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Property profile & analytics
OFF-MARKET
Estimated value
$6,655,000
Distribution centers
2233 Magnolia St Phoenix, AZ 85034
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1017621
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1975
Construction
CONCRETE
Total area
39,798 SF
Lot
2.09 ac (90,959 SF)
Zoning code
A-2
APN
115-32-013E
UPID
US07-1017621
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
-
Carefree Events Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.68M
Blend (final)
Blend
$6.66M
Owner & transaction history
Stos Partners 80 Magnolia LLC · 1 yrs held
Stos Partners 80 Magnolia LLC
since 2025
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
Medical building
$10.6M
+27.4%
Neighborhood: shopping center
$10.1M
+22.2%
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
$8,290,000
Current use
MEDICAL BUILDING
$10,565,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,130,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$6.66M
Range $5.99M – $7.32M · ±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
$167 / 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
$39,891
Tax year 2023
Assessed value
$687,852
Assessed 2024
Previous assessed
$595,731
+15.5% YoY
Effective rate
5.80%
On assessed value
Land market value
$1,049,000
Improvement market value
$3,119,800
Total market value
$4,168,800
Applied tax rate
71,300.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
39,798 SF
Lot
2.09 ac (90,959 SF)
Zoning code
A-2
APN
115-32-013E
UPID
US07-1017621
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
WAREHOUSE, STORAGE Current
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$10.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
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
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Stos Partners 80 Magnolia LLC
Entity
Mailing address
1200 SNYDER LN, WALNUT CREEK, CA 94598-4417
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2025
—
Stos Partners 80 Magnolia LLC
—
Deed
related
$4,500,000 · C3bank National Association
Jul 24, 2025
$5,170,000
Stos Partners 80 Magnolia LLC
D Bruzzone LLC
Special Warranty Deed
$4,500,000 · C3bank National Association
Dec 28, 2012
$2,300,000
D Bruzzone LLC
Mms Phoenix LLC
Grant Deed
—
Sep 19, 2008
$1,993,254
Mms Phoenix LLC
Cal Of Az Portfolio No 1 LLC
Grant Deed
$1,600,000 · Southwest Bank
Jun 30, 2003
$1,453,490
Cal Az Portfolio #i LLC
Western Distribution Centers
Grant Deed
—
Sep 1, 1998
—
Western Distribution Centers
Presidio Associates L P
Grant Deed
$53,000,000 · Capital Co America LLC
Jul 15, 1997
—
Richard Smooke
Julie Smooke
Quit Claim Deed
related
—
Jul 15, 1997
$1,200,000
Presidio Associates L P
Barry Smooke
Trustees Deed
—
—
—
Barry Smooke
—
Deed Of Trust
related
—
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
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