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Property profile & analytics
FOR LEASE
Flex space
2115 S 11Th Ave Phoenix, AZ 85007
Entity Owned
9-yr Hold
Free & Clear
Property ID
US07-1969708
For Lease
1 / 9
Contact for pricing
2115 S 11Th Ave, Phoenix, AZ 85007
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Property summary
AI-generated overview
This Class A, first-generation industrial warehouse offers 30,000 square feet of immediately available space, divisible to a minimum of 1,000 square feet, within a larger 40,000 square foot building. Strategically located in Phoenix, Arizona, at 2115 S 11th Ave, 85007, this property boasts convenient access to the I-17 and I-10 interchange, providing seamless freeway connectivity. The warehouse features four dock-high doors, making loading and unloading efficient. Security measures include video monitoring, an alarm system, and keyed entry, ensuring the safety of tenants and their goods. On-site amenities are plentiful and include ample free parking, a break room with lockers, restrooms, work rooms, and a tenant lounge. This facility is ideally suited for various businesses, including manufacturers, suppliers of heavy machinery and automotive parts, construction trades, and other factory goods providers. The property is located in Maricopa County.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2006
Construction
CONCRETE
Total area
126,500 SF
Lot
6.86 ac (298,692 SF)
Zoning code
A-2
APN
105-24-003
UPID
US07-1969708
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
-
Hamilton Wharehouse Electronics Accessories Wholesaler
-
Greg Smith Equipment Sales Auto Parts Store
-
The JAX Design Studios Interior Design Home Decor Store
-
American Olean & Marazzi Tile Hardware & Home Improvement Carpet & Flooring Store
-
Ryder Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.75M
Blend (final)
Blend
$34.56M
Owner & transaction history
Ci Phx I-gw LLC · 9 yrs held
Ci Phx I-gw LLC
since 2016
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of A-2 zone is to provide intensive use of property, open uses and storage, industrial processes which may involve significant amounts of heat, mechanical and chemical processing, large amounts of materials transfer, extended or multiple shift operation or large scaled structures
Zone name
Industrial
General category
INDUSTRIAL
Zone area
10,167.00 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$53.5M
+92.1%
Office building
$48.3M
+73.6%
Retail stores
$37.7M
+35.5%
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
INDUSTRIAL (GENERAL)
$27,830,000
Current use
AUTO REPAIR, GARAGE
$53,455,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$48,300,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$37,695,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$35,715,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$33,580,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$32,830,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$34.56M
Range $31.10M – $38.02M · ±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
$273 / 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
$133,515
Tax year 2023
Assessed value
$2,955,365
Assessed 2024
Previous assessed
$2,138,889
+38.2% YoY
Effective rate
4.52%
On assessed value
Land market value
$2,961,100
Improvement market value
$14,950,200
Total market value
$17,911,300
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
126,500 SF
Lot
6.86 ac (298,692 SF)
Zoning code
A-2
APN
105-24-003
UPID
US07-1969708
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZZoning A-2 · permitted uses
A-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of A-2 zone is to provide intensive use of property, open uses and storage, industrial processes which may involve significant amounts of heat, mechanical and chemical processing, large amounts of materials transfer, extended or multiple shift operation or large scaled structures
Zone name
Industrial
General category
INDUSTRIAL
Zone area
10,167.00 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$27.8M
AUTO REPAIR, GARAGE
Est. value
$53.5M
OFFICE BUILDING
Est. value
$48.3M
RETAIL STORES
Est. value
$37.7M
COMMERCIAL (GENERAL)
Est. value
$35.7M
MEDICAL BUILDING
Est. value
$33.6M
WAREHOUSE, STORAGE
Est. value
$32.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
6.86 ac
Current owner
From public records · entity-resolved
Ci Phx I-gw LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX A3837, CHICAGO, IL 60690-3837
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Ci Phx I-gw LLC
—
Deed
related
—
Feb 8, 2022
—
Ci Phx I Gw LLC
—
Deed
related
—
Dec 19, 2019
—
Ci Phx I Gw LLC
—
Deed
related
—
Sep 22, 2016
—
Ci Phx I-gw LLC
Colfin 2015-7 Indl Owner LLC
Grant Deed
—
Dec 14, 2015
$36,450,000
Colfin 2015-7 Indl Owner L
Cref Lcp LLC
Grant Deed
—
Apr 16, 2012
$26,100
Cref Lcp LLC
Lincoln Commerce Park II LP
Grant Deed
—
Aug 9, 2007
—
Lincoln Commerce Park LP
Owner Name Unavailable
Grant Deed
related
—
—
—
Cref Lcp LLC
—
Deed Of Trust
related
$13,000,000 · Hartford Life Insurance Co
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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