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Property profile & analytics
OFF-MARKET
Estimated value
$33,915,000
Distribution centers
301 45th Ave Phoenix, AZ 85043-2906
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-0395797
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
CONCRETE
Total area
76,950 SF
Lot
5.38 ac (234,222 SF)
Zoning code
CP/GCP
APN
103-33-039
UPID
US07-0395797
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
-
Willie Itule Produce, Inc. Agricultural Supply Food Market
-
Air Liquide America Corporation Industrial Gas Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.26M
Blend (final)
Blend
$33.92M
Owner & transaction history
W & L Investments Partners LLP · 10 yrs held
W & L Investments Partners LLP
since 2016
7 recorded transactions
Zoning & alternative use
CP/GCP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The most flexible option provides for a broad range of manufacturing, warehousing, distribution and supportive retail sales and services
Zone name
General Commerce Park
General category
INDUSTRIAL
Zone area
2,738.84 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$53.6M
+112.5%
Restaurant
$41.1M
+62.9%
Auto repair, garage
$32.5M
+28.9%
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
$25,225,000
Current use
COMMERCIAL (GENERAL)
$53,590,000
Change: +112% · Conversion: Difficult
RESTAURANT
$41,095,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$32,515,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$23,095,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$22,930,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$20,425,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$33.92M
Range $30.52M – $37.31M · ±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
$441 / 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
$114,049
Tax year 2023
Assessed value
$1,514,420
Assessed 2024
Previous assessed
$1,378,717
+9.8% YoY
Effective rate
7.53%
On assessed value
Land market value
$1,555,000
Improvement market value
$7,623,300
Total market value
$9,178,300
Applied tax rate
51,300.0000
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
76,950 SF
Lot
5.38 ac (234,222 SF)
Zoning code
CP/GCP
APN
103-33-039
UPID
US07-0395797
Jurisdiction
MARICOPA
Zoning & alternative use
CP/GCP · Phoenix, AZZoning CP/GCP · permitted uses
CP/GCP · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The most flexible option provides for a broad range of manufacturing, warehousing, distribution and supportive retail sales and services
Zone name
General Commerce Park
General category
INDUSTRIAL
Zone area
2,738.84 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$25.2M
COMMERCIAL (GENERAL)
Est. value
$53.6M
RESTAURANT
Est. value
$41.1M
AUTO REPAIR, GARAGE
Est. value
$32.5M
OFFICE BUILDING
Est. value
$23.1M
RETAIL STORES
Est. value
$22.9M
MEDICAL BUILDING
Est. value
$20.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.38 ac
Current owner
From public records · entity-resolved
W & L Investments Partners LLP
Entity
Mailing address
926 E JACKSON ST, PHOENIX, AZ 85034-2254
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2020
—
W & L Investments Partners LLP
—
Deed
related
$13,158,000 · Umb Bk
Feb 5, 2016
$5,700,000
W & L Investments Partners LLP
Omp Pccp 45th Avenue LLC
Special Warranty Deed
$8,965,000 · Meridian Bank
Nov 12, 2014
$4,250,000
Overton Moore Properties
Mason Props Freeport LLC
Grant Deed
—
Feb 3, 2011
$2,262,400
Mason Properties Freeport LLC
Sidehill Phoenix LLC
Grant Deed
—
Dec 3, 2002
$3,200,000
Sidehill Phoenix LLC
Phoenix Turney Partners LLC
Grant Deed
related
$2,025,000 · Thrivent Financial For Luthera
Jun 28, 2002
$3,250,000
Phoenix Turney Partners LLC
Harrison Development LLC
Grant Deed
$2,000,000 · Bank One NA
Jun 28, 2002
$6,000,000
Harrison Phoenix LLC
M & M Phoenix LLC
Grant Deed
—
Apr 30, 2002
$745,660
Buzz Oates Enterprises Az LLC
Kppic Associates LLC
Grant Deed
—
Jun 20, 2001
—
M & M Phoenix LLC
M & M Trust
Quit Claim Deed
related
—
Sep 1, 1999
$2,738,000
M&m Trust
Buzz Oates Enterprises Az LLC
Grant Deed
—
Oct 31, 1996
$1,200,000
Buzz Oates Enterprises Arizona
Larry Allbaugh
Grant Deed
$1,200,000 · Buzz Oates Enterprises II
Dec 20, 1995
—
Larry Allbaugh
Laura Allbaugh
Quit Claim Deed
related
—
Dec 20, 1995
$2,290,664
Allbaugh,larry
Catellus Development Corp
Trustees Deed
—
Dec 22, 1988
—
Oltmans Investme
Unknown
Grant Deed
related
—
—
—
W & L Investments Partners LLP
—
Loan Modification
related
$13,158,000 · Umb 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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