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Property profile

2540 29th Ave Phoenix, AZ 85009

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US07-1766067
View Sample
101,945 SF 27.08 ac lot Built 2019
Entity Owned 8-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 2019
Construction CONCRETE
Total area 101,945 SF
Lot 27.08 ac (1,179,673 SF)
Zoning code A-1
APN 108-08-017E
UPID US07-1766067

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Distribution Center Logistics Company
  • Food Processing Plant
  • Warehouse & Storage

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$43.63M
Blend (final) Blend
$43.26M

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

A-1 · Phoenix, AZ
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

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $67.2M +144.0%
Restaurant $54.4M +97.8%
Auto repair, garage $32.4M +17.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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