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Property profile & analytics
FOR LEASE
Flex space
10297 W Van Buren St, Tolleson, AZ 85353
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1227431
For Lease
1 / 3
$30,480,000
10297 W Van Buren St, Tolleson, AZ 85353
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2004
Construction
CONCRETE
Total area
53,142 SF
Lot
14.46 ac (629,913 SF)
Zoning code
I-1
APN
101-03-977
UPID
US07-1227431
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
-
AZ Complete PCI Tech Support Center (Bike/Boat/Book/etc) Store
-
O C Management West LLC Waste Management Facility Hazardous Waste Disposal
-
P & M Distribution Distribution Center Logistics Company
-
Mobility Bathworks Walk in Tubs Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.24M
Blend (final)
Blend
$30.48M
Owner & transaction history
Sreit Loop 101 Phase I LLC · 4 yrs held
Sreit Loop 101 Phase I LLC
since 2021
Last sale
$36.5M
5 recorded transactions
Zoning & alternative use
I-1 · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$42.7M
+249.6%
Restaurant
$30.3M
+148.3%
Auto repair, garage
$23.6M
+93.4%
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
$34,960,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$42,650,000
Change: +250% · Conversion: Difficult
RESTAURANT
$30,295,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,595,000
Change: +93% · Conversion: Easy
Blend value · Realmo final
$30.48M
Range $27.43M – $33.53M · ±10% · vs last sale $36.48M (Sep 28 2021)
Last sale anchor
$36.48M
Sep 28 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
$574 / 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
$278,012
Tax year 2023
Assessed value
$4,816,746
Assessed 2024
Previous assessed
$3,873,144
+24.4% YoY
Effective rate
5.77%
On assessed value
Land market value
$3,687,300
Improvement market value
$25,505,100
Total market value
$29,192,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
53,142 SF
Lot
14.46 ac (629,913 SF)
Zoning code
I-1
APN
101-03-977
UPID
US07-1227431
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tolleson, AZ
Zoning 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
Tolleson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$42.7M
RESTAURANT
Est. value
$30.3M
AUTO REPAIR, GARAGE
Est. value
$23.6M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
14.46 ac
Current owner
From public records · entity-resolved
Sreit Loop 101 Phase I LLC
Entity
Mailing address
1255 23RD ST NW STE #250, WASHINGTON, DC 20037-1168
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2025
—
Sreit Loop 101 Phase I LLC
—
Deed
related
$1,860,000 · Ubs Ag Tampa Branch
Sep 28, 2021
$36,480,000
Sreit Loop 101 Phase I LLC
Rjm Loop 101 & I 10 Property LLC
Special Warranty Deed
—
Jun 28, 2016
—
Ejm Loop 101 & I-10 Prop LLC
—
Deed
related
$11,500,000 · Thrivent Fin'l/lutherans
Apr 19, 2005
—
Ejm Loop 101 & I-10 Prop LLC
Oxnard Commerceplex LLC
Quit Claim Deed
related
$9,090,000 · Principal Life Insurance Co
—
—
Ejm Loop 101 & I-10 Prop LLC
—
Deed Of Trust
related
$11,500,000 · Thrivent Fin'l/lutherans
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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