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Property profile & analytics
FOR SALE
Auto shops
918 E Broadway Rd Phoenix, AZ 85040
Individually Owned
4-yr Hold
Free & Clear
Property ID
US07-0817718
For Sale
1 / 2
$1,095,000
918 E Broadway Rd, Phoenix, AZ 85040
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1950
Construction
CONCRETE
Total area
1,419 SF
Lot
2.37 ac (103,194 SF)
Zoning code
R-4
APN
113-21-013
UPID
US07-0817718
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.04M
Owner & transaction history
1998 E Broadway Rd Phoenix Az 85050 · 4 yrs held
1998 E Broadway Rd Phoenix Az 85050
since 2022
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
R-4 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$805,000
+34.1%
Commercial (general)
$740,000
+23.1%
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
$975,000
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
$805,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$740,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.10M (Feb 23 2022)
Last sale anchor
$1.10M
Feb 23 2022
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
$729 / 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
$13,169
Tax year 2023
Assessed value
$160,579
Assessed 2024
Previous assessed
$116,824
+37.5% YoY
Effective rate
8.20%
On assessed value
Land market value
$806,200
Improvement market value
$167,008
Total market value
$973,208
Applied tax rate
661,300.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1950
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Total area
1,419 SF
Lot
2.37 ac (103,194 SF)
Zoning code
R-4
APN
113-21-013
UPID
US07-0817718
Jurisdiction
MARICOPA
Zoning & alternative use
R-4 · Phoenix, AZ
Zoning R-4 · permitted uses
R-4 · 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
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$740,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1950
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.37 ac
Current owner
From public records · entity-resolved
1998 E Broadway Rd Phoenix Az 85050
Individual
Free & Clear · 4 yrs held
Mailing address
820 N MCCLINTOCK DR, TEMPE, AZ 85288-1926
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
$1,095,000
1998 E Broadway Rd Phoenix Az 85050
David Michael Sweetman
Warranty Deed
—
Jul 23, 2018
$410,000
Sweetman,david M Family Trust
Mcintire Robert W
Grant Deed
—
Apr 19, 2018
—
Robert W Mcintire
Mcintire Margaret M
Quit Claim Deed
related
—
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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