2006
$600,000
Josephine B Tran
Stewart Family Trust
Warranty Deed
$400,000 · Stewart Family Trust (tr)
Feb 16, 2005
—
Stewart Trust
Stewart,rodney T & Lissa R
Quit Claim Deed
related
—
Jan 22, 1993
$81,600
Rodney T Stewart
Wells Fargo Cred
Grant Deed
$80,000 · Cattlemens Mortgage
Jul 29, 1992
$97,400
Wells Fargo Credit Corp
Carl
Grant Deed
related
—
—
—
Paying Cash For Houses Com LLC
—
Deed Of Trust
related
$250,000 · Rls Capital INC
—
—
Lili Rubin Inv Props LLC
—
Deed Of Trust
related
$375,000 · Densco Investment Corp
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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