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Property profile & analytics
OFF-MARKET
Estimated value
$13,105,000
Distribution centers
2802 Virginia Ave Phoenix, AZ 85009-1716
Individually Owned
30-yr Hold
Free & Clear
Property ID
US07-1389111
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Construction
CONCRETE
Total area
60,165 SF
Lot
1 ac (43,560 SF)
Zoning code
A-2
APN
108-08-010E
UPID
US07-1389111
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
-
Big D Floor Covering Supplies Carpet & Flooring Store Hardware & Home Improvement
-
Modern Surface General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.28M
Blend (final)
Blend
$13.11M
Owner & transaction history
Albert W Isbell · 30 yrs held
Albert W Isbell
since 1996
4 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.1M
+17.8%
Industrial (general)
$18.1M
+11.2%
Retail stores
$17.9M
+10.4%
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
$16,240,000
Current use
AUTO REPAIR, GARAGE
$19,140,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$18,060,000
Change: +11% · Conversion: Easy
RETAIL STORES
$17,930,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$15,970,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$13.11M
Range $11.79M – $14.42M · ±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
$218 / 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
$56,859
Tax year 2023
Assessed value
$977,708
Assessed 2024
Previous assessed
$791,877
+23.5% YoY
Effective rate
5.82%
On assessed value
Land market value
$213,200
Improvement market value
$5,712,300
Total market value
$5,925,500
Applied tax rate
681,300.0000
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
60,165 SF
Lot
1 ac (43,560 SF)
Zoning code
A-2
APN
108-08-010E
UPID
US07-1389111
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning A-2 · permitted uses
A-2 · 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
$16.2M
AUTO REPAIR, GARAGE
Est. value
$19.1M
INDUSTRIAL (GENERAL)
Est. value
$18.1M
RETAIL STORES
Est. value
$17.9M
MEDICAL BUILDING
Est. value
$16.0M
WAREHOUSE, STORAGE Current
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Albert W Isbell
Individual
Free & Clear · 30 yrs held
Mailing address
2802 W VIRGINIA AVE, PHOENIX, AZ 85009-1716
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
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
May 7, 1996
—
Albert W Isbell
Charles N Walters Estate
Quit Claim Deed
related
—
May 7, 1996
$540,000
Heimburg,craig A & Carole
Albert Isbell
Trustees Deed
$440,000 · Seller
—
—
Kjb Supply Co INC
—
Deed Of Trust
related
$4,000,000 · Umb Bank Arizona NA
—
—
Albert W Isbell
—
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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