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Property profile & analytics
OFF-MARKET
Estimated value
$7,720,000
Warehouses
261 University Dr, Phoenix, AZ 85004-2921
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US07-2666695
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
41,906 SF
Lot
3.47 ac (151,094 SF)
Zoning code
I-1
APN
112-42-217
UPID
US07-2666695
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
-
Trendwood (Manufacturing plant 2) Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.29M
CAP Approach
CAP
$4.93M
Comparable Approach
Comparable
$10.73M
Blend (final)
Blend
$7.72M
Owner & transaction history
Twc University Drive Properties LLC
Twc University Drive Properties LLC
since 2025
Last sale
$8.7M
6 recorded transactions
Zoning & alternative use
I-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.7M
+16.5%
Retail stores
$12.5M
+14.8%
Medical building
$11.1M
+2.3%
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
$5,290,000
ML approach
$5,290,000
CAP Approach
CAP Return
Estimation
6%
$5,335,000
6.5%
$4,925,000
7%
$4,575,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,875,000
Current use
OFFICE BUILDING
$12,665,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$12,485,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$11,125,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,665,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$7.72M
Range $6.95M – $8.49M · ±10% · vs last sale $8.69M (Jun 19 2025)
Last sale anchor
$8.69M
Jun 19 2025
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
$184 / 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
$34,382
Tax year 2023
Assessed value
$897,650
Assessed 2024
Previous assessed
$897,650
+0.0% YoY
Effective rate
3.83%
On assessed value
Land market value
$1,633,600
Improvement market value
$3,806,700
Total market value
$5,440,300
Applied tax rate
11,300.0000
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
1979
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
41,906 SF
Lot
3.47 ac (151,094 SF)
Zoning code
I-1
APN
112-42-217
UPID
US07-2666695
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Phoenix, AZ
Zoning I-1 · permitted uses
I-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
$10.9M
OFFICE BUILDING
Est. value
$12.7M
RETAIL STORES
Est. value
$12.5M
MEDICAL BUILDING
Est. value
$11.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.7M
WAREHOUSE, STORAGE Current
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
1979
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.47 ac
Current owner
From public records · entity-resolved
Twc University Drive Properties LLC
Entity
Mailing address
1720 S BELLAIRE ST STE #1209, DENVER, CO 80222-4336
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$8,685,885
Twc University Drive Properties LLC
New Vic 2024 LLC
Special Warranty Deed
$6,525,000 · Washington Federal NA
Sep 18, 2024
$5,287,500
New Vic 2024 LLC
Trendwood INC
Special Warranty Deed
$4,875,000 · Banterra Bank
Dec 14, 2022
—
Trendwood INC
—
Deed
related
$500,000 · Enterprise Bank & Trust
Dec 20, 2019
—
Trendwood INC
—
Deed
related
$1,500,000 · Enterprise Bank & Trust
Jun 27, 2016
—
Trendwood INC
—
Deed
related
$1,624,000 · Arizona Business Bank
May 2, 2008
—
Trendwood INC
Owner Name Unavailable
Grant Deed
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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