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Property profile & analytics
OFF-MARKET
Estimated value
$133,360,000
Showrooms
105 84th Ave Tolleson, AZ 85353-3229
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-3337041
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1999
Construction
CONCRETE
Total area
217,134 SF
Lot
9.52 ac (414,864 SF)
Zoning code
I-1
APN
101-11-980
UPID
US07-3337041
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
-
Satori Home/Geneva Supply Warehouse & Storage
-
Skyward Automotive Products, LLC Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$152.14M
Blend (final)
Blend
$133.36M
Owner & transaction history
Colfin 2018-1 Indl Owner L · 8 yrs held
Colfin 2018-1 Indl Owner L
since 2018
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$133.36M
Range $120.02M – $146.70M · ±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
$614 / 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
$216,651
Tax year 2023
Assessed value
$4,070,022
Assessed 2024
Previous assessed
$3,583,940
+13.6% YoY
Effective rate
5.32%
On assessed value
Land market value
$2,079,100
Improvement market value
$22,587,700
Total market value
$24,666,800
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
217,134 SF
Lot
9.52 ac (414,864 SF)
Zoning code
I-1
APN
101-11-980
UPID
US07-3337041
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
9.52 ac
Current owner
From public records · entity-resolved
Colfin 2018-1 Indl Owner L
Individual
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2018
$13,400,000
Colfin 2018-1 Indl Owner L
RT Tolleson Commerce Park
Grant Deed
—
Oct 28, 2010
$9,500,000
Tolleson Commerce Park RT II
Teachers Ins & Annuity Assn Of Am
Grant Deed
—
Sep 12, 2005
$9,900,000
Teachers Ins & Annuity Assn Of Am
Opus Real Estate Arizona V LLC
Grant Deed
—
May 30, 2003
$7,650,000
Opus Rel Estate Arizona V LLC
Opus West Corp
Grant Deed
related
—
—
—
Tolleson Commerce Park RT II
—
Deed Of Trust
related
$4,600,000 · Ing USA Annunity & Life Ins Co
—
—
Tolleson Commerce Park RT II
—
Deed Of Trust
related
$500,000 · Ing USA Annunity & Life Ins Co
—
—
Record Xpress Of California LLC
—
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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