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Property profile & analytics
OFF-MARKET
Estimated value
$40,500,000
Distribution centers
111 Buckeye Rd Phoenix, AZ 85004-2725
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1780283
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1971
Total area
93,500 SF
Lot
7.66 ac (333,737 SF)
APN
112-34-973A
UPID
US07-1780283
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$40.91M
Blend (final)
Blend
$40.50M
Owner & transaction history
Westcore Bravo Central Logistics Ll · 3 yrs held
Westcore Bravo Central Logistics Ll
since 2022
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$49.9M
+105.8%
Auto repair, garage
$39.5M
+62.8%
Office building
$28.3M
+16.5%
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
RESTAURANT
$49,930,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$39,510,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$28,260,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$27,860,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$24,820,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$40.50M
Range $36.45M – $44.55M · ±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
$433 / 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
$234,666
Tax year 2023
Assessed value
$3,767,511
Assessed 2024
Previous assessed
$2,472,667
+52.4% YoY
Effective rate
6.23%
On assessed value
Land market value
$4,598,600
Improvement market value
$18,234,800
Total market value
$22,833,400
Applied tax rate
11,300.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1971
Buildings
2
Stories
1
Total area
93,500 SF
Lot
7.66 ac (333,737 SF)
APN
112-34-973A
UPID
US07-1780283
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$49.9M
AUTO REPAIR, GARAGE
Est. value
$39.5M
OFFICE BUILDING
Est. value
$28.3M
RETAIL STORES
Est. value
$27.9M
MEDICAL BUILDING
Est. value
$24.8M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1971
Stories
1
Buildings
2
Lot
7.66 ac
Current owner
From public records · entity-resolved
Westcore Bravo Central Logistics Ll
Individual
Mailing address
4350 LA JOLLA VLG DR STE #900, SAN DIEGO, CA 92122-1246
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
—
Westcore Bravo Central Logistics Ll
—
Deed
related
$57,000,000 · Guggenheim Real Estates LLC
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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