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Property profile & analytics
FOR SALE
Warehouses
21825 N 16Th St Phoenix, AZ 85024
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-1094749
For Sale
1 / 38
$3,250,000
21825 N 16Th St, Phoenix, AZ 85024
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Property summary
AI-generated overview
This exceptional Phoenix industrial property, located at 21825 N 16th St, 85024, offers a diverse range of spaces ideal for various businesses. Situated on a 2.5-acre lot (108,813 square feet) in the Deer Valley Industrial submarket, this Class B building boasts 7,850 total square feet, with 6,607 square feet currently vacant. The property features eight suites, with a minimum divisible space of 630 square feet and a maximum contiguous space of 6,607 square feet. Built in 1995, the building offers 10-foot ceilings and ample parking with 20 spaces. The property includes a mix of industrial and office space, previously utilized as a custom cabinet shop. Features include a phase converter, air-conditioned offices, and evaporative coolers in the shop area. The zoning is A-1 Industrial, providing excellent flexibility for various industrial uses. The location offers easy access to major freeways and other Valley locations. One available space includes approximately 576 square feet of office space and a 3,000-square-foot fenced yard. This property presents a unique opportunity for businesses seeking a versatile and well-located industrial space in Phoenix, Arizona.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
CONCRETE
Total area
3,520 SF
Lot
2.5 ac (108,813 SF)
Zoning code
A-1
APN
213-03-003U
UPID
US07-1094749
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
-
Orion Pools and Spas General Contractor
-
Handcrafted Cabinet & Furniture Co Hardware & Home Improvement Furniture & Home Goods
-
El Tapatio Envios Bank Credit Union
-
Envirofab Inc Metal Fabrication Plant Factory
-
Shine ALL (Pressure Washing) Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.53M
Owner & transaction history
Tcm Dev Corp · 10 yrs held
Tcm Dev Corp
since 2016
3 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+168.3%
Auto repair, garage
$1.5M
+62.8%
Office building
$1.1M
+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
COMMERCIAL (GENERAL)
$2,450,000
Change: +168% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,485,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$1,055,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,050,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$935,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±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
$433 / 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
$20,142
Tax year 2023
Assessed value
$324,720
Assessed 2024
Previous assessed
$277,440
+17.0% YoY
Effective rate
6.20%
On assessed value
Land market value
$900,200
Improvement market value
$1,067,800
Total market value
$1,968,000
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
For Sale
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Units
3
Total area
3,520 SF
Lot
2.5 ac (108,813 SF)
Zoning code
A-1
APN
213-03-003U
UPID
US07-1094749
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZ
Zoning A-1 · permitted uses
A-1 · 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
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$935,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
2.5 ac
Current owner
From public records · entity-resolved
Tcm Dev Corp
Entity
Mailing address
3745 W DYNAMITE BLVD, PHOENIX, AZ 85083-8634
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2016
—
Tcm Dev Corp
Tcm Develoment Corp
Quit Claim Deed
related
$620,025 · National Bk/az
—
—
Tcm Dev Corp
—
Deed Of Trust
related
$260,000 · Camelback Community Bank
—
—
Tcm Development Corp
—
Deed Of Trust
related
$400,000 · Camelback Community Bank
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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