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Property profile & analytics
FOR LEASE
Office buildings
6811 East Mayo Blvd, Phoenix, AZ 85054
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-1105228
For Lease
1 / 2
Contact for pricing
6811 East Mayo Blvd, Phoenix, AZ 85054
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
163,122 SF
Lot
8.7 ac (379,151 SF)
Zoning code
C-2
APN
215-09-021D
UPID
US07-1105228
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
$67.85M
Blend (final)
Blend
$67.36M
Owner & transaction history
Ax Nscc LP · 12 yrs held
Ax Nscc LP
since 2013
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$87.1M
+78.0%
Auto repair, garage
$68.9M
+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
$48,955,000
Current use
RESTAURANT
$87,110,000
Change: +78% · Conversion: Moderate
AUTO REPAIR, GARAGE
$68,925,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$48,605,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$43,300,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$42,335,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$41,520,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$67.36M
Range $60.62M – $74.09M · ±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
$413 / 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
$524,216
Tax year 2023
Assessed value
$6,407,227
Assessed 2024
Previous assessed
$6,241,448
+2.7% YoY
Effective rate
8.18%
On assessed value
Land market value
$8,075,100
Improvement market value
$30,756,578
Total market value
$38,831,678
Applied tax rate
691,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 Lease
Year built
2007
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
4
Total area
163,122 SF
Lot
8.7 ac (379,151 SF)
Zoning code
C-2
APN
215-09-021D
UPID
US07-1105228
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning 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
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$49.0M
RESTAURANT
Est. value
$87.1M
AUTO REPAIR, GARAGE
Est. value
$68.9M
RETAIL STORES
Est. value
$48.6M
MEDICAL BUILDING
Est. value
$43.3M
WAREHOUSE, STORAGE
Est. value
$42.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.5M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Lot
8.7 ac
Current owner
From public records · entity-resolved
Ax Nscc LP
Entity
Mailing address
16220 N SCOTTSDALE RD STE #280, SCOTTSDALE, AZ 85254-1794
Ownership since
2013
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
Dec 31, 2018
—
Ax Nscc LP
—
Deed
related
$21,230,000 · Us Bk
Sep 11, 2013
$38,600,000
Ax Nscc LP
Mg Mayo Boulevard II LLC
Special Warranty Deed
$21,230,000 · Us Bank NA
Nov 16, 2009
—
Mg-mayo Boulevard II LLC
—
Deed Of Trust
related
$36,409,900 · Westdeutsche Immobilienbank
Dec 20, 2007
$35,174,670
Mg-mayo Boulevard II LLC
Opus West Corp
Deed Of Trust
$34,210,000 · Westdeutsche Immobilienbank
Dec 19, 2006
$2,654,001
Westranch Land Co
Chauncey Family
Grant Deed
—
Dec 19, 2006
$4,422,323
Opus West Corp
Westranch Land
Grant Deed
$30,600,000 · Bank Of America
—
—
Ax Nscc LP
—
Loan Modification
related
$21,230,000 · Us Bk
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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