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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    162 96th Ave Tolleson, AZ 85353-3417

    • Industrial properties
    • 11,440 SF
    • 3.94 lot acres
    OFF-MARKET
    Value Estimations
    $4,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2260920
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 162 96th Ave

    Year built
    2013
    Lot size
    3.94 lot acres
    Property size
    11,440 SF
    Zone code
    G-P
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    101-04-005B
    APU
    10104005B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,345,000
      Market price range: $970k - $4.79M
      AI Estimate
      $4,345,000
      Market price range: $931k - $4.79M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,625,000
      Current use
      RESTAURANT
      $6,520,000
      Change: +148% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,080,000
      Change: +93% Conversion: Easy
      RETAIL STORES
      $3,850,000
      Change: +47% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,615,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $2,915,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $2,735,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tolleson
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.267
    Latitude
    33.4457
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $356,038
    -
    $1,047,400
    $1,326,190
    $2,373,590

    Comparable in this City

    • Value Estimation
      $16,395,000
      39,178 SF

      8314 Roosevelt St

      INDUSTRIAL LOFT BUILDING • 39,178 SF
      8314 Roosevelt St, Tolleson, AZ 85353-1743
      View Details
    • Value Estimation
      $755,000
      7,440 SF

      7505 Madison St

      INDUSTRIAL LOFT BUILDING • 7,440 SF
      7505 Madison St, Tolleson, AZ 85353-3104
      View Details
    • Value Estimation by Request
      102,695 SF

      2150 91St Ave

      Life science properties • 102,695 SF
      2150 91St Ave, Tolleson, AZ 85353
      View Details
    • Value Estimation by Request
      100,000 SF

      705 94Th Ave

      Distribution properties • 100,000 SF
      705 94Th Ave, Tolleson, AZ 85353
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    • Value Estimation by Request
      1.73 Acres

      123 83Rd Ave

      Distribution properties • 1.73 Acres
      123 83Rd Ave, Tolleson, AZ 85353
      View Details
    • Value Estimation by Request
      176,130 SF

      1950 91St Ave

      Life science properties • 176,130 SF
      1950 91St Ave, Tolleson, AZ 85353
      View Details

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      104,636 SF

      Industrial Buildings Delivering Q4 2025

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      322,070 SF

      Tolleson Industrial Property For Sale

      100% leased industrial property with I-10 access.
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      8.58 Acres

      Avondale Commercial Land - 8.58 Acres

      Prime Retail Pads, C-2 Zoning, High Traffic
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      Land Available Near Freeway

      Land for sale or ground lease near future freeway.
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      Land For Sale Tolleson, AZ

      Land available for sale in Tolleson, Arizona.
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      Interstate 10 Freeway Frontage Land

      Land for sale with frontage on Interstate 10 Freeway.
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in Tolleson, Arizona.
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    • Contact for pricing
      224,874 SF

      Majestic Tolleson Center Freestanding Building

      Freestanding warehouse/distribution building in Tolleson.
      8711 W Jefferson St, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      4,847 SF

      Warehouse/Showroom/Office/Industrial Project

      Three-building project with warehouse, showroom, office, and industrial spaces for rent.
      10297 W Van Buren St, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      95,232 SF

      Industrial Warehouse with Secured Yard

      95,232 SF warehouse with secured truck yard for lease.
      101St Ave, Tolleson, AZ 85353
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    • Contact for pricing
      127,185 SF

      Tolleson Industrial Space For Lease

      Modern warehouse & office suites, flexible terms.
      120 83Rd Ave, Tolleson, AZ 85353
      View Details
    • $14,025,000
      85,000 SF

      Tolleson Warehouse with Yard Storage

      Warehouse space with ESFR sprinkler system and yard storage.
      700 S 94Th Ave, Tolleson, AZ 85353
      View Details
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    162 96th Ave
    Tolleson, AZ 85353-3417
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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