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Property profile & analytics
OFF-MARKET
Estimated value
$14,000,000
Warehouses
15785 Desert Foothills Pkwy 1, Phoenix, AZ 85048-4003
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1801065
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
CONCRETE
Total area
32,324 SF
Lot
2.38 ac (103,753 SF)
Zoning code
PAD
APN
300-97-481B
UPID
US07-1801065
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.14M
Blend (final)
Blend
$14.00M
Owner & transaction history
Nsp IV Ahwatukee Dst · 3 yrs held
Nsp IV Ahwatukee Dst
since 2023
7 recorded transactions
Zoning & alternative use
PAD · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.5M
+168.3%
Restaurant
$17.3M
+105.8%
Auto repair, garage
$13.7M
+62.8%
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
COMMERCIAL (GENERAL)
$22,510,000
Change: +168% · Conversion: Difficult
RESTAURANT
$17,260,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,660,000
Change: +63% · Conversion: Easy
RETAIL STORES
$9,630,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$8,580,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$14.00M
Range $12.60M – $15.40M · ±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
$131,606
Tax year 2023
Assessed value
$1,893,342
Assessed 2024
Previous assessed
$2,085,033
-9.2% YoY
Effective rate
6.95%
On assessed value
Land market value
$2,593,900
Improvement market value
$8,880,900
Total market value
$11,474,800
Applied tax rate
281,300.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Buildings
4
Stories
2
Units
4
Total area
32,324 SF
Lot
2.38 ac (103,753 SF)
Zoning code
PAD
APN
300-97-481B
UPID
US07-1801065
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Phoenix, AZ
Zoning PAD · permitted uses
PAD · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$22.5M
RESTAURANT
Est. value
$17.3M
AUTO REPAIR, GARAGE
Est. value
$13.7M
RETAIL STORES
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$8.6M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2019
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
4
Units
4
Lot
2.38 ac
Current owner
From public records · entity-resolved
Nsp IV Ahwatukee Dst
Individual
Mailing address
300 CRES CT STE #700, DALLAS, TX 75201-7849
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
—
Nsp IV Ahwatukee Dst
Nexpoint Storage Dst Trs LLC
Special Warranty Deed
—
Oct 28, 2022
$5,050,000
Desert Foothills Gl LLC
Nexpoint Storage Dst Trs LLC
Special Warranty Deed
—
Jun 13, 2022
$25,250,000
Nexpoint Storage Dst Trs LLC
Bv Mvp Storage Ahwatukee Foothills
Special Warranty Deed
—
Jul 16, 2021
—
Extra Space Capital LLC
—
Deed
related
$7,360,000 · Acrc Lender LLC
May 27, 2021
—
Be Mvp Storage Ahwatukee Foothills
—
Deed
related
$7,360,000 · Extra Space Capital LLC
Jun 30, 2017
—
Bv Mvp Storage Ahwatukee Footh
—
Grant Deed
related
$6,101,500 · Unison Bk
Feb 24, 2017
$1,800,000
Bv Mvp Storage Ahwatukee Fo
Ahwatukee Desert Foothills
Grant Deed
—
Oct 24, 2016
$580,000
Ahwatukee Desret Foothills
First National Bank Of Layton
Grant Deed
—
Jun 28, 2013
$1,700,000
Rosewood Foothills 1 LLC
First National Bank Of Layton
Special Warranty Deed
$2,734,250 · The First National Bank Of Layton
May 18, 2011
—
First Natl Bk Of Layton
Towne Bk Of Az
Grant Deed
—
Aug 7, 2008
—
Towne Bk Of Az
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 19, 2007
—
Bmb Marketplace LLC
—
Deed Of Trust
related
$7,865,000 · Towne Bk/az
Jan 20, 2006
—
Bmb Marketplace LLC
Desert Foothills Marketplace L
Grant Deed
$7,865,000 · Towne Bk/az
—
—
Rosewood-foothills 1 LLC
—
Loan Modification
related
$3,183,920 · First Nat'l Bk/layton
—
—
Bmb Marketplace LLC
—
Loan Modification
related
$216,750 · Towne Bk/az
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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