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Property profile & analytics
OFF-MARKET
Estimated value
$8,125,000
Distribution centers
3840 Indian School Rd Phoenix, AZ 85019-3508
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-0350046
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1974
Construction
CONCRETE
Total area
26,620 SF
Lot
2.11 ac (91,926 SF)
Zoning code
A-2
APN
107-12-043
UPID
US07-0350046
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
-
Larry harkins serving Fairway Auto Repair/ Auto Repair Shop
-
Taquería El Compadre (LA CARRETA) Restaurant
-
Brincabrincas El Pariente LLC. Party Supply Store Rental Equipment Company
-
Arizona Foam Foam Rubber Supplier
-
Tacos Beltran Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.24M
Blend (final)
Blend
$8.13M
Owner & transaction history
Chavez Properties LLC · 12 yrs held
Chavez Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.3M
+62.8%
Retail stores
$7.9M
+14.8%
Medical building
$7.1M
+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
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
$6,910,000
Current use
AUTO REPAIR, GARAGE
$11,250,000
Change: +63% · Conversion: Easy
RETAIL STORES
$7,930,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$7,065,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,775,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$8.13M
Range $7.31M – $8.94M · ±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
$305 / 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
$42,063
Tax year 2023
Assessed value
$689,799
Assessed 2024
Previous assessed
$622,642
+10.8% YoY
Effective rate
6.10%
On assessed value
Land market value
$710,300
Improvement market value
$3,470,300
Total market value
$4,180,600
Applied tax rate
681,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1974
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
26,620 SF
Lot
2.11 ac (91,926 SF)
Zoning code
A-2
APN
107-12-043
UPID
US07-0350046
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning A-2 · permitted uses
A-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
$6.9M
AUTO REPAIR, GARAGE
Est. value
$11.3M
RETAIL STORES
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1974
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
2.11 ac
Current owner
From public records · entity-resolved
Chavez Properties LLC
Entity
Mailing address
2252 GRAND AVE, PHOENIX, AZ 85009-2824
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2013
$1,097,461
Chavez Properties LLC
Le Phoung,t
Warranty Deed
$550,000 · Bank Of America
Aug 29, 2013
—
Phuong T Le
Le Nhut,t
Quit Claim Deed
related
—
Sep 7, 2004
—
Nhut T Le
Lefamily Dollar Wholesale LLC
Warranty Deed
related
—
Dec 23, 2002
$1,400,000
Le Family Dollar Wholesale LLC
Wattis,rodney W
Grant Deed
$1,000,000 · Wattis Trust
Dec 23, 2002
—
Rodney W Wattis
Wattis,tr
Quit Claim Deed
related
—
Sep 6, 2000
$1,010,000
Wattis Trust
Industrial Holdings LLC
Grant Deed
—
Sep 30, 1999
$900,000
Industrial Holdings LLC
Copenhagen Imports INC
Grant Deed
related
$750,000 · Seller
—
—
Chavez Properties LLC
—
Deed Of Trust
related
$550,000 · Bank Of America
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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