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Property profile & analytics
OFF-MARKET
Estimated value
$14,465,000
Distribution centers
2425 43rd Ave Phoenix, AZ 85009-6012
Individually Owned
17-yr Hold
Free & Clear
Property ID
US07-1628455
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Total area
34,090 SF
Lot
36.27 ac (1,580,129 SF)
Zoning code
A-1
APN
105-15-002K
UPID
US07-1628455
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
-
Estes Express Lines Trucking Company
-
Estes SureMove Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.59M
Blend (final)
Blend
$14.47M
Owner & transaction history
Express Lines Estes · 17 yrs held
Express Lines Estes
since 2009
1 recorded transaction
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.5M
+144.0%
Restaurant
$18.2M
+97.8%
Auto repair, garage
$10.8M
+17.8%
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
$9,200,000
Current use
COMMERCIAL (GENERAL)
$22,455,000
Change: +144% · Conversion: Difficult
RESTAURANT
$18,205,000
Change: +98% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,845,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$10,235,000
Change: +11% · Conversion: Easy
RETAIL STORES
$10,160,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$9,050,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$14.47M
Range $13.02M – $15.91M · ±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
$424 / 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
$156,199
Tax year 2023
Assessed value
$1,927,811
Assessed 2024
Previous assessed
$1,804,295
+6.8% YoY
Effective rate
8.10%
On assessed value
Land market value
$9,208,300
Improvement market value
$2,475,400
Total market value
$11,683,700
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
Heating
NONE
Buildings
6
Stories
1
Units
6
Total area
34,090 SF
Lot
36.27 ac (1,580,129 SF)
Zoning code
A-1
APN
105-15-002K
UPID
US07-1628455
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
WAREHOUSE, STORAGE Current
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$22.5M
RESTAURANT
Est. value
$18.2M
AUTO REPAIR, GARAGE
Est. value
$10.8M
INDUSTRIAL (GENERAL)
Est. value
$10.2M
RETAIL STORES
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$9.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
Heating
NONE
Stories
1
Buildings
6
Units
6
Lot
36.27 ac
Current owner
From public records · entity-resolved
Express Lines Estes
Individual
Free & Clear · 17 yrs held
Mailing address
3901 W BROAD ST, RICHMOND, VA 23230-3962
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2009
$8,500,000
Express Lines Estes
Yellow Freight System INC
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.
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