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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Warehouses
714 Mitchell Dr Phoenix, AZ 85014
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3363335
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1984
Construction
STEEL FRAME
Total area
3,780 SF
Lot
0.47 ac (20,263 SF)
Zoning code
P-1
APN
118-19-100A
UPID
US07-3363335
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
$1.02M
Blend (final)
Blend
$1.01M
Owner & transaction history
702 East Osborn LLC · 6 yrs held
702 East Osborn LLC
since 2020
7 recorded transactions
Zoning & alternative use
P-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended that the P-1 District will provide necessary off-street parking in appropriate locations for nonresidential uses located near residential districts
Zone name
Passenger Automobile Parking
General category
RESIDENTIAL
Zone area
318.48 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.6M
+62.8%
Retail stores
$1.1M
+14.8%
Medical building
$1.0M
+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
$980,000
Current use
AUTO REPAIR, GARAGE
$1,595,000
Change: +63% · Conversion: Easy
RETAIL STORES
$1,125,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$1,005,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,000,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$266 / 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
$6,284
Tax year 2023
Assessed value
$85,475
Assessed 2024
Previous assessed
$70,601
+21.1% YoY
Effective rate
7.35%
On assessed value
Land market value
$466,700
Improvement market value
$51,328
Total market value
$518,028
Applied tax rate
81,300.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
3,780 SF
Lot
0.47 ac (20,263 SF)
Zoning code
P-1
APN
118-19-100A
UPID
US07-3363335
Jurisdiction
MARICOPA
Zoning & alternative use
P-1 · Phoenix, AZZoning P-1 · permitted uses
P-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended that the P-1 District will provide necessary off-street parking in appropriate locations for nonresidential uses located near residential districts
Zone name
Passenger Automobile Parking
General category
RESIDENTIAL
Zone area
318.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1984
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
702 East Osborn LLC
Entity
Mailing address
7243 N CENTRAL AVE, PHOENIX, AZ 85020-4850
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
702 East Osborn LLC
—
Deed
related
$4,595,000 · Pinnacle Bank
May 8, 2020
—
702 East Osborn LLC
Accelerated Capital Growth LLC
Re-recorded Document
related
—
Dec 16, 2019
$5,300,000
702 East Osborn LLC
Accelerated Capital Growth LLC
Special Warranty Deed
$6,640,000 · Firstbank
Jul 17, 2018
—
Accelerated Capital Growth LLC
—
Deed
related
$409,287 · First Bk
Feb 9, 2009
—
Levine Investments
Levine Investments
Quit Claim Deed
—
Dec 23, 2008
—
Levine Investments
—
Deed Of Trust
related
$15,000,000 · Alliance Bank Of Arizona
Aug 22, 2008
—
Levine Investments
Pacific Biltmore 702 LLC
Grant Deed
related
—
Mar 19, 2007
$3,450,000
Pacific Biltmore 702 LLC
Biltmore Holdings LLC
Grant Deed
related
—
Mar 16, 2007
$3,450,000
Biltmore Holdings LLC
Kbs Phoenix IV LLC
Grant Deed
related
—
Feb 29, 1996
$1,950,000
Denali National Trust INC
American Insurance Co
Grant Deed
$1,950,000 · Meridian On Sand Key Ltd
—
—
Accelerated Capital Growth LLC
—
Loan Modification
related
$409,287 · First Bk
—
—
Denali National Trust INC
—
Deed Of Trust
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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