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Property profile & analytics
OFF-MARKET
Estimated value
$184,990,000
Showrooms
1115 47th Ave, Phoenix, AZ 85043-1801
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1576049
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1997
Construction
CONCRETE
Total area
454,368 SF
Lot
23.36 ac (1,017,621 SF)
Zoning code
A-1
APN
103-34-014E
UPID
US07-1576049
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
-
Breakthru Beverage Arizona Big Box & Wholesale Store Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$205.56M
Blend (final)
Blend
$184.99M
Owner & transaction history
Ci450 North 47th LLC · 1 yrs held
Ci450 North 47th LLC
since 2025
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
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
$184.99M
Range $166.49M – $203.49M · ±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
$407 / 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
$658,423
Tax year 2023
Assessed value
$7,656,578
Assessed 2024
Previous assessed
$6,534,341
+17.2% YoY
Effective rate
8.60%
On assessed value
Land market value
$5,604,100
Improvement market value
$40,799,400
Total market value
$46,403,500
Applied tax rate
51,300.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
454,368 SF
Lot
23.36 ac (1,017,621 SF)
Zoning code
A-1
APN
103-34-014E
UPID
US07-1576049
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
23.36 ac
Current owner
From public records · entity-resolved
Ci450 North 47th LLC
Entity
Mailing address
1900 AVE OF THE STARS STE #320, LOS ANGELES, CA 90067-4305
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
Feb 21, 2025
—
Ci450 North 47th LLC
Avg North 47th LLC
Special Warranty Deed
—
May 12, 2022
$50,750,000
Ci450 North 47th LLC
North 47th Industrial LLC
Special Warranty Deed
$30,000,000 · Bankers Trust Company NA
Dec 17, 2018
—
North 47th Industrial LLC
Continental Indl Cap LLC
Grant Deed
—
Nov 15, 2016
$26,780,000
Alliance Beverage Distribut
Crexus Az Holdings 1 LLC
Grant Deed
—
Nov 15, 2016
$33,550,000
Cam Investment 346 LLC
Alliance Beverage Distribu
Grant Deed
$18,452,500 · Miscellaneous Ins Co
Nov 28, 2011
$33,250,000
Crexus Az Holdings 1 LLC
Alliance Beverage Distributing
Grant Deed
—
Oct 9, 2009
—
Allison Weyer
Rjb Dev LLC
Grant Deed
—
—
—
Crexus Az Holdings 1 LLC
—
Deed Of Trust
related
$16,600,000 · Jackson National Life Ins Co
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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