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Property profile & analytics
FOR SALE
Warehouses
1904 E Washington St Phoenix, AZ 85034
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1117950
For Sale
1 / 9
$1,565,000
1904 E Washington St, Phoenix, AZ 85034
View Listing →
Property summary
AI-generated overview
This exceptional industrial property, located at 1904-1910 E Washington St, Phoenix, AZ 85034, presents a compelling investment opportunity. The 10,000 square foot warehouse sits on a 0.36-acre lot and boasts a desirable C-3 zoning designation from the City of Phoenix. Built in 2000, this single-story building features a 10-foot clear height, providing ample storage and operational space. Three grade-level doors and one truck well ensure efficient loading and unloading. The property is fully fenced, enhancing security. Its strategic location offers unparalleled access to major transportation arteries, including I-10, Loop 202, US-60, and I-17, placing it within easy reach of Phoenix Sky Harbor International Airport. The property's Washington Street frontage benefits from high visibility and significant daily traffic volume (13,000 vehicles per day). The asking price for this well-maintained warehouse is $2,100,000. The property's APN is 115-03-088, 115-03-089. This is a rare opportunity to acquire a high-quality industrial asset in a thriving Phoenix location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Construction
CONCRETE
Total area
5,000 SF
Lot
0.18 ac (7,850 SF)
Zoning code
C-3
APN
115-03-088
UPID
US07-1117950
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
-
Nu Look Revinyling Furniture & Home Goods Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$970k
Owner & transaction history
Relentless Properties LLC · 3 yrs held
Relentless Properties LLC
since 2022
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+43.0%
Medical building
$1.3M
+27.4%
Neighborhood: shopping center
$1.3M
+22.2%
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
$1,250,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$590,000
7%
$545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,040,000
Current use
RETAIL STORES
$1,490,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$1,325,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,275,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $1.26M (Oct 5 2022)
Last sale anchor
$1.26M
Oct 5 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
$194 / 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
$3,458
Tax year 2023
Assessed value
$64,169
Assessed 2024
Previous assessed
$46,563
+37.8% YoY
Effective rate
5.39%
On assessed value
Land market value
$137,300
Improvement market value
$251,600
Total market value
$388,900
Applied tax rate
11,300.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1959
Construction
CONCRETE
Heating
SPACE
Cooling
YES
Stories
1
Total area
5,000 SF
Lot
0.18 ac (7,850 SF)
Zoning code
C-3
APN
115-03-088
UPID
US07-1117950
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZ
Zoning C-3 · permitted uses
C-3 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE Current
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
1959
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Relentless Properties LLC
Entity
Mailing address
1918 E WASHINGTON ST, PHOENIX, AZ 85034-1233
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
—
Relentless Properties LLC
Bridget Stella
Intrafamily Transfer
related
$522,000 · Cdc Small Business Finance Corp
Aug 26, 2022
$1,264,000
Relentless Properties LLC
Bradin Properties LLC
Special Warranty Deed
$632,000 · Desert Financial Cu
Mar 1, 2012
$550,000
Bradin Properties LLC
Collins Addition Investors LP
Grant Deed
$522,500 · Collins Addition Investors LP
Jul 9, 1993
$232,920
Collins Addition Investors LP
Horwitz Trust
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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