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Property profile & analytics
OFF-MARKET
Flex space
11029 24th Ave Phoenix, AZ 85029-4710
Entity Owned
~
Est. High Equity
Property ID
US07-0769602
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1977
Construction
CONCRETE
Total area
15,228 SF
Lot
3.52 ac (153,262 SF)
Zoning code
A-1
APN
149-07-023
UPID
US07-0769602
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
-
Barbecue Rescue 911 Hardware & Home Improvement
-
Moon Performance LLC Auto Repair Shop
-
browner building and design llc Landscaping General Contractor
-
M a Carlson LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bkm Twins Business Park 979 LLC
Bkm Twins Business Park 979 LLC
since 2025
Last sale
$81.5M
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$42,381
Tax year 2023
Assessed value
$883,278
Assessed 2024
Previous assessed
$615,485
+43.5% YoY
Effective rate
4.80%
On assessed value
Land market value
$1,199,800
Improvement market value
$4,153,400
Total market value
$5,353,200
Applied tax rate
61,300.0000
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
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
15,228 SF
Lot
3.52 ac (153,262 SF)
Zoning code
A-1
APN
149-07-023
UPID
US07-0769602
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
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
3.52 ac
Current owner
From public records · entity-resolved
Bkm Twins Business Park 979 LLC
Entity
Mailing address
1701 QUAIL ST, NEWPORT BEACH, CA 92660-2728
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
$81,500,000
Bkm Twins Business Park 979 LLC
Seaphx Ll LLC
Special Warranty Deed
$34,751,000 · Zb NA
Sep 1, 2021
$15,360,000
Seaphx Ll LLC
Bkm Metro 110 LLC
Special Warranty Deed
—
Dec 18, 2017
—
Bkm Metro 110 LLC
—
Grant Deed
related
$28,100,000 · Cit Bk NA
Apr 5, 2016
$9,050,000
Bkm Metro 110 LLC
Pacific Metro LLC
Special Warranty Deed
$26,750,000 · Pccp Credit Vi Reit Sub Holdco LLC
Nov 15, 1996
$1,500,000
Pavilion Associates
Carson Estate Co
Grant Deed
$1,100,000 · Tokai Bank Of California
—
—
Pacific Metro LLC
—
Deed Of Trust
related
$2,850,000 · Bank Of The West
—
—
Pacific Metro LLC
—
Deed Of Trust
related
$3,800,000 · Wells Fargo Bank
—
—
Pacific Metro LLC
—
Deed Of Trust
related
$3,063,000 · Bank Of The West
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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