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Property profile & analytics
FOR LEASE
Distribution centers
4135 E Cotton Center Blvd Phoenix, AZ 85040
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1162282
For Lease
1 / 3
Contact for pricing
4135 E Cotton Center Blvd, Phoenix, AZ 85040
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Construction
CONCRETE
Total area
93,254 SF
Lot
5.24 ac (228,115 SF)
Zoning code
CP/BP
APN
123-06-088
UPID
US07-1162282
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
-
La-Z-Boy Service & Clearance Center Building Supply Hardware & Home Improvement
-
Ebco Inc. Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.43M
Blend (final)
Blend
$27.80M
Owner & transaction history
Exeter 4135 East Cotton LLC · 7 yrs held
Exeter 4135 East Cotton LLC
since 2018
6 recorded transactions
Zoning & alternative use
CP/BP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone option allows permits assembly, warehousing and shipping activities along with retail services selected to support these broader activities.
Zone name
Commerce And Business Park
General category
COMMERCIAL
Zone area
1,619.98 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$39.4M
+56.9%
Retail stores
$27.8M
+10.7%
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
$25,110,000
Current use
AUTO REPAIR, GARAGE
$39,405,000
Change: +57% · Conversion: Easy
RETAIL STORES
$27,790,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$24,755,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$23,735,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$27.80M
Range $25.02M – $30.57M · ±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
$298 / 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
$167,986
Tax year 2023
Assessed value
$2,905,749
Assessed 2024
Previous assessed
$2,391,594
+21.5% YoY
Effective rate
5.78%
On assessed value
Land market value
$2,291,500
Improvement market value
$15,319,100
Total market value
$17,610,600
Applied tax rate
31,300.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
93,254 SF
Lot
5.24 ac (228,115 SF)
Zoning code
CP/BP
APN
123-06-088
UPID
US07-1162282
Jurisdiction
MARICOPA
Zoning & alternative use
CP/BP · Phoenix, AZZoning CP/BP · permitted uses
CP/BP · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone option allows permits assembly, warehousing and shipping activities along with retail services selected to support these broader activities.
Zone name
Commerce And Business Park
General category
COMMERCIAL
Zone area
1,619.98 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$25.1M
AUTO REPAIR, GARAGE
Est. value
$39.4M
RETAIL STORES
Est. value
$27.8M
MEDICAL BUILDING
Est. value
$24.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.7M
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
5.24 ac
Current owner
From public records · entity-resolved
Exeter 4135 East Cotton LLC
Entity
Mailing address
5 RADNOR CORPORATE CTR STE #250, RADNOR, PA 19087-4542
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
4135 East Cotton Owner LLC
—
Deed
related
$500,000,000 · Bank Of America NA
Mar 12, 2019
—
Exeter 4135 East Cotton LLC
—
Deed
related
$80,500,000 · Miscellaneous Ins Co
Dec 31, 2018
$10,800
Exeter 4135 East Cotton LLC
Stag Phoenix LLC
Grant Deed
—
Jun 29, 2015
$9,500,000
Stag Phoenix LLC
E & R Bell Road LLC
Grant Deed
—
Nov 30, 2005
$6,690,000
E&r Bell Road LLC
James M Chamberlain
Special Warranty Deed
$4,000,000 · Thrivent Financial For Lutherans
—
—
Exeter 4135 East Cotton LLC
—
Deed Of Trust
related
$80,500,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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