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Property profile & analytics
OFF-MARKET
Bars & Pubs
915 Central Ave Phoenix, AZ 85004-1904
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0412598
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1928
Construction
CONCRETE
Total area
8,911 SF
Lot
0.4 ac (17,345 SF)
Zoning code
DTC-GTWY
APN
111-43-025A
UPID
US07-0412598
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
-
Geo S Thomson Co Inc Distribution Center Logistics Company
-
DeSoto Central Market Restaurant
-
Tea & Toast (Bike/Boat/Book/etc) Store Specialty Food Shop
-
Track Club Fitness Gym & Fitness Center
-
Tru Ultra Lounge Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eq Central & Roosevelt LLC · 6 yrs held
Eq Central & Roosevelt LLC
since 2019
7 recorded transactions
Zoning & alternative use
DTC-GTWY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$41,063
Tax year 2023
Assessed value
$587,227
Assessed 2024
Previous assessed
$506,090
+16.0% YoY
Effective rate
6.99%
On assessed value
Land market value
$1,734,500
Improvement market value
$1,824,451
Total market value
$3,558,951
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1928
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
8,911 SF
Lot
0.4 ac (17,345 SF)
Zoning code
DTC-GTWY
APN
111-43-025A
UPID
US07-0412598
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-GTWY · Phoenix, AZ
Zoning DTC-GTWY · permitted uses
DTC-GTWY · 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.
Building & site characteristics
From public records
Year built
1928
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Eq Central & Roosevelt LLC
Entity
Mailing address
PO BOX 1810, SCOTTSDALE, AZ 85252-1810
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2019
—
Eq Central & Roosevelt LLC
Eq Central & Roosevelt LLC
Correction Deed
related
—
Nov 26, 2018
$3,600,000
Eq Central & Roosevelt LLC
Kenco Az LLC
Grant Deed
—
Nov 26, 2018
—
Eq Central & Roosevelt LLC
Kenco Az LLC
Grant Deed
related
—
Sep 30, 2014
—
Kenco Az LLC
Select Credit & Leasing LLC
Grant Deed
related
—
Feb 15, 2012
$360,000
Select Credit & Leasing LLC
Compass Bk
Grant Deed
related
—
Sep 7, 2011
$304,947
Compass Bk
Craig K Williams
Foreclosure
related
—
Jan 4, 2001
$550,000
Raymond R Arvizu
Ledbetter,james & Suzanne A
Grant Deed
$440,000 · Pacific Coach INC
—
—
Arvizu,raymond R & Ernestina P
—
Deed Of Trust
related
$600,000 · First Community Financial
—
—
Arvizu,raymond R & Ernestina P
—
Deed Of Trust
related
$250,000 · Compass Bk
—
—
Raymond R Arvizu
—
Deed Of Trust
related
$600,000 · Compass Bank
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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