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Property profile & analytics
OFF-MARKET
Estimated value
$42,185,000
Showrooms
101 103rd Ave Tolleson, AZ 85353-9201
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-0986486
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1999
Construction
CONCRETE
Total area
276,950 SF
Lot
15.22 ac (663,060 SF)
Zoning code
I-1
APN
101-03-004H
UPID
US07-0986486
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
-
Independent Can Company at Tolleson AZ Distribution Center Logistics Company
-
Phillips Pet Food & Supplies Supply LLC Distribution Center Logistics Company
-
Title Loans Tolleson by TLCs Loan Service
-
Bothwell Transport Road Service Commercial Truck Roadside Repair Truck and Trailer Repair Commercial Truck Repair Phoenix AZ Auto Repair Shop
-
BT Trans Road Service Commercial Truck Roadside Repair Truck and Trailer Repair Commercial Diesel Truck Repair Phoenix Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$42.19M
Owner & transaction history
101 North Az LLC · 3 yrs held
101 North Az LLC
since 2023
Last sale
$45.8M
5 recorded transactions
Zoning & alternative use
I-1 · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Light Industrial Park District (I-1): promote and protect light manufacturing, warehouses, research and development industries, to cluster industries into planned industrial parks, to minimize incompatibility of industrial uses with adjacent land uses, provide sufficient space in appropriate locations for businesses and manufacturing firms free from offensiv…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,568.72 ac
Source
code of ordinances
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 Tolleson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tolleson 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
$46,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,865,000
6.5%
$30,335,000
7%
$28,170,000
Blend value · Realmo final
$42.19M
Range $37.97M – $46.40M · ±10% · vs last sale $45.80M (Jul 5 2023)
Last sale anchor
$45.80M
Jul 5 2023
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
$152 / 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
$295,018
Tax year 2023
Assessed value
$4,885,535
Assessed 2024
Previous assessed
$4,624,187
+5.7% YoY
Effective rate
6.04%
On assessed value
Land market value
$3,248,600
Improvement market value
$26,360,700
Total market value
$29,609,300
Applied tax rate
171,700.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
276,950 SF
Lot
15.22 ac (663,060 SF)
Zoning code
I-1
APN
101-03-004H
UPID
US07-0986486
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tolleson, AZZoning I-1 · permitted uses
I-1 · Tolleson, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Light Industrial Park District (I-1): promote and protect light manufacturing, warehouses, research and development industries, to cluster industries into planned industrial parks, to minimize incompatibility of industrial uses with adjacent land uses, provide sufficient space in appropriate locations for businesses and manufacturing firms free from offensive land uses in modern, landscaped buildings and surroundings; and (2) General Industrial District (I-2): promote and protect large and intensive industrial manufacturing plants and their appurtenant uses, to provide attractive and well maintained planned industrial parks for the location of the activities. (Ord. 274, passed 7-28-1987)
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,568.72 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
15.22 ac
Current owner
From public records · entity-resolved
101 North Az LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
$45,800,000
101 North Az LLC
Colfin 2017 7 Industrial Owner LLC
Special Warranty Deed
—
Feb 8, 2022
—
Colfin 2017 7 Industrial Owner LLC
—
Deed
related
—
Dec 20, 2019
—
Colfin 2017 7 Industrial Owner LLC
—
Deed
related
—
Jul 7, 2017
$19,500,000
Colfin 2017-7 Indl Owner L
Dct-az 2004 Rn Portfolio U
Grant Deed
—
Oct 7, 2004
$9,718,036
Dct-az 2004 Rn Portfolio U LLC
Cabot Industrial Venture B LLC
Grant Deed
—
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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