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Property profile & analytics
OFF-MARKET
Estimated value
$53,075,000
Flex space
2200 43rd Ave Phoenix, AZ 85043-3909
Entity Owned
Free & Clear
Property ID
US07-2400255
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2017
Construction
CONCRETE
Total area
250,043 SF
Lot
15.79 ac (687,772 SF)
Zoning code
A-1
APN
104-42-001N
UPID
US07-2400255
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
-
CAPS Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$72.35M
Blend (final)
Blend
$53.08M
Owner & transaction history
Phoenix Kk LLC
Phoenix Kk LLC
since 2025
Last sale
$34.2M
7 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$82.0M
+49.0%
Office building
$75.0M
+36.4%
Retail stores
$74.5M
+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)
$55,010,000
Current use
WAREHOUSE, STORAGE
$81,960,000
Change: +49% · Conversion: Easy
OFFICE BUILDING
$75,040,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$74,510,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$66,370,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$53.08M
Range $47.77M – $58.38M · ±10% · vs last sale $34.20M (Dec 29 2025)
Last sale anchor
$34.20M
Dec 29 2025
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
$212 / 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
$391,841
Tax year 2023
Assessed value
$6,152,916
Assessed 2024
Previous assessed
$5,345,650
+15.1% YoY
Effective rate
6.37%
On assessed value
Land market value
$3,981,300
Improvement market value
$33,309,100
Total market value
$37,290,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
250,043 SF
Lot
15.79 ac (687,772 SF)
Zoning code
A-1
APN
104-42-001N
UPID
US07-2400255
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
INDUSTRIAL (GENERAL) Current
Est. value
$55.0M
WAREHOUSE, STORAGE
Est. value
$82.0M
OFFICE BUILDING
Est. value
$75.0M
RETAIL STORES
Est. value
$74.5M
MEDICAL BUILDING
Est. value
$66.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2017
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
15.79 ac
Current owner
From public records · entity-resolved
Phoenix Kk LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1900 AVE OF THE STARS, LOS ANGELES, CA 90067-4301
Ownership since
2025
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
Dec 29, 2025
$34,200,000
Phoenix Kk LLC
Phoenix 43rd St LLC
Special Warranty Deed
—
Jul 9, 2025
$34,200,000
Phoenix 43rd St LLC
Novi 43rd Tic Member LLC
Special Warranty Deed
—
Feb 1, 2021
—
Novi 43rd Tic Member LLC
Cgt Tic Member LLC
Special Warranty Deed
—
Mar 28, 2019
—
Novi 43rd Tic Member LLC
—
Deed
related
$14,500,000 · Bankers Tr
Jan 29, 2019
$24,679,244
Cgt Tic Member LLC
Provident Merit Arizona Ll
Grant Deed
$13,500,000 · Bankers Tr
Oct 17, 2016
—
Provident Merit Arizona Dev Ll
—
Deed Of Trust
related
$11,291,000 · Western Alliance Bk
Sep 29, 2016
$2,957,888
Provident Merit Arizona Dev
Lower Buckeye Indl Park L
Grant Deed
—
—
—
Novi 43rd Tic Member LLC
—
Loan Modification
related
$14,500,000 · Bankers Tr
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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