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Property profile & analytics
OFF-MARKET
Estimated value
$17,270,000
Warehouses
16951 Camelback Rd, Litchfield Park, AZ 85340-5642
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-2526948
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
CONCRETE
Total area
50,184 SF
Lot
10.06 ac (438,023 SF)
Zoning code
PAD
APN
501-02-935
UPID
US07-2526948
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.55M
Blend (final)
Blend
$17.27M
Owner & transaction history
Fr Pv 303 Phase 3 LLC · 7 yrs held
Fr Pv 303 Phase 3 LLC
since 2019
1 recorded transaction
Zoning & alternative use
PAD · Litchfield Park, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$28.6M
+178.6%
Auto repair, garage
$22.3M
+117.0%
Retail stores
$16.9M
+64.4%
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 Litchfield Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Litchfield Park 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
RESTAURANT
$28,610,000
Change: +179% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,280,000
Change: +117% · Conversion: Easy
RETAIL STORES
$16,880,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,850,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$12,775,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$12,005,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$17.27M
Range $15.54M – $19.00M · ±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
$344 / 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
$94,759
Tax year 2023
Assessed value
$1,748,779
Assessed 2024
Previous assessed
$1,478,809
+18.3% YoY
Effective rate
5.42%
On assessed value
Land market value
$2,747,300
Improvement market value
$7,913,800
Total market value
$10,661,100
Applied tax rate
790,809.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
50,184 SF
Lot
10.06 ac (438,023 SF)
Zoning code
PAD
APN
501-02-935
UPID
US07-2526948
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Litchfield Park, AZ
Zoning PAD · permitted uses
PAD · Litchfield Park, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Litchfield Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$28.6M
AUTO REPAIR, GARAGE
Est. value
$22.3M
RETAIL STORES
Est. value
$16.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.9M
MEDICAL BUILDING
Est. value
$12.8M
OFFICE BUILDING
Est. value
$12.0M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE 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
1
Buildings
2
Units
2
Lot
10.06 ac
Current owner
From public records · entity-resolved
Fr Pv 303 Phase 3 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
311 S WACKER DR #3900, CHICAGO, IL 60606-6627
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2019
$1,759,824
Fr Pv 303 Phase 3 LLC
Mps Camelback LLC
Grant Deed
—
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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