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Property profile & analytics
OFF-MARKET
Estimated value
$16,500,000
Distribution centers
1002 54th Ave Phoenix, AZ 85043-4740
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1125191
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1992
Construction
CONCRETE
Total area
90,889 SF
Lot
1.68 ac (73,152 SF)
Zoning code
A-1
APN
104-20-016
UPID
US07-1125191
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
-
Jeld-Wen Windows & Doors Industrial Manufacturer Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.50M
CAP Approach
CAP
$10.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.50M
Owner & transaction history
Ds 54th Ave Tic LLC · 2 yrs held
Ds 54th Ave Tic LLC
since 2024
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
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
$16,500,000
ML approach
$16,500,000
CAP Approach
CAP Return
Estimation
6%
$11,570,000
6.5%
$10,680,000
7%
$9,920,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$27,275,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$27,085,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$24,125,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$16.50M
Range $14.85M – $18.15M · ±10% · vs last sale $16.50M (May 6 2024)
Last sale anchor
$16.50M
May 6 2024
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
$182 / 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
$63,783
Tax year 2023
Assessed value
$1,404,134
Assessed 2024
Previous assessed
$1,404,134
+0.0% YoY
Effective rate
4.54%
On assessed value
Land market value
$421,800
Improvement market value
$8,088,100
Total market value
$8,509,900
Applied tax rate
21,300.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1992
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
90,889 SF
Lot
1.68 ac (73,152 SF)
Zoning code
A-1
APN
104-20-016
UPID
US07-1125191
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZZoning A-1 · permitted uses
A-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$27.3M
RETAIL STORES
Est. value
$27.1M
MEDICAL BUILDING
Est. value
$24.1M
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1992
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Ds 54th Ave Tic LLC
Entity
Mailing address
2390 E CAMELBACK RD STE #305, PHOENIX, AZ 85016-3451
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2024
$16,500,000
Ds 54th Ave Tic LLC
54th Avenue Industrial Owner LLC
Special Warranty Deed
$9,220,000 · Firstbank
Dec 29, 2022
$10,900,000
54th Avenue Industrial Owner LLC
Jeld Wen INC
Special Warranty Deed
$8,069,000 · Copperpoint Insurance Company
Jul 15, 2009
—
Jeld-wen INC
—
Deed Of Trust
related
$573,000,000 · Bank Of America
Jul 15, 1991
—
Jeld Wen INC
Heller Real Esta
Grant Deed
related
—
Dec 2, 1987
$15,471,289
Freeport Center
—
Grant Deed
related
—
—
—
Jeld-wen INC
—
Deed Of Trust
related
—
—
—
Jeld-wen INC
—
Loan Modification
related
—
—
—
Jeld-wen INC
—
Deed Of Trust
related
—
—
—
Jeld-wen INC
—
Deed Of Trust
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.
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