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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Refrigerated & Cold Storage
1051 Broadway Rd Phoenix, AZ 85040-2301
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0108900
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1987
Construction
STEEL FRAME
Total area
8,805 SF
Lot
1.08 ac (47,262 SF)
Zoning code
C-3
APN
113-49-003
UPID
US07-0108900
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
-
Hawaii Jerky Shop Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$1.81M
Owner & transaction history
Aloha Ke Akua LLC · 2 yrs held
Aloha Ke Akua LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-3 zone is to provide to provide for the intensive commercial uses necessary to the proper development of the community
Zone name
General Commercial
General category
COMMERCIAL
Zone area
2,827.55 ac
Source
Realmo
Top alternative use upside
Retail stores
$2.6M
+10.7%
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
$1,890,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,370,000
Current use
RETAIL STORES
$2,625,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$2,335,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,240,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10% · vs last sale $1.65M (Dec 27 2023)
Last sale anchor
$1.65M
Dec 27 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
$205 / 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
$14,658
Tax year 2023
Assessed value
$199,733
Assessed 2024
Previous assessed
$128,894
+55.0% YoY
Effective rate
7.34%
On assessed value
Land market value
$389,500
Improvement market value
$821,000
Total market value
$1,210,500
Applied tax rate
661,300.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,805 SF
Lot
1.08 ac (47,262 SF)
Zoning code
C-3
APN
113-49-003
UPID
US07-0108900
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZZoning C-3 · permitted uses
C-3 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose C-3 zone is to provide to provide for the intensive commercial uses necessary to the proper development of the community
Zone name
General Commercial
General category
COMMERCIAL
Zone area
2,827.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.4M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
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
1987
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Aloha Ke Akua LLC
Entity
Mailing address
1051 E BROADWAY RD, PHOENIX, AZ 85040-2301
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$1,650,000
Aloha Ke Akua LLC
Jej LLC
Special Warranty Deed
$1,190,000 · First Fidelity Bank
Mar 23, 2021
$1,250,000
Jej LLC
Msmc Holdings LLC
Special Warranty Deed
$1,500,000 · Newtek Small Busiess Finance LLC
Jan 9, 2018
—
Msmc Holdings LLC
—
Deed
related
$302,500 · First Fidelity Bk
Jun 7, 2017
$410,000
Banner Catering LLC
Sjm Real Estate LLC
Grant Deed
—
Jun 7, 2017
—
Msmc Holdings LLC
Banner Catering LLC
Special Warranty Deed
$302,475 · First Fidelity Bank
Jul 7, 2005
$593,000
Sjm Real Estate LLC
Robert D Tedder
Warranty Deed
$296,500 · Arizona Business Bank
—
—
Msmc Holdings LLC
—
Deed Of Trust
related
$302,500 · First Fidelity 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.
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