New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Flex space
16461 25th Ave, Phoenix, AZ 85023-3103
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1259732
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1994
Construction
CONCRETE
Total area
20,353 SF
Lot
2.43 ac (105,851 SF)
Zoning code
CP/BP
APN
208-14-008C
UPID
US07-1259732
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
-
Engine-Uity Ltd (Bike/Boat/Book/etc) Store
-
Marsupial Gear (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.09M
Owner & transaction history
Jghg Properties LLC · 4 yrs held
Jghg Properties LLC
since 2022
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
CP/BP · 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
$3,585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,135,000
6.5%
$1,970,000
7%
$1,830,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,480,000
Current use
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±10% · vs last sale $3.39M (May 31 2022)
Last sale anchor
$3.39M
May 31 2022
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
$152 / 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
$35,784
Tax year 2023
Assessed value
$627,710
Assessed 2024
Previous assessed
$480,964
+30.5% YoY
Effective rate
5.70%
On assessed value
Land market value
$1,222,900
Improvement market value
$2,581,400
Total market value
$3,804,300
Applied tax rate
61,300.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
20,353 SF
Lot
2.43 ac (105,851 SF)
Zoning code
CP/BP
APN
208-14-008C
UPID
US07-1259732
Jurisdiction
MARICOPA
Zoning & alternative use
CP/BP · Phoenix, AZ
Zoning CP/BP · permitted uses
CP/BP · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.5M
INDUSTRIAL (GENERAL) Current
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
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
Jghg Properties LLC
Entity
Mailing address
21609 N 12TH AVE STE #200, PHOENIX, AZ 85027-2841
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$3,390,000
Jghg Properties LLC
Grojo LLC
Special Warranty Deed
$1,745,000 · Western Alliance Bank
Oct 13, 2020
—
Grojo LLC
—
Deed
related
$895,000 · Midfirst Bank
Sep 11, 2014
$1,172,510
Grojo LLC
Williams-baughman INC
Warranty Deed
$612,195 · Bank Of The West
Apr 15, 2008
—
Williams-baughman INC
Akra INC
Warranty Deed
—
Aug 4, 1993
$159,750
Akra INC
Baughman
Grant Deed
$780,000 · Rocky Mountain Bank
Dec 31, 1992
$135,000
Charles R Baughman
St Louis Investm
Grant Deed
—
May 4, 1989
—
Investm St. Louis
Unknown
Grant Deed
related
—
—
—
Akra INC
—
Deed Of Trust
related
$75,000 · Rocky Mountain Bank
—
—
Grojo LLC
—
Deed Of Trust
related
$612,195 · Bank Of The West
—
—
Akra INC
—
Deed Of Trust
related
$380,000 · Valley First Community Bank
—
—
Akra INC
—
Deed Of Trust
related
$75,000 · Valley First Community Bank
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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