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317 S 48Th St, Phoenix, AZ 85034
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Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
CONCRETE
Total area
112,213 SF
Lot
12.17 ac (530,256 SF)
Zoning code
A-2
APN
124-11-010
UPID
US07-0738059
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
-
Corporate Office
-
Real Estate Agency
-
Warehouse & Storage
-
Building Supply Electrical Service
-
Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.13M
Blend (final)
Blend
$34.32M
Owner & transaction history
since 2021
Last sale
$33.0M
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning description
The purpose of A-2 zone is to provide intensive use of property, open uses and storage, industrial processes which may involve significant amounts of heat, mechanical and chemical processing, large amounts of materials t…
General category
INDUSTRIAL
Top alternative use upside
Auto repair, garage
$47.4M
+102.8%
Retail stores
$33.4M
+43.0%
Medical building
$29.8M
+27.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 15 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$34.32M
Value range
$30.89M – $37.75M
±10% around blend
Estimated value / SF
$306 / SF
Confidence
High
15 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$30.89M
blend $34.32M
$37.75M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
112,213 SF
Lot area
12.17 ac
Year built
1990
Stories
1
APN
124-11-010
Assessed value
$5,486,630
Annual tax
$393,762
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$20.69M
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.0 mi away · 85,680 SF
5.5 mi away · 137,757 SF
7.8 mi away · 102,731 SF
10.3 mi away · 82,578 SF
11.3 mi away · 108,044 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$34.32M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 80 sales
$208
+47%
Submarket 569 sales
$260
+18%
County 1139 sales
$205
+49%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $306/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+103%
vs current-use indication
Retail Stores
Medical Building
Neighborhood: Shopping Center
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
2.40%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$2.31M *
Last sale · Jun 2021
$33.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$96.25M
Move the market yield to see immediate price impact.
Value / SF
$858
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.90%2.40%2.90%
$2.08M
$109.42M
$86.63M
$71.69M
$2.31M
$121.58M
$96.25M
$79.66M
$2.54M
$133.74M
$105.88M
$87.62M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$17.50M
4.8 mi · Dec 2025 · $216/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$393,762
Tax year 2023
Assessed value
$5,486,630
Assessed 2024
Previous assessed
$4,328,302
+26.8% YoY
Effective rate
7.18%
On assessed value
Land market value
$3,692,800
Improvement market value
$29,559,500
Total market value
$33,252,300
Applied tax rate
311,300.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1990
Construction
CONCRETE
Heating
SPACE
Buildings
3
Stories
1
Units
3
Total area
112,213 SF
Lot
12.17 ac (530,256 SF)
Zoning code
A-2
APN
124-11-010
UPID
US07-0738059
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZZoning A-2 · permitted uses
A-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of A-2 zone is to provide intensive use of property, open uses and storage, industrial processes which may involve significant amounts of heat, mechanical and chemical processing, large amounts of materials t…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE
Heating
SPACE
Stories
1
Buildings
3
Units
3
Lot
12.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
A-2
INDUSTRIAL
Jurisdiction
Phoenix, AZ
Recorded code
A-2
Official district
A-2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for A-2 in Phoenix, AZ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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