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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Office buildings
821 5th Ave, Phoenix, AZ 85003-1315
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2650631
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Construction
FRAME
Total area
1,815 SF
Lot
0.24 ac (10,503 SF)
Zoning code
DTC-S-ROO
APN
111-39-102C
UPID
US07-2650631
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
-
Arizona Bleeding Disorders Health and Wellness Center Medical Clinic
-
Inspired Real Estate Life Real Estate Agency
-
Katie Fear - Inspired Real Estate Life Real Estate Agency
-
Kimberly Deaton, Realtor® with Inspired Real Estate Life Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$958k
Blend (final)
Blend
$955k
Owner & transaction history
Fear Holdings LLC · 4 yrs held
Fear Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
DTC-S-ROO · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+165.0%
Auto repair, garage
$765,000
+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
COMMERCIAL (GENERAL)
$1,445,000
Change: +165% · Conversion: Easy
AUTO REPAIR, GARAGE
$765,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$526 / 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
$4,938
Tax year 2023
Assessed value
$115,005
Assessed 2024
Previous assessed
$115,005
+0.0% YoY
Effective rate
4.29%
On assessed value
Land market value
$542,200
Improvement market value
$154,801
Total market value
$697,001
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1928
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
6
Bathrooms
2
Total area
1,815 SF
Lot
0.24 ac (10,503 SF)
Zoning code
DTC-S-ROO
APN
111-39-102C
UPID
US07-2650631
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-S-ROO · Phoenix, AZ
Zoning DTC-S-ROO · permitted uses
DTC-S-ROO · 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
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$765,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1928
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Fear Holdings LLC
Entity
Mailing address
19733 W CAMPBELL AVE, LITCHFIELD PARK, AZ 85340-7401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 26, 2022
—
Fear Holdings LLC
Arizona Hemophilia Association INC
Re-recorded Document
related
$681,750 · Midfirst Bank
Apr 15, 2022
$657,500
Fear Holdings LLC
Arizona Hemophilia Association INC
Warranty Deed
$681,750 · Midfirst Bank
Oct 6, 2017
—
Arizona Hemophilla Association INC
—
Deed
related
$990,270 · First Western Trust Bank
Nov 26, 2013
$299,000
Arizona Hemophilia Association INC
Durkin Properties LLC
Special Warranty Deed
$225,000 · Wells Fargo Financial National Bank
Apr 10, 2009
$273,000
Durkin Properties LLC
Scott Mertens
Warranty Deed
$218,500 · Wells Fargo Bank NA
Nov 21, 2008
—
821 N 5th Ave Family Trust
Mertens,scott
Warranty Deed
related
—
Jun 30, 2005
$469,900
Scott Mertens
Richard F Cooley
Warranty Deed
$359,650 · First Horizon Home Loan 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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