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Property profile & analytics
OFF-MARKET
Estimated value
$9,030,000
Flex space
10232 51st St, Phoenix, AZ 85044-5205
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-0099414
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
CONCRETE
Total area
33,123 SF
Lot
2.66 ac (115,913 SF)
Zoning code
IND.PK.
APN
301-41-350
UPID
US07-0099414
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
-
Stryker Sustainability Solutions Medical Supply Store Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.08M
Blend (final)
Blend
$9.03M
Owner & transaction history
Bixby Spe Finance 13 LLC · 10 yrs held
Bixby Spe Finance 13 LLC
since 2015
7 recorded transactions
Zoning & alternative use
IND.PK. · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.0M
+92.1%
Retail stores
$9.9M
+35.5%
Medical building
$8.8M
+20.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,285,000
Current use
AUTO REPAIR, GARAGE
$13,995,000
Change: +92% · Conversion: Easy
RETAIL STORES
$9,870,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$8,790,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,595,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,430,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$9.03M
Range $8.13M – $9.93M · ±10%
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
$273 / 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
$40,339
Tax year 2023
Assessed value
$772,085
Assessed 2024
Previous assessed
$596,088
+29.5% YoY
Effective rate
5.22%
On assessed value
Land market value
$2,115,000
Improvement market value
$2,564,300
Total market value
$4,679,300
Applied tax rate
281,300.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
33,123 SF
Lot
2.66 ac (115,913 SF)
Zoning code
IND.PK.
APN
301-41-350
UPID
US07-0099414
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Phoenix, AZ
Zoning IND.PK. · permitted uses
IND.PK. · 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
INDUSTRIAL (GENERAL) Current
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$14.0M
RETAIL STORES
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$8.8M
WAREHOUSE, STORAGE
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
Bixby Spe Finance 13 LLC
Entity
Mailing address
1501 QUAIL ST STE #230, NEWPORT BEACH, CA 92660-2740
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2015
—
Bixby Spe Finance 13 LLC
Bixby Land Company
Special Warranty Deed
$3,010,000 · Transamerica Financial Life Insuran
Mar 31, 2011
—
Bixby Land Co
—
Deed Of Trust
related
$110,000,000 · Great-west Life & Annuity Ins
Jul 25, 2007
$9,700,000
Bixby Land Co
Pccp Bar I LLC
Grant Deed
—
Jul 25, 2007
$5,000,000
Bixby Land Co
Pccp Bar I LLC
Grant Deed
—
Jul 25, 2007
$9,300,000
Hathaway Ventures Rbc-1 INC
Pccp Bar I LLC
Grant Deed
$8,519,221 · Bixby Land Co
Jan 13, 2006
—
Pccp Bar I LLC
Pccp Cs Birtcher Bp LLC
Special Warranty Deed
—
Dec 20, 2005
$4,200,000
Pccp Cs Birtcher Bp LLC
Bedford Phoenix Tech Center
Grant Deed
—
Nov 25, 2003
—
Bedford Phoenix Tech Center
Bedford Property Investors INC
Quit Claim Deed
related
$1,750,000 · John Hancock Life Insurance Co
Aug 20, 1998
$2,232,500
Bedford Property Investors INC
Calsonic North America INC
Grant Deed
—
Feb 26, 1996
—
Calsonic North America INC
Calsonic International In
Quit Claim Deed
related
—
Jun 29, 1987
$1,565,000
Calsonic Interna
Stear
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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