Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Retail space
901 1st St Phoenix, AZ 85004-2140
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-0384750
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
STEEL FRAME
Total area
1,920 SF
Lot
0.16 ac (7,000 SF)
Zoning code
DTC-W-EV
APN
111-43-030
UPID
US07-0384750
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
-
The Brill Line Bar & Pub
-
Freak Brothers Pizza Restaurant
-
Cayla Gray Cosmetic Store
-
The Scookie Bar Restaurant
-
Lōco Style Grindz Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.05M
Owner & transaction history
The Churchill LLC · 8 yrs held
The Churchill LLC
since 2017
7 recorded transactions
Zoning & alternative use
DTC-W-EV · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The primary intent of the Evans Churchill West character area is to serve as a transition between the mixed-use neighborhoods to the north and east, the Downtown Gateway Corridor to the west, and the Biomed Cluster to the south
Zone name
Downtown Code Evans Churchill West
General category
MIXED_USE
Zone area
74.41 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.5M
+153.3%
Auto repair, garage
$810,000
+41.8%
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)
$1,450,000
Change: +153% · Conversion: Easy
AUTO REPAIR, GARAGE
$810,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±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
$547 / 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
$26,177
Tax year 2023
Assessed value
$313,055
Assessed 2024
Previous assessed
$268,804
+16.5% YoY
Effective rate
8.36%
On assessed value
Land market value
$700,000
Improvement market value
$1,197,300
Total market value
$1,897,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Buildings
9
Stories
2
Units
7
Total area
1,920 SF
Lot
0.16 ac (7,000 SF)
Zoning code
DTC-W-EV
APN
111-43-030
UPID
US07-0384750
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-W-EV · Phoenix, AZZoning DTC-W-EV · permitted uses
DTC-W-EV · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The primary intent of the Evans Churchill West character area is to serve as a transition between the mixed-use neighborhoods to the north and east, the Downtown Gateway Corridor to the west, and the Biomed Cluster to the south
Zone name
Downtown Code Evans Churchill West
General category
MIXED_USE
Zone area
74.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$810,000
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
2018
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
9
Units
7
Lot
0.16 ac
Current owner
From public records · entity-resolved
The Churchill LLC
Entity
Mailing address
2257 N 16TH AVE, PHOENIX, AZ 85007-1408
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
—
The Churchill LLC
—
Deed
related
$25,000 · Bnc National Bank
Nov 17, 2017
$840,360
The Churchill LLC
Eq First And Garfield LLC
Special Warranty Deed
$2,072,800 · Bnc National Bank
Apr 6, 2015
$787,500
Eq First & Garfield LLC
Reholding 1 LLC
Grant Deed
—
Aug 21, 2014
$350,000
Reholding 1 LLC
Reed,living Trust
Grant Deed
$420,000 · Richard L Gordon En Pp/tr (ct)
Apr 16, 2008
—
Reed Living Trust
Reed Living Trust
Quit Claim Deed
related
—
Apr 30, 2002
—
Carlos V Greth
Thomason,farrell A & Marjorie V
Grant Deed
related
—
Jun 29, 2001
$210,000
Reed Trust
Carmody,thoms
Grant Deed
—
Jun 4, 2001
$950,000
Thomas Carmody
T W D R & Properties
Grant Deed
$741,000 · T W D R & Properties
—
—
Paula Varholdt
—
Deed Of Trust
related
—
—
—
Reholding 1 LLC
—
Deed Of Trust
related
$105,000 · Nis Holdings LLC
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?”
You own 901 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
