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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Warehouses
21018 22nd St Phoenix, AZ 85024-5505
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-3385279
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
13,500 SF
Lot
0.95 ac (41,382 SF)
Zoning code
CP/BP
APN
213-09-029
UPID
US07-3385279
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
-
Vacation Lister Vacation Rental Real Estate Agency
-
it's on a tee Custom T-Shirt Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.25M
Owner & transaction history
Traditional Properties LLC · 4 yrs held
Traditional Properties LLC
since 2022
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
CP/BP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone option allows permits assembly, warehousing and shipping activities along with retail services selected to support these broader activities.
Zone name
Commerce And Business Park
General category
COMMERCIAL
Zone area
1,619.98 ac
Source
Realmo
Top alternative use upside
Medical building
$3.6M
+2.3%
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
$2,450,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,720,000
6.5%
$1,585,000
7%
$1,475,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,505,000
Current use
MEDICAL BUILDING
$3,585,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,435,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10% · vs last sale $2.48M (Jan 31 2022)
Last sale anchor
$2.48M
Jan 31 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
$166 / 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
$20,284
Tax year 2023
Assessed value
$374,649
Assessed 2024
Previous assessed
$263,789
+42.0% YoY
Effective rate
5.41%
On assessed value
Land market value
$383,100
Improvement market value
$1,887,500
Total market value
$2,270,600
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
13,500 SF
Lot
0.95 ac (41,382 SF)
Zoning code
CP/BP
APN
213-09-029
UPID
US07-3385279
Jurisdiction
MARICOPA
Zoning & alternative use
CP/BP · Phoenix, AZZoning CP/BP · permitted uses
CP/BP · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone option allows permits assembly, warehousing and shipping activities along with retail services selected to support these broader activities.
Zone name
Commerce And Business Park
General category
COMMERCIAL
Zone area
1,619.98 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
WAREHOUSE, STORAGE Current
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
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Traditional Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2477 COMMERCE BLVD STE A, GRAND JUNCTION, CO 81505-1265
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$2,475,000
Traditional Properties LLC
Quail Equities LLC
Special Warranty Deed
—
Feb 28, 2020
$1,215,000
Quail Equities LLC
16-22-114 LLC
Grant Deed
—
Nov 21, 2014
$915,000
16-22-114 LLC
International Sunprints II
Grant Deed
—
Apr 26, 2006
$1,600,000
Sunprints International III
Kast LLC
Warranty Deed
$831,000 · Compass Bank
—
—
16-22-114 LLC
—
Deed Of Trust
related
$2,992,000 · Western Alliance Bk
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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