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Property profile & analytics
OFF-MARKET
Estimated value
$4,755,000
Warehouses
2317 Lone Cactus Dr Phoenix, AZ 85024-5507
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US07-0345212
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
CONCRETE
Total area
12,288 SF
Lot
1.13 ac (49,223 SF)
Zoning code
CP/GCP
APN
213-09-010B
UPID
US07-0345212
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
-
Saguaro Drywall Co Hardware & Home Improvement Interior Design
-
Saguaro Interior Finishes Painting Service General Contractor
-
Aspen Construction Inc Hardware & Home Improvement Interior Design
-
Aspen Interiors Inc Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.82M
Blend (final)
Blend
$4.76M
Owner & transaction history
Sands Drive Proprties LLC · 23 yrs held
Sands Drive Proprties LLC
since 2002
7 recorded transactions
Zoning & alternative use
CP/GCP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The most flexible option provides for a broad range of manufacturing, warehousing, distribution and supportive retail sales and services
Zone name
General Commerce Park
General category
INDUSTRIAL
Zone area
2,738.84 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.6M
+105.8%
Auto repair, garage
$5.2M
+62.8%
Office building
$3.7M
+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
WAREHOUSE, STORAGE
$3,190,000
Current use
RESTAURANT
$6,560,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,190,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$3,690,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$3,660,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$3,260,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,130,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±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
$387 / 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
$22,924
Tax year 2023
Assessed value
$403,392
Assessed 2024
Previous assessed
$308,295
+30.8% YoY
Effective rate
5.68%
On assessed value
Land market value
$446,600
Improvement market value
$1,998,200
Total market value
$2,444,800
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
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
12,288 SF
Lot
1.13 ac (49,223 SF)
Zoning code
CP/GCP
APN
213-09-010B
UPID
US07-0345212
Jurisdiction
MARICOPA
Zoning & alternative use
CP/GCP · Phoenix, AZZoning CP/GCP · permitted uses
CP/GCP · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The most flexible option provides for a broad range of manufacturing, warehousing, distribution and supportive retail sales and services
Zone name
General Commerce Park
General category
INDUSTRIAL
Zone area
2,738.84 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
RESTAURANT
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$5.2M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Sands Drive Proprties LLC
Entity
Mailing address
2317 E LONE CACTUS DR, PHOENIX, AZ 85024-5507
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2018
—
Sands Drive Properties LLC
—
Deed
related
$1,144,253 · National Bk/az
Dec 16, 2002
$290,000
Sands Drive Proprties LLC
Paz,benny M
Grant Deed
—
Dec 16, 2002
—
Benny M Paz
Paz,nikole M
Quit Claim Deed
related
—
Mar 11, 2002
—
Nikole M Paz
Paz,benny M
Quit Claim Deed
related
—
Aug 10, 1999
—
Benny M Paz
Martinez,roy D
Quit Claim Deed
related
—
Oct 26, 1993
—
Ray D Martinez
Matta
Grant Deed
related
—
—
—
Sands Drive Properties LLC
—
Loan Modification
related
$1,144,253 · National Bk/az
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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