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Property profile & analytics
OFF-MARKET
Estimated value
$5,590,000
Distribution centers
1825 Parkside Ln Phoenix, AZ 85027-1345
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1324418
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Construction
CONCRETE
Total area
18,168 SF
Lot
1.27 ac (55,527 SF)
Zoning code
IND.PK.
APN
209-02-106
UPID
US07-1324418
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
-
Cintas Fire Protection General Contractor Security Service
-
Cintas First Aid & Safety Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.67M
Blend (final)
Blend
$5.59M
Owner & transaction history
Erjbp Pharm Building LLC · 7 yrs held
Erjbp Pharm Building LLC
since 2019
7 recorded transactions
Zoning & alternative use
IND.PK. · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Auto repair, garage
$7.7M
+69.0%
Office building
$6.7M
+48.4%
Retail stores
$5.4M
+19.1%
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
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
WAREHOUSE, STORAGE
$4,545,000
Current use
AUTO REPAIR, GARAGE
$7,675,000
Change: +69% · Conversion: Easy
OFFICE BUILDING
$6,745,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$5,415,000
Change: +19% · Conversion: Moderate
MEDICAL BUILDING
$4,825,000
Change: +6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,625,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$5.59M
Range $5.03M – $6.15M · ±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
$308 / 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
$34,064
Tax year 2023
Assessed value
$653,648
Assessed 2024
Previous assessed
$578,102
+13.1% YoY
Effective rate
5.21%
On assessed value
Land market value
$977,000
Improvement market value
$2,984,500
Total market value
$3,961,500
Applied tax rate
971,300.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
18,168 SF
Lot
1.27 ac (55,527 SF)
Zoning code
IND.PK.
APN
209-02-106
UPID
US07-1324418
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Phoenix, AZZoning 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
Source
Public/Zoning (MapServer)
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$7.7M
OFFICE BUILDING
Est. value
$6.7M
RETAIL STORES
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Erjbp Pharm Building LLC
Entity
Mailing address
9343 E BAHIA DR, SCOTTSDALE, AZ 85260-1559
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
Erjpb Pharm Building LLC
—
Deed
related
$2,316,250 · First Citizens Bank & Trust Co
May 21, 2019
$2,520,000
Erjbp Pharm Building LLC
1825 Parkside Lane LLC
Special Warranty Deed
$4,000,000 · Wells Fargo Bank NA
Jul 5, 2018
—
1825 Parkside Lane LLC
—
Deed
related
$845,000 · First Fidelity Bank
May 4, 2018
$1,900,000
1825 Parkside Lane LLC
3700 Washington LLC
Grant Deed
—
Jul 11, 2006
$4,150,000
3700 Washington LLC
Darlar LLC
Special Warranty Deed
$2,730,000 · Wells Fargo Bank NA
Aug 19, 2004
—
Darlar LLC
—
Trustees Deed
related
$1,360,000 · Home National Bank
Jun 6, 2003
$255,980
Corridor Developer INC
Pinnacle Business Park LLC
Grant Deed
—
Jun 6, 2003
$355,370
Dariar LLC
Corridor Developer INC
Grant Deed
$266,525 · Home National Bank
—
—
Darlar LLC
—
Deed Of Trust
related
$2,040,000 · Home National 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.
Try Rey
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