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Property profile & analytics
FOR LEASE
Schools
850 N 5Th St Phoenix, AZ 85004
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2258662
For Lease
1 / 5
Contact for pricing
850 N 5Th St, Phoenix, AZ 85004
View Listing →
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2020
Total area
244,986 SF
Lot
1.03 ac (44,997 SF)
Zoning code
DTC-BIO
APN
111-44-146B
UPID
US07-2258662
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
-
Theriome Medical Supply Store
-
850 North Fifth Street Parking Parking Lot & Garage
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
ElectraTect Inc. Research And Product Development Service Establishment
-
850 N 5th street Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$99.94M
Blend (final)
Blend
$98.90M
Owner & transaction history
Phoenix Biomedical Campus Phase I O · 4 yrs held
Phoenix Biomedical Campus Phase I O
since 2021
1 recorded transaction
Zoning & alternative use
DTC-BIO · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$130.8M
+85.7%
Auto repair, garage
$103.5M
+46.9%
Office building
$74.0M
+5.1%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$70,455,000
Current use
RESTAURANT
$130,825,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$103,520,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$74,045,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$73,000,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$65,030,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$63,585,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$98.90M
Range $89.01M – $108.78M · ±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
$404 / 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
Assessed value
$12,881,595
Assessed 2024
Previous assessed
$10,831,395
+18.9% YoY
Land market value
$4,499,700
Improvement market value
$81,377,600
Total market value
$85,877,300
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
For Lease
Year built
2020
Heating
NONE
Buildings
2
Stories
7
Units
2
Total area
244,986 SF
Lot
1.03 ac (44,997 SF)
Zoning code
DTC-BIO
APN
111-44-146B
UPID
US07-2258662
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-BIO · Phoenix, AZ
Zoning DTC-BIO · permitted uses
DTC-BIO · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$70.5M
RESTAURANT
Est. value
$130.8M
AUTO REPAIR, GARAGE
Est. value
$103.5M
OFFICE BUILDING
Est. value
$74.0M
RETAIL STORES
Est. value
$73.0M
MEDICAL BUILDING
Est. value
$65.0M
WAREHOUSE, STORAGE
Est. value
$63.6M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2020
Heating
NONE
Stories
7
Buildings
2
Units
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Phoenix Biomedical Campus Phase I O
Individual
Mailing address
251 W WASHINGTON ST FL, PHOENIX, AZ 85003-2295
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
—
Phoenix Biomedical Campus Phase I O
—
Deed
related
$58,852,731 · Wells Fargo Bank NA
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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