OFF-MARKET
Warehouses
Individually Owned
5-yr Hold
~
Est. High Equity
Individually Owned Property summary
AI-generated overview
This exceptional 4,000-square-foot industrial property, located at 2001 W Cheryl Dr, Phoenix, AZ 85021, presents a significant opportunity for businesses seeking warehouse or distribution space in Maricopa County. The property is currently fully vacant and ready for immediate occupancy. The building features two dock-high doors, providing convenient loading and unloading capabilities. The space is served by three-phase power, essential for many industrial operations. The zoning designation is A-1. This versatile space is ideal for a variety of uses, making it an attractive option for companies needing efficient and functional warehouse or distribution facilities. The entire 4,000 square feet is available for lease as a single unit, offering ample room for storage, operations, and potential expansion. Its location in Phoenix offers excellent access to major transportation routes, facilitating seamless logistics and distribution throughout the region. This property represents a rare opportunity to secure a well-equipped industrial space in a highly desirable location. Inquire today to learn more about leasing this exceptional property.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
CONCRETE
Total area
8,000 SF
Lot
1.44 ac (62,689 SF)
Zoning code
I-1
APN
149-10-004V
UPID
US07-0082056
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
-
Auto Repair Shop
-
Auto Repair Shop
-
Metal Fabrication Plant Factory
-
Industrial Manufacturer Production Facility
-
Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$2.55M
Owner & transaction history
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
I-1 · Phoenix, AZ
Top alternative use upside
Auto repair, garage
$3.4M
+62.8%
Office building
$2.9M
+39.5%
Retail stores
$2.4M
+14.8%
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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.55M
Value range
$2.29M – $2.80M
±10% around blend
Estimated value / SF
$318 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
50
$2.29M
blend $2.55M
$2.80M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,000 SF
Lot area
1.44 ac
Year built
1972
Stories
1
APN
149-10-004V
Assessed value
$428,621
Annual tax
$20,250
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.22M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.3 mi away · 5,996 SF
6.0 mi away · 9,028 SF
8.4 mi away · 10,120 SF
9.6 mi away · 10,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.55M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 569 sales
$260
+23%
County 1139 sales
$205
+55%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $318/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+63%
vs current-use indication
Office Building
Retail Stores
Medical Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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 · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
2.40%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$166k *
Last sale · Jul 2021
$2.38M
* 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$6.93M
Move the market yield to see immediate price impact.
Value / SF
$867
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
1.90%2.40%2.90%
$150k
$7.88M
$6.24M
$5.16M
$166k
$8.76M
$6.93M
$5.74M
$183k
$9.63M
$7.63M
$6.31M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.56M
5.3 mi · Jan 2026 · $260/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,250
Tax year 2023
Assessed value
$428,621
Assessed 2024
Previous assessed
$304,844
+40.6% YoY
Effective rate
4.72%
On assessed value
Land market value
$703,200
Improvement market value
$1,894,500
Total market value
$2,597,700
Applied tax rate
61,300.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
8,000 SF
Lot
1.44 ac (62,689 SF)
Zoning code
I-1
APN
149-10-004V
UPID
US07-0082056
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Phoenix, AZZoning I-1 · permitted uses
I-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
1.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-1
Jurisdiction
Phoenix, AZ
Recorded code
I-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Phoenix, AZ.
What opens after registration
Zoning profile
2 official documentsVerified 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.
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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.
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