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Property profile & analytics
FOR SALE
Office buildings
7509 N 35Th Ave, Phoenix, AZ 85051
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3122243
For Sale
1 / 34
$1,128,000
7509 N 35Th Ave, Phoenix, AZ 85051
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
CONCRETE
Total area
5,760 SF
Lot
0.45 ac (19,719 SF)
Zoning code
C-O
APN
151-09-007
UPID
US07-3122243
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
-
Terminix Garden Center
-
Terminixbn Sports Field & Court
-
Teca Roofing Systems Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.06M
Owner & transaction history
Hierling Trust · 7 yrs held
Hierling Trust
since 2019
7 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,730,000
Current use
RETAIL STORES
$1,715,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$1,530,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,495,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,465,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$184 / 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
$8,401
Tax year 2023
Assessed value
$100,617
Assessed 2024
Previous assessed
$98,719
+1.9% YoY
Effective rate
8.35%
On assessed value
Land market value
$239,000
Improvement market value
$370,800
Total market value
$609,800
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,760 SF
Lot
0.45 ac (19,719 SF)
Zoning code
C-O
APN
151-09-007
UPID
US07-3122243
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZ
Zoning C-O · permitted uses
C-O · 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
$1.7M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING Current
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Hierling Trust
Trust
Mailing address
218 E GARFIELD AVE, GLENDALE, CA 91205-2104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2019
—
Hierling Trust
Hierling,dianna H
Quit Claim Deed
related
—
Jun 24, 2014
$350,000
Manage Systems LLC
USA Financial Group LLC
Special Warranty Deed
$322,300 · Wells Fargo Bank NA
May 6, 2009
$750,000
USA Finl Grp LLC
Statewide Foreclosure Svc
Trustees Deed
related
—
Feb 9, 2009
—
John Hopkins
Hopkins John Trust
Quit Claim Deed
related
—
Aug 25, 2006
—
Hopkins John Trust
Nu Way Realty
Quit Claim Deed
related
$275,000 · USA Financial Group LLC
Aug 6, 2004
—
Nuway Realty
Key Mortgage Corp
Warranty Deed
related
—
Dec 11, 2003
—
Key Mortgage
Wdh Orangewood INC
Grant Deed
related
$368,000 · Meridian Bank
—
—
Hopkins John Trust
—
Deed Of Trust
related
$850,000 · USA Financial Group LLC
—
—
Wdh Orangewood INC
—
Deed Of Trust
related
$175,000 · Harvey Amwake
—
—
Hopkins John Trust
—
Deed Of Trust
related
$40,000 · Pena Louis R JR & N L Tr (tr)
—
—
Jad Realty INC
—
Deed Of Trust
related
$368,000 · Michael A Cardwell
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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