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Property profile & analytics
OFF-MARKET
Estimated value
$30,700,000
Showrooms
4625 45th Ave, Phoenix, AZ 85031-1505
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-1128849
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2000
Construction
CONCRETE
Total area
244,673 SF
Lot
13.12 ac (571,554 SF)
Zoning code
A-1
APN
145-25-050
UPID
US07-1128849
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
-
Freeport Logistics Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$30.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.70M
Owner & transaction history
Mdh F2 Phx North 45th Ave LLC · 2 yrs held
Mdh F2 Phx North 45th Ave LLC
since 2024
Last sale
$30.7M
4 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$30,700,000
ML approach
$30,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$30.70M
Range $27.63M – $33.77M · ±10% · vs last sale $30.70M (Apr 11 2024)
Last sale anchor
$30.70M
Apr 11 2024
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
$125 / 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
$229,894
Tax year 2023
Assessed value
$4,156,482
Assessed 2024
Previous assessed
$4,156,482
+0.0% YoY
Effective rate
5.53%
On assessed value
Land market value
$1,612,100
Improvement market value
$23,578,700
Total market value
$25,190,800
Applied tax rate
681,300.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
244,673 SF
Lot
13.12 ac (571,554 SF)
Zoning code
A-1
APN
145-25-050
UPID
US07-1128849
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.
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
13.12 ac
Current owner
From public records · entity-resolved
Mdh F2 Phx North 45th Ave LLC
Entity
Free & Clear · 2 yrs held
Mailing address
280 INTERSTATE N CIR SE STE #350, ATLANTA, GA 30339-2460
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
—
Mdh F2 Phx North 45th Ave LLC
—
Deed
related
$128,000,000 · Acp III Mortgage LLC
Jun 18, 2024
—
Mdh F2 Phx North 45th Ave LLC
—
Deed
related
$162,000,000 · Capital One Bank NA
Apr 11, 2024
$30,700,000
Mdh F2 Phx North 45th Ave LLC
Dct North 45th Avenue LLC
Special Warranty Deed
—
Jul 1, 2011
$8,200,000
Dct North 45th Avenue LLC
Ski Phoenix Dev Co 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.
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