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Property profile & analytics
OFF-MARKET
Estimated value
$25,915,000
Warehouses
3325 16th St Phoenix, AZ 85016-7105
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-2566257
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
123,830 SF
Lot
1.9 ac (82,668 SF)
APN
119-32-108D
UPID
US07-2566257
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.14M
Comparable Approach
Comparable
$29.40M
Blend (final)
Blend
$25.92M
Owner & transaction history
Ps Mountain West LLC · 2 yrs held
Ps Mountain West LLC
since 2023
Last sale
$22.8M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$34.3M
+6.7%
Medical building
$32.9M
+2.3%
Office building
$32.2M
+0.2%
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
$26,090,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,735,000
6.5%
$19,140,000
7%
$17,770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$32,140,000
Current use
RETAIL STORES
$34,300,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$32,870,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$32,190,000
Change: +0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$31,520,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$25.92M
Range $23.32M – $28.51M · ±10% · vs last sale $22.75M (Nov 2 2023)
Last sale anchor
$22.75M
Nov 2 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
$209 / 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
$236,133
Tax year 2023
Assessed value
$2,460,414
Assessed 2024
Previous assessed
$1,666,697
+47.6% YoY
Effective rate
9.60%
On assessed value
Land market value
$1,505,700
Improvement market value
$13,405,900
Total market value
$14,911,600
Applied tax rate
141,300.0000
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
2018
Stories
3
Total area
123,830 SF
Lot
1.9 ac (82,668 SF)
APN
119-32-108D
UPID
US07-2566257
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$32.1M
RETAIL STORES
Est. value
$34.3M
MEDICAL BUILDING
Est. value
$32.9M
OFFICE BUILDING
Est. value
$32.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
2018
Stories
3
Lot
1.9 ac
Current owner
From public records · entity-resolved
Ps Mountain West LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2023
$22,750,000
Ps Mountain West LLC
3325 N 16th Street Owner LLC
Special Warranty Deed
—
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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