Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$27,240,000
Warehouses
220 48th Ave Phoenix, AZ 85043-3824
Entity Owned
Free & Clear
Property ID
US07-3272540
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
CONCRETE
Total area
83,200 SF
Lot
4.36 ac (189,771 SF)
Zoning code
I-1
APN
104-02-005R
UPID
US07-3272540
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
-
Inmar Abbott Storage Facility Distribution Center
-
Contrivance Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.52M
Blend (final)
Blend
$27.24M
Owner & transaction history
Sapphire Willow Industrial Az Owner LLC
Sapphire Willow Industrial Az Owner LLC
since 2026
5 recorded transactions
Zoning & alternative use
I-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Public/Zoning (MapServer)
Top alternative use upside
Restaurant
$44.4M
+62.9%
Auto repair, garage
$35.2M
+28.9%
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
$27,270,000
Current use
RESTAURANT
$44,430,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$35,155,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$24,970,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$24,790,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$22,085,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$27.24M
Range $24.52M – $29.96M · ±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
$327 / 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
$60,688
Tax year 2023
Assessed value
$1,216,446
Assessed 2024
Previous assessed
$935,765
+30.0% YoY
Effective rate
4.99%
On assessed value
Land market value
$1,090,200
Improvement market value
$6,282,200
Total market value
$7,372,400
Applied tax rate
21,300.0000
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
83,200 SF
Lot
4.36 ac (189,771 SF)
Zoning code
I-1
APN
104-02-005R
UPID
US07-3272540
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
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
$27.3M
RESTAURANT
Est. value
$44.4M
AUTO REPAIR, GARAGE
Est. value
$35.2M
OFFICE BUILDING
Est. value
$25.0M
RETAIL STORES
Est. value
$24.8M
MEDICAL BUILDING
Est. value
$22.1M
WAREHOUSE, STORAGE Current
RESTAURANT
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.36 ac
Current owner
From public records · entity-resolved
Sapphire Willow Industrial Az Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX A2879, CHICAGO, IL 60690
Ownership since
2026
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
Apr 28, 2026
—
Sapphire Willow Industrial Az Owner LLC
Colfin Cobalt I-ii Owner LLC
Special Warranty Deed
—
Feb 8, 2022
—
Colfin Cobalt I II Owner LLC
—
Deed
related
—
Dec 19, 2019
—
Colfin Cobal I II Owner LLC
—
Deed
related
—
Dec 22, 2014
$25,319,978
Colfin Cobalt I-ii Owner Ll
Cobalt Industrial Reit II
Grant Deed
—
Jun 28, 2007
$19,163,369
Cobalt Industrial Reit II
First Industrial
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 220 48th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
