1175 STATE ST
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Location
1175 STATE ST
Mblu
171/ 0805/ 00900/ /
Acct#
171 0805 00900
Owner
AREC 53 LLC
Total Market Value
$10,188,780
Appraisal
$14,555,400
PID
9174
Building Count
2
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$12,706,700$1,848,700$14,555,400
Assessment
Valuation YearImprovementsLandTotal
2025$8,894,690$1,294,090$10,188,780

Owner of Record
OwnerAREC 53 LLC
Co-Owner
AddressC/O COVINGTON JEAN
2727 N CENTRAL AV
PHOENIX, AZ 85004
Sale Price$0
Certificate
Book & Page 10892/163
Sale Date08/20/2025
Instrument3

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
AREC 53 LLC$0 10892/163308/20/2025
AMERCO REAL ESTATE COMPANY$5,500,000 9453/02840008/02/2016
1175 STATE LLC$3,500,000 9198/01280009/24/2014
STATE ASSETS LLC$1,810,000 6515/0338708/12/2003
DAVIS STREET PARTNERSHIP$1,200,000 3575/01302512/08/1986

Building Information
Building 1 : Section 1
Year Built: 1925
Living Area: 320,771
Replacement Cost: $19,477,504
Building Percent Good: 60
Replacement Cost
Less Depreciation:
$11,686,500
Building Attributes
FieldDescription
Style:Mill Bldg
ModelInd/Lg Com
GradeAverage
Stories:2
Occupancy40.00
Exterior Wall 1Brick
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Minim/Masonry
Interior Wall 2Drywall/Plaste
Interior Floor 1Concr-Finished
Interior Floor 2Ceram Clay Til
Heating FuelGas/Oil
Heating TypeHot Air-no Duc
AC TypeNone
Bldg UseINDUSTRIAL MDL-96
Total Rooms 
Total Bedrms00
Total Baths0
NBHD Code 
1st Floor Use:4000
Heat/ACNONE
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallNONE
Rooms/PrtnsAVERAGE
Wall Height16.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 115,636 115,636
FUSFinished Upper Story 112,500 106,875
FLLFinished Lower Level 115,600 98,260
CANCanopy 132 0
ULPUncovered Loading Platform 3,399 0
   347,267 320,771
Building 2 : Section 1
Year Built: 1965
Living Area: 16,106
Replacement Cost: $821,084
Building Percent Good: 60
Replacement Cost
Less Depreciation:
$492,700
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Warehouse
ModelInd/Lg Com
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelOil/Gas
Heating TypeFA/HW/ST
AC TypeCentral
Bldg UseINDUSTRIAL MDL-96
Total Rooms 
Total Bedrms00
Total Baths0
NBHD Code 
1st Floor Use:4000
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallNONE
Rooms/PrtnsAVERAGE
Wall Height24.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 16,106 16,106
   16,106 16,106

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
SPR1SPRINKLERS-WET15800.00 S.F.$24,600$17,2202
ELV1FREIGHT ELEV2.00 STOPS$20,400$14,2801
SPR1SPRINKLERS-WET228100.00 S.F.$355,800$249,0601
LDL1LOAD LEVELERS1.00 UNITS$2,200$1,5402

Land
Land Use
Use Code4000
DescriptionINDUSTRIAL MDL-96  
ZoneIH
NeighborhoodST1
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)5.84
Frontage0
Depth0
Total Market Land$1,294,090
Appraised Value$1,848,700

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueAssessed ValueBldg #
FN3FENCE-6' CHAIN  400.00 L.F.$1,500$1,0501
PAV1PAVING-ASPHALT  60000.00 S.F.$123,000$86,1001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$12,706,700$1,848,700$14,555,400
2024$12,706,700$1,848,700$14,555,400
2023$12,706,700$1,848,700$14,555,400

Assessment
Valuation YearImprovementsLandTotal
2025$8,894,690$1,294,090$10,188,780
2024$8,894,690$1,294,090$10,188,780
2023$8,894,690$1,294,090$10,188,780

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