1685 Litchfield Rd Goodyear, AZ 85338-1651
Entity Owned
Free & Clear
Estimated value (blended)
$41.08M
Range $36.97M – $45.19M (±10%)
Implied cap rate
8.10%
In-place · NOI ÷ last sale
Property ID
US07-1854581
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2021
Total area
274,176 SF
Lot
18.21 ac (793,107 SF)
Zoning code
I-2
APN
500-45-009P
UPID
US07-1854581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$41.08M
CAP Approach
CAP
$51.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.08M
Owner & transaction history
since 2026
Last sale
$41.1M
7 recorded transactions
Zoning & alternative use
I-2 · Goodyear, AZ
Zoning description
The purpose of I-2 zone is to promote and protect large and intensive industrial manufacturing plants and their appurtenant uses, and to provide attractive and well maintained, planned industrial parks for the location o…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$41.08M
Value range
$36.97M – $45.19M
±10% around blend
Estimated value / SF
$150 / SF
Confidence
None
1 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
10
$36.97M
blend $41.08M
$45.19M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
274,176 SF
Lot area
18.21 ac
Year built
2021
Stories
1
APN
500-45-009P
Assessed value
$4,006,433
Annual tax
$211,151
3
Income approach: direct capitalization
Partial preview
Income approach indication
$51.25M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$55.52M
@ 6.5% CAP return
$51.25M
@ 7% CAP return
$47.59M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$41.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 715 sales
$803
-81%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $150/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 1 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
8.10%
Implied, in-place cap rate for this showrooms
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.10%
9.0%
NOI (est.)
$2.88M *
Last sale · Jun 2024
$41.08M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$35.50M
Move the market yield to see immediate price impact.
Value / SF
$129
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.60%8.10%8.60%
$2.59M
$34.05M
$31.95M
$30.09M
$2.88M
$37.83M
$35.50M
$33.44M
$3.16M
$41.62M
$39.05M
$36.78M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
1 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$211,151
Tax year 2023
Assessed value
$4,006,433
Assessed 2024
Previous assessed
$4,006,433
+0.0% YoY
Effective rate
5.27%
On assessed value
Land market value
$3,470,500
Improvement market value
$20,810,912
Total market value
$24,281,412
Applied tax rate
440,800.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
274,176 SF
Lot
18.21 ac (793,107 SF)
Zoning code
I-2
APN
500-45-009P
UPID
US07-1854581
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Goodyear, AZZoning I-2 · permitted uses
I-2 · Goodyear, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of I-2 zone is to promote and protect large and intensive industrial manufacturing plants and their appurtenant uses, and to provide attractive and well maintained, planned industrial parks for the location o…
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Stories
1
Lot
18.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I-2
INDUSTRIAL
Jurisdiction
Goodyear, AZ
Recorded code
I-2
Official district
I-2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-2 in Goodyear, AZ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
You own 1685 Litchfield Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
