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Property profile & analytics
OFF-MARKET
Estimated value
$20,290,000
Warehouses
20618 Cave Crk Rd Phoenix, AZ 85024-4401
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0870835
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
CONCRETE
Total area
61,671 SF
Lot
2.31 ac (100,459 SF)
Zoning code
C-C
APN
213-08-117
UPID
US07-0870835
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
-
Comforters & Comforter Sets Furniture & Home Goods Home Decor Store
-
U-Haul Moving & Storage at Cave Creek Car Rental Facility
-
Moving Supplies at U-Haul Big Box & Wholesale Store
-
Truck Sales at U-Haul Car Dealership
-
Propane Refill at U-Haul Propane Supplier Fuel Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.58M
Blend (final)
Blend
$20.29M
Owner & transaction history
Mercury Storage 2 LLC · 2 yrs held
Mercury Storage 2 LLC
since 2024
2 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Restaurant
$32.9M
+105.8%
Auto repair, garage
$26.1M
+62.8%
Office building
$18.5M
+15.6%
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
$16,005,000
Current use
RESTAURANT
$32,935,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,060,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$18,505,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$18,375,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$16,370,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,695,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$20.29M
Range $18.26M – $22.32M · ±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
$329 / 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
$72,883
Tax year 2023
Assessed value
$1,721,957
Assessed 2024
Previous assessed
$1,287,240
+33.8% YoY
Effective rate
4.23%
On assessed value
Land market value
$1,606,800
Improvement market value
$8,829,300
Total market value
$10,436,100
Applied tax rate
691,300.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Total area
61,671 SF
Lot
2.31 ac (100,459 SF)
Zoning code
C-C
APN
213-08-117
UPID
US07-0870835
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZZoning C-C · permitted uses
C-C · 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
$16.0M
RESTAURANT
Est. value
$32.9M
AUTO REPAIR, GARAGE
Est. value
$26.1M
OFFICE BUILDING
Est. value
$18.5M
RETAIL STORES
Est. value
$18.4M
MEDICAL BUILDING
Est. value
$16.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.7M
WAREHOUSE, STORAGE Current
RESTAURANT
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
1999
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Lot
2.31 ac
Current owner
From public records · entity-resolved
Mercury Storage 2 LLC
Entity
Mailing address
207 E CLARENDON AVE, PHOENIX, AZ 85012-2072
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2024
—
Mercury Storage 2 LLC
Uh Storage De Limited Partnership
Special Warranty Deed
$97,000,000 · Pgim Real Estate Finance LLC
May 18, 2004
—
Storage De Uh
Bmo Global Cap Solutions INC
Grant Deed
related
—
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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