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Property profile & analytics
OFF-MARKET
Estimated value
$60,545,000
Refrigerated & Cold Storage
400 99th Ave, Tolleson, AZ 85353-9704
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-2324974
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1993
Construction
CONCRETE
Total area
172,710 SF
Lot
83.11 ac (3,620,424 SF)
Zoning code
I-1
APN
101-12-633
UPID
US07-2324974
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
-
Albertsons/Safeway Distribution Center Warehouse & Storage
-
World Super Services Inc Moving Company
-
Alberson Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$61.79M
Blend (final)
Blend
$60.55M
Owner & transaction history
Clnec Nnn Alberts Az LLC · 7 yrs held
Clnec Nnn Alberts Az LLC
since 2018
2 recorded transactions
Zoning & alternative use
I-1 · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$98.5M
+178.6%
Auto repair, garage
$76.7M
+117.0%
Retail stores
$58.1M
+64.4%
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 Tolleson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tolleson 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
RESTAURANT
$98,465,000
Change: +179% · Conversion: Difficult
AUTO REPAIR, GARAGE
$76,685,000
Change: +117% · Conversion: Easy
RETAIL STORES
$58,100,000
Change: +64% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$54,545,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$43,975,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$41,305,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$60.55M
Range $54.49M – $66.60M · ±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
$351 / 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
$1,955,635
Tax year 2023
Assessed value
$18,317,855
Assessed 2024
Previous assessed
$15,785,503
+16.0% YoY
Effective rate
10.68%
On assessed value
Land market value
$16,363,000
Improvement market value
$94,654,300
Total market value
$111,017,300
Applied tax rate
171,700.0000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
10
Stories
1
Units
10
Total area
172,710 SF
Lot
83.11 ac (3,620,424 SF)
Zoning code
I-1
APN
101-12-633
UPID
US07-2324974
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tolleson, AZ
Zoning I-1 · permitted uses
I-1 · Tolleson, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tolleson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$98.5M
AUTO REPAIR, GARAGE
Est. value
$76.7M
RETAIL STORES
Est. value
$58.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$54.5M
MEDICAL BUILDING
Est. value
$44.0M
OFFICE BUILDING
Est. value
$41.3M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1993
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
10
Units
10
Lot
83.11 ac
Current owner
From public records · entity-resolved
Clnec Nnn Alberts Az LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2018
$83,021,252
Clnec Nnn Alberts Az LLC
Abs Sw Investor LLC
Special Warranty Deed
$105,000,000 · Deutsche Bank National Trust Co
Jul 21, 2006
$22,400,000
Abs Sw Investor LLC
Albertsons LLC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
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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