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Property profile & analytics
OFF-MARKET
Estimated value
$10,405,000
Distribution centers
240 48th Ave Phoenix, AZ 85043-3823
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1536101
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
CONCRETE
Total area
83,200 SF
Lot
4.55 ac (198,361 SF)
Zoning code
A-1
APN
104-02-005N
UPID
US07-1536101
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.41M
CAP Approach
CAP
$9.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.41M
Owner & transaction history
240 N 48th Avenue Owner LLC · 1 yrs held
240 N 48th Avenue Owner LLC
since 2025
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
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
$10,405,000
ML approach
$10,405,000
CAP Approach
CAP Return
Estimation
6%
$10,590,000
6.5%
$9,775,000
7%
$9,080,000
Blend value · Realmo final
$10.41M
Range $9.36M – $11.45M · ±10% · vs last sale $10.41M (Sep 17 2024)
Last sale anchor
$10.41M
Sep 17 2024
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
$125 / 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
$69,301
Tax year 2023
Assessed value
$1,531,794
Assessed 2024
Previous assessed
$1,531,794
+0.0% YoY
Effective rate
4.52%
On assessed value
Land market value
$1,314,600
Improvement market value
$7,969,000
Total market value
$9,283,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
83,200 SF
Lot
4.55 ac (198,361 SF)
Zoning code
A-1
APN
104-02-005N
UPID
US07-1536101
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZZoning 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
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.55 ac
Current owner
From public records · entity-resolved
240 N 48th Avenue Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
669 N 2ND ST #3, ENCINITAS, CA 92024-3507
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
$10,407,208
240 N 48th Avenue Owner LLC
Ll Capital Investments LLC
Special Warranty Deed
—
Oct 21, 2024
—
240 N 48th Avenue Owner LLC
Ll Capital Investments LLC
Re-recorded Document
related
—
Sep 17, 2024
$10,407,208
240 N 48th Avenue Owner LLC
Ll Capital Investments LLC
Special Warranty Deed
—
Sep 25, 2019
$7,468
Quantico Plastcis Group INC
Colfin Cobalt III Owner LLC
Special Warranty Deed
$5,840,000 · Bmo Harris Bank NA
Dec 22, 2014
$25,319,978
Colfin Cobalt I-ii Owner Ll
Cobalt Industrial Reit II
Grant Deed
related
—
Sep 26, 2012
—
Cobalt Industrial Reit II
—
Deed Of Trust
related
$120,000,000 · Bank Of America
—
—
Colfin Cobalt I-ii Owner LLC
—
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.
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