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Property profile & analytics
OFF-MARKET
Estimated value
$44,730,000
Flex space
4602 Elwood St Phoenix, AZ 85043-6000
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US07-1297546
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Construction
CONCRETE
Total area
113,212 SF
Lot
32.75 ac (1,426,472 SF)
Zoning code
A-1
APN
104-43-004B
UPID
US07-1297546
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
-
Stay Off the Roof Landscaping
-
FMC Freight Service Logistics Company
-
QuaLED Lighting LLC Interior Design
-
Technology Design Associates Home Appliance Store IT Consulting Firm
-
Tower Engineering Professionals Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$44.85M
Blend (final)
Blend
$44.73M
Owner & transaction history
Burlingame Industries INC · 21 yrs held
Burlingame Industries INC
since 2005
7 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$60.5M
+142.7%
Auto repair, garage
$47.8M
+92.1%
Warehouse, storage
$37.1M
+49.0%
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
RESTAURANT
$60,455,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$47,840,000
Change: +92% · Conversion: Easy
WAREHOUSE, STORAGE
$37,110,000
Change: +49% · Conversion: Easy
OFFICE BUILDING
$33,975,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$33,735,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$30,050,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$44.73M
Range $40.26M – $49.20M · ±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
$395 / 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
$403,322
Tax year 2023
Assessed value
$7,322,420
Assessed 2024
Previous assessed
$6,235,260
+17.4% YoY
Effective rate
5.51%
On assessed value
Land market value
$6,129,900
Improvement market value
$38,248,400
Total market value
$44,378,300
Applied tax rate
21,300.0000
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
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
8
Stories
1
Units
6
Total area
113,212 SF
Lot
32.75 ac (1,426,472 SF)
Zoning code
A-1
APN
104-43-004B
UPID
US07-1297546
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZ
Zoning A-1 · permitted uses
A-1 · 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
RESTAURANT
Est. value
$60.5M
AUTO REPAIR, GARAGE
Est. value
$47.8M
WAREHOUSE, STORAGE
Est. value
$37.1M
OFFICE BUILDING
Est. value
$34.0M
RETAIL STORES
Est. value
$33.7M
MEDICAL BUILDING
Est. value
$30.1M
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL 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
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
8
Units
6
Lot
32.75 ac
Current owner
From public records · entity-resolved
Burlingame Industries INC
Entity
Mailing address
3546 N RIVERSIDE AVE, RIALTO, CA 92377-3802
Ownership since
2005
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
Jun 29, 2006
—
Burlingame Industries INC
—
Deed Of Trust
related
$12,150,000 · Comerica Bank
Nov 30, 2005
—
Burlingame Industries INC
—
Deed Of Trust
related
$4,950,000 · Comerica Bank
Sep 9, 2005
—
Bedford Property Investors INC
—
Deed Of Trust
related
$150,000,000 · Bank Of America
Feb 8, 2005
—
Burlingame Industries INC
Burlingame Industries INC
Quit Claim Deed
related
—
—
—
Burlingame Industries INC
—
Loan Modification
related
$11,500,000 · Comerica Bank
—
—
Burlingame Industries INC
—
Deed Of Trust
related
—
—
—
Burlingame Industries INC
—
Deed Of Trust
related
$902,800 · Comerica Bank
—
—
Burlingame Industries INC
—
Deed Of Trust
related
—
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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