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Property profile & analytics
OFF-MARKET
Estimated value
$7,320,000
Flex space
4220 Opportunity Way Phoenix, AZ 85086-1484
Entity Owned
22-yr Hold
Free & Clear
Property ID
US07-0043280
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2005
Construction
CONCRETE
Total area
21,965 SF
Lot
1.58 ac (69,002 SF)
Zoning code
CP/GCP
APN
203-03-018
UPID
US07-0043280
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
-
Desert Wolf Tours Tour Operator (Bike/Boat/Book/etc) Store
-
Kommander Industries (Bike/Boat/Book/etc) Store
-
Michele Celentano Portrait Photographer Photography Service (Bike/Boat/Book/etc) Store
-
PMA School Portrait Photography (Bike/Boat/Book/etc) Store Photography Service
-
Jenn Schaeffer - Headshot & Portrait Photographer Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.36M
Blend (final)
Blend
$7.32M
Owner & transaction history
S E T-anthem LLC · 22 yrs held
S E T-anthem LLC
since 2004
2 recorded transactions
Zoning & alternative use
CP/GCP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The most flexible option provides for a broad range of manufacturing, warehousing, distribution and supportive retail sales and services
Zone name
General Commerce Park
General category
INDUSTRIAL
Zone area
2,738.84 ac
Source
Realmo
Top alternative use upside
Restaurant
$11.7M
+142.7%
Auto repair, garage
$9.3M
+92.1%
Retail stores
$6.5M
+35.5%
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
INDUSTRIAL (GENERAL)
$4,830,000
Current use
RESTAURANT
$11,730,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,280,000
Change: +92% · Conversion: Easy
RETAIL STORES
$6,545,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$5,830,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,700,000
Change: +18% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,590,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$7.32M
Range $6.59M – $8.05M · ±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
$333 / 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
$30,265
Tax year 2023
Assessed value
$625,779
Assessed 2024
Previous assessed
$459,561
+36.2% YoY
Effective rate
4.84%
On assessed value
Land market value
$539,800
Improvement market value
$3,252,800
Total market value
$3,792,600
Applied tax rate
971,300.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
21,965 SF
Lot
1.58 ac (69,002 SF)
Zoning code
CP/GCP
APN
203-03-018
UPID
US07-0043280
Jurisdiction
MARICOPA
Zoning & alternative use
CP/GCP · Phoenix, AZZoning CP/GCP · permitted uses
CP/GCP · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The most flexible option provides for a broad range of manufacturing, warehousing, distribution and supportive retail sales and services
Zone name
General Commerce Park
General category
INDUSTRIAL
Zone area
2,738.84 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.8M
RESTAURANT
Est. value
$11.7M
AUTO REPAIR, GARAGE
Est. value
$9.3M
RETAIL STORES
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1.58 ac
Current owner
From public records · entity-resolved
S E T-anthem LLC
Entity
Free & Clear · 22 yrs held
Mailing address
6201 E HUMMINGBIRD LN, PARADISE VALLEY, AZ 85253-3652
Ownership since
2004
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
Feb 5, 2004
—
S E T-anthem LLC
E & T LLP
Grant Deed
related
—
Dec 29, 2003
$344,120
E LLP
Anthem Arizona LLC
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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