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Property profile & analytics
OFF-MARKET
Estimated value
$23,630,000
Warehouses
3307 Greenway Rd, Phoenix, AZ 85053-3806
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2719032
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1973
Construction
CONCRETE
Total area
94,500 SF
Lot
6.46 ac (281,481 SF)
Zoning code
C-2
APN
207-09-254
UPID
US07-2719032
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
-
Trinity Fitness Phoenix Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.61M
Comparable Approach
Comparable
$33.02M
Blend (final)
Blend
$23.63M
Owner & transaction history
Ess Bgo I Sub Phoenix Az Greenway R · 3 yrs held
Ess Bgo I Sub Phoenix Az Greenway R
since 2023
Last sale
$19.7M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$28.4M
+15.6%
Retail stores
$28.2M
+14.8%
Medical building
$25.1M
+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
$22,620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,825,000
6.5%
$14,605,000
7%
$13,565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,525,000
Current use
OFFICE BUILDING
$28,360,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$28,160,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$25,085,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$24,055,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$23.63M
Range $21.27M – $25.99M · ±10% · vs last sale $19.73M (Feb 1 2023)
Last sale anchor
$19.73M
Feb 1 2023
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
$250 / 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
$122,306
Tax year 2023
Assessed value
$2,763,338
Assessed 2024
Previous assessed
$2,137,376
+29.3% YoY
Effective rate
4.43%
On assessed value
Land market value
$2,407,200
Improvement market value
$14,340,300
Total market value
$16,747,500
Applied tax rate
61,300.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
94,500 SF
Lot
6.46 ac (281,481 SF)
Zoning code
C-2
APN
207-09-254
UPID
US07-2719032
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-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
$24.5M
OFFICE BUILDING
Est. value
$28.4M
RETAIL STORES
Est. value
$28.2M
MEDICAL BUILDING
Est. value
$25.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.1M
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
1973
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
6.46 ac
Current owner
From public records · entity-resolved
Ess Bgo I Sub Phoenix Az Greenway R
Individual
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$19,725,000
Ess Bgo I Sub Phoenix Az Greenway R
Greenway Owner LLC
Special Warranty Deed
—
Dec 21, 2021
—
Greenway Owner LLC
—
Deed
related
$125,000,000 · Wells Fargo Bank NA
Nov 15, 2021
$16,000,000
Greenway Owner LLC
Wpc Greenway Storage LLC
Special Warranty Deed
—
Aug 4, 2020
—
Ar-pi 35th Ave & Greenway LLC
Evergreen-35 & Greenway LLC
Quit Claim Deed
related
—
Jul 2, 2019
—
Evergreen 3574 & Greenway LLC
Wpc Greenway Storage LLC
Grant Deed
—
Jun 21, 2019
—
Wpc Greenway Storage LLC
—
Loan Modification
related
$5,900,000 · Western Alliance Bk
Oct 10, 2018
—
Wpc Greenway Storage LLC
—
Grant Deed
related
$5,900,000 · Western Alliance Bk
Dec 28, 2017
$3,677,000
Wpc Greenway Storage LLC
35th & Greenway LLC
Grant Deed
—
Jan 9, 2009
—
35th & Greenway Co II
35th & Greenway Co II
Quit Claim Deed
related
$1,200,000 · Miscellaneous Ins Co
Nov 30, 2001
—
35th & Greenway Co II LP
Greenway Co LP
Quit Claim Deed
related
$1,526,250 · Bank One Arizona
Dec 21, 1988
$2,425,000
35th
—
Deed Of Trust
related
—
—
—
35th & Greenway LLC
—
Deed Of Trust
related
$1,900,000 · Keybank USA
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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