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Property profile & analytics
OFF-MARKET
Estimated value
$36,945,000
Showrooms
1010 47th Ave, Phoenix, AZ 85043-1803
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0390702
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1999
Construction
CONCRETE
Total area
225,744 SF
Lot
12.69 ac (552,820 SF)
Zoning code
A-1
APN
103-34-018C
UPID
US07-0390702
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
-
Omco Industrial Manufacturer Factory
-
Amerimax Building Products, Inc. Building Supply Industrial Manufacturer
-
Knotwood Building Supply Mill
-
Updike Distribution Distribution Center Logistics Company
-
Updike Distribution Logistics Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.95M
Owner & transaction history
Papago Owner LLC · 4 yrs held
Papago Owner LLC
since 2021
Last sale
$32.9M
6 recorded transactions
Zoning & alternative use
A-1 · 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
Method
Estimation
Statistic approach
$37,810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$47,970,000
6.5%
$44,280,000
7%
$41,120,000
Blend value · Realmo final
$36.95M
Range $33.25M – $40.64M · ±10% · vs last sale $32.85M (Sep 29 2021)
Last sale anchor
$32.85M
Sep 29 2021
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
$164 / 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
$209,545
Tax year 2023
Assessed value
$4,241,672
Assessed 2024
Previous assessed
$3,508,834
+20.9% YoY
Effective rate
4.94%
On assessed value
Land market value
$2,771,900
Improvement market value
$22,935,200
Total market value
$25,707,100
Applied tax rate
51,300.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
225,744 SF
Lot
12.69 ac (552,820 SF)
Zoning code
A-1
APN
103-34-018C
UPID
US07-0390702
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZ
Zoning 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
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
12.69 ac
Current owner
From public records · entity-resolved
Papago Owner LLC
Entity
Mailing address
9 W 57TH ST STE #42, NEW YORK, NY 10019-2701
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
Papgo Owner LLC
—
Deed
related
—
Sep 29, 2021
$32,850,000
Papago Owner LLC
Crpf IV 47th LLC
Special Warranty Deed
$188,800,000 · Heitman Credit Acquisition I LLC
Jul 2, 2019
$15,830,000
Crpf IV 47th LLC
Lit Industrial LP
Trustees Deed
$12,800,000 · Farmers & Merchants Bk/lng Bch
Sep 25, 2015
$80,000,000
Lit Industrial LP
Zimmerman,trust
Grant Deed
—
Jan 19, 2001
$5,643,600
Zimmerman Trust
Kppic Associates LLC
Grant Deed
$3,762,400 · Wells Fargo Bank
—
—
Zimmerman Trust
—
Loan Modification
related
$11,268,619 · Wells Fargo Bk
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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