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Property profile & analytics
OFF-MARKET
Estimated value
$19,705,000
Warehouses
4423 24th St Phoenix, AZ 85016-5518
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-0058085
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
CONCRETE
Total area
76,342 SF
Lot
1.04 ac (45,281 SF)
Zoning code
PUD
APN
163-07-087
UPID
US07-0058085
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.98M
Blend (final)
Blend
$19.71M
Owner & transaction history
Ps Mountain West LLC · 7 yrs held
Ps Mountain West LLC
since 2019
6 recorded transactions
Zoning & alternative use
PUD · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Unit Development is intended to create a built environment that is superior to that produced by conventional zoning districts and design guidelines
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
17,457.92 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$32.3M
+62.8%
Retail stores
$21.1M
+6.7%
Medical building
$20.3M
+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
$19,815,000
Current use
AUTO REPAIR, GARAGE
$32,260,000
Change: +63% · Conversion: Easy
RETAIL STORES
$21,145,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$20,265,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$19,845,000
Change: +0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,430,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$19.71M
Range $17.73M – $21.68M · ±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
$258 / 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
$143,805
Tax year 2023
Assessed value
$1,672,448
Assessed 2024
Previous assessed
$1,307,096
+28.0% YoY
Effective rate
8.60%
On assessed value
Land market value
$1,682,500
Improvement market value
$8,453,547
Total market value
$10,136,047
Applied tax rate
381,300.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Units
2
Total area
76,342 SF
Lot
1.04 ac (45,281 SF)
Zoning code
PUD
APN
163-07-087
UPID
US07-0058085
Jurisdiction
MARICOPA
Zoning & alternative use
PUD · Phoenix, AZZoning PUD · permitted uses
PUD · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Unit Development is intended to create a built environment that is superior to that produced by conventional zoning districts and design guidelines
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
17,457.92 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$19.8M
AUTO REPAIR, GARAGE
Est. value
$32.3M
RETAIL STORES
Est. value
$21.1M
MEDICAL BUILDING
Est. value
$20.3M
OFFICE BUILDING
Est. value
$19.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
2018
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
2
Lot
1.04 ac
Current owner
From public records · entity-resolved
Ps Mountain West LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
Ownership since
2019
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
Jun 4, 2019
$13,800,000
Ps Mountain West LLC
Wdp Biltmore Storage LLC
Grant Deed
—
Dec 7, 2016
—
Wdp Biltmore Storage LLC
—
Trustees Deed
related
$4,840,000 · Firstbank
Jul 22, 2016
$1,750,000
Wdp Biltmore Storage LLC
Ew Investments-24th Street
Grant Deed
—
Jun 19, 2006
$1,550,000
Ew Investments-24th Street LLC
24th Street Partners LLC
Grant Deed
$620,000 · Western National Bank
Apr 29, 2005
$900,000
24th Street Partners LLC
Interchurch Center Corp
Warranty Deed
$745,000 · Irwin Union Bank Fsb
May 13, 1987
$1,175,000
Interchurch Cent
Krame
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.
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