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Property profile & analytics
OFF-MARKET
Estimated value
$15,055,000
Distribution centers
24688 19th Ave Phoenix, AZ 85085-1828
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US07-0770357
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Construction
CONCRETE
Total area
41,010 SF
Lot
2.77 ac (120,690 SF)
Zoning code
CP/BP
APN
210-05-042
UPID
US07-0770357
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
-
Blanket Wrapped Delivery Courier Service Postal Service
-
Paddy O' Furniture Furniture & Home Goods Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.27M
Blend (final)
Blend
$15.06M
Owner & transaction history
Teepee Dev LLC · 21 yrs held
Teepee Dev LLC
since 2005
4 recorded transactions
Zoning & alternative use
CP/BP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.9M
+105.8%
Auto repair, garage
$17.3M
+62.8%
Retail stores
$12.2M
+14.8%
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
$10,645,000
Current use
RESTAURANT
$21,900,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,330,000
Change: +63% · Conversion: Easy
RETAIL STORES
$12,220,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$10,885,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,440,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$15.06M
Range $13.55M – $16.56M · ±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
$367 / 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
$59,143
Tax year 2023
Assessed value
$1,277,711
Assessed 2024
Previous assessed
$1,103,198
+15.8% YoY
Effective rate
4.63%
On assessed value
Land market value
$2,176,800
Improvement market value
$5,566,900
Total market value
$7,743,700
Applied tax rate
971,300.0000
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
41,010 SF
Lot
2.77 ac (120,690 SF)
Zoning code
CP/BP
APN
210-05-042
UPID
US07-0770357
Jurisdiction
MARICOPA
Zoning & alternative use
CP/BP · Phoenix, AZ
Zoning CP/BP · permitted uses
CP/BP · 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
$10.6M
RESTAURANT
Est. value
$21.9M
AUTO REPAIR, GARAGE
Est. value
$17.3M
RETAIL STORES
Est. value
$12.2M
MEDICAL BUILDING
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.4M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.77 ac
Current owner
From public records · entity-resolved
Teepee Dev LLC
Entity
Mailing address
20635 N CAVE CRK RD, PHOENIX, AZ 85024-4403
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2016
—
Teepee Dev LLC
—
Deed
related
$2,600,000 · Western Alliance Bk
Jun 30, 2005
$1,478,452
Teepee Dev LLC
Rrs Investments III LLC
Grant Deed
$3,485,380 · Bank Of America
—
—
Teepee Dev LLC
—
Deed Of Trust
related
$2,600,000 · Alliance Bk/az
—
—
Teepee Dev LLC
—
Loan Modification
related
$2,600,000 · Western Alliance Bk
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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