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Property profile & analytics
FOR LEASE
Flex space
16601 N 25Th Ave, Phoenix, AZ 85023
Entity Owned
5-yr Hold
Free & Clear
Property ID
US07-1295210
For Lease
1 / 2
$7,615,000
16601 N 25Th Ave, Phoenix, AZ 85023
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Construction
CONCRETE
Total area
21,476 SF
Lot
1.58 ac (68,999 SF)
Zoning code
IND.PK.
APN
208-14-852
UPID
US07-1295210
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
-
Quick Response Garage Floor Coatings General Contractor Renovation Specialist
-
Kodent Dental Services Dental Office
-
Phoenix Spray Equipment Hardware & Home Improvement General Contractor
-
Leading Lister and Sign Co Department Store
-
Sign Setters Company Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.65M
Blend (final)
Blend
$7.62M
Owner & transaction history
Pif55 1 LLC · 5 yrs held
Pif55 1 LLC
since 2020
Last sale
$8.3M
4 recorded transactions
Zoning & alternative use
IND.PK. · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.5M
+142.7%
Auto repair, garage
$9.1M
+92.1%
Office building
$6.4M
+36.4%
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
$10,290,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,725,000
Current use
RESTAURANT
$11,470,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,075,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$6,445,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$6,400,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$5,700,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,575,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$7.62M
Range $6.85M – $8.38M · ±10% · vs last sale $8.28M (Aug 12 2020)
Last sale anchor
$8.28M
Aug 12 2020
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
$355 / 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
$27,956
Tax year 2023
Assessed value
$480,150
Assessed 2024
Previous assessed
$339,643
+41.4% YoY
Effective rate
5.82%
On assessed value
Land market value
$872,400
Improvement market value
$2,037,600
Total market value
$2,910,000
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
For Lease
Year built
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
21,476 SF
Lot
1.58 ac (68,999 SF)
Zoning code
IND.PK.
APN
208-14-852
UPID
US07-1295210
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Phoenix, AZ
Zoning IND.PK. · permitted uses
IND.PK. · 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
$4.7M
RESTAURANT
Est. value
$11.5M
AUTO REPAIR, GARAGE
Est. value
$9.1M
OFFICE BUILDING
Est. value
$6.4M
RETAIL STORES
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$5.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Pif55 1 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1171 KIPLING AVE, LOS ANGELES, CA 90041-1614
Ownership since
2020
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
Aug 12, 2020
$8,280,000
Pif55 1 LLC
Vwp Ssf Bell Industrial LP
Grant Deed
—
Jan 7, 2019
—
Vwp Ssf Bell Industrial LP
—
Loan Modification
related
$15,675,000 · National Bk/az
Jun 16, 2015
$4,225,000
Vwp Ssf Bell Industrial LP
Klefstad Companies INC
Grant Deed
$15,042,300 · National Bk/az
—
—
Klefstad Co INC
—
Deed Of Trust
related
$2,800,000 · Privatebank & Trust 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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