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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    355 83rd Ave Tolleson, AZ 85353-3308

    • Warehouses
    • 6,150 SF
    • 3.00 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2022
    $1,700,000
    Value Estimations
    $1,710,000
    Show details
    Cap Rate Potential
    3.8%
    Warehouses
    Location Intelligence
    Property ID
    US07-0395398
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Truck & Trailer Services / Truck Repair Shop
    • Singh Truck, Trailer and Tire Services / Truck Repair Shop

    Property Details for 355 83rd Ave

    Year built
    1964
    Lot size
    3.00 lot acres
    Property size
    6,150 SF
    Zone code
    IND-3
    Property type
    Warehouses
    APN
    104-12-003
    APU
    10412003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,685,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,795,000
      Market price range: $653k - $2.20M
      AI Estimate
      $1,737,000
      Market price range: $604k - $2.11M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,260,000
      Current use
      AUTO REPAIR, GARAGE
      $2,730,000
      Change: +117% Conversion: Easy
      RETAIL STORES
      $2,070,000
      Change: +64% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,940,000
      Change: +54% Conversion: Moderate
      MEDICAL BUILDING
      $1,565,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $1,470,000
      Change: +17% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tolleson
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.237
    Latitude
    33.4444
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,838
    $0.00
    $0.00
    $178,845
    -
    $903,600
    $180,311
    $1,083,911

    Comparable in this City

    • Value Estimation
      $1,220,000
      67,881 SF

      407 107th Ave

      WAREHOUSE, STORAGE • 67,881 SF
      407 107th Ave, Tolleson, AZ 85353-9424
      View Details
    • Value Estimation by Request
      140,657 SF

      8501 Latham St

      WAREHOUSE, STORAGE • 140,657 SF
      8501 Latham St, Tolleson, AZ 85353-9014
      View Details
    • Value Estimation by Request
      102,695 SF

      2150 91St Ave

      Life science properties • 102,695 SF
      2150 91St Ave, Tolleson, AZ 85353
      View Details
    • Value Estimation by Request
      7,000 SF

      8224 Sherman St

      WAREHOUSE, STORAGE • 7,000 SF
      8224 Sherman St, Tolleson, AZ 85353-3310
      View Details
    • Value Estimation
      $2,355,000
      13,836 SF

      8331 Sherman St

      WAREHOUSE, STORAGE • 13,836 SF
      8331 Sherman St, Tolleson, AZ 85353-3305
      View Details
    • Value Estimation
      $1,050,000
      164,210 SF

      8590 Buckeye Rd

      WAREHOUSE, STORAGE • 164,210 SF
      8590 Buckeye Rd, Tolleson, AZ 85353-9262
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      104,636 SF

      Industrial Buildings Delivering Q4 2025

      Two industrial buildings totaling 104,636 SF, delivering Q4 2025.
      SW 83Rd Ave, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      322,070 SF

      Tolleson Industrial Property For Sale

      100% leased industrial property with I-10 access.
      7980 W Buckeye Rd, Tolleson, AZ 85353
      View Details
    • Contact for pricing

      Interstate 10 Freeway Frontage Land

      Land for sale with frontage on Interstate 10 Freeway.
      1102 N 85Th Ave, Tolleson, AZ 85353
      View Details
    • Contact for pricing

      Land For Sale Tolleson, AZ

      Land available for sale in Tolleson, Arizona.
      2801 S 107Th Ave, Tolleson, AZ 85353
      View Details
    • $2,640,000

      Land Parcel Near Planned Developments

      Land available near master-planned communities and future highway.
      4025 S Avondale Blvd, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      8.58 Acres

      Avondale Commercial Land - 8.58 Acres

      Prime Retail Pads, C-2 Zoning, High Traffic
      0 Nec Of Avondale Blvd & Lower Buckeye Rd, Avondale, AZ 85353
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,847 SF

      Warehouse/Showroom/Office/Industrial Project

      Three-building project with warehouse, showroom, office, and industrial spaces for rent.
      10297 W Van Buren St, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      95,232 SF

      Industrial Warehouse with Secured Yard

      95,232 SF warehouse with secured truck yard for lease.
      101St Ave, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      224,874 SF

      Majestic Tolleson Center Freestanding Building

      Freestanding warehouse/distribution building in Tolleson.
      8711 W Jefferson St, Tolleson, AZ 85353
      View Details
    • Contact for pricing
      127,185 SF

      Tolleson Industrial Space For Lease

      Modern warehouse & office suites, flexible terms.
      120 83Rd Ave, Tolleson, AZ 85353
      View Details
    • $14,025,000
      85,000 SF

      Tolleson Warehouse with Yard Storage

      Warehouse space with ESFR sprinkler system and yard storage.
      700 S 94Th Ave, Tolleson, AZ 85353
      View Details
    • $13 SF/Yr
      2,277 SF

      Industrial Suite Available For Lease

      2,277 SF industrial suite with offices and warehouse space.
      9950 W Van Buren St, Tolleson, AZ 85353
      View Details
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    355 83rd Ave
    Tolleson, AZ 85353-3308
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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