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Property profile & analytics
OFF-MARKET
Estimated value
$76,105,000
Showrooms
1515 91st Ave Tolleson, AZ 85353-4592
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-1652027
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2021
Total area
487,424 SF
Lot
30.05 ac (1,308,803 SF)
Zoning code
CP/GCP
APN
101-12-649A
UPID
US07-1652027
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
-
Georgia Pacific - Hummingbird Printing Service (Bike/Boat/Book/etc) Store
-
DHL / Owens Corning / Insulation Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$53.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$76.11M
Owner & transaction history
Lex Plc 2 Phoenix LLC · 4 yrs held
Lex Plc 2 Phoenix LLC
since 2021
Last sale
$83.5M
4 recorded transactions
Zoning & alternative use
CP/GCP · Tolleson, AZ
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
$84,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$57,840,000
6.5%
$53,390,000
7%
$49,575,000
Blend value · Realmo final
$76.11M
Range $68.49M – $83.72M · ±10% · vs last sale $83.50M (Dec 27 2021)
Last sale anchor
$83.50M
Dec 27 2021
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
$156 / 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
$538,132
Tax year 2023
Assessed value
$8,248,846
Assessed 2024
Effective rate
6.52%
On assessed value
Land market value
$6,822,400
Improvement market value
$43,170,605
Total market value
$49,993,005
Applied tax rate
621,300.0000
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
2021
Heating
NONE
Stories
1
Total area
487,424 SF
Lot
30.05 ac (1,308,803 SF)
Zoning code
CP/GCP
APN
101-12-649A
UPID
US07-1652027
Jurisdiction
MARICOPA
Zoning & alternative use
CP/GCP · Tolleson, AZZoning CP/GCP · permitted uses
CP/GCP · Tolleson, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Stories
1
Lot
30.05 ac
Current owner
From public records · entity-resolved
Lex Plc 2 Phoenix LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 PENN PLZ STE #4015, NEW YORK, NY 10119-4015
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$83,500,000
Lex Plc 2 Phoenix LLC
Mp Phoenix 91 II LLC
Special Warranty Deed
—
Jan 5, 2021
—
Mp Phoenix 91 LLC
—
Deed
related
$21,500,000 · Bell Bk
Nov 24, 2020
—
Mp Phoenix 91 II LLC
—
Deed Of Trust
related
$30,376,400 · Western Alliance Bk
—
—
Mp Phoenix 91 LLC
—
Deed Of Trust
related
$21,500,000 · Bell 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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