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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Industrial properties
4801 35th St, Phoenix, AZ 85040-2821
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-0408119
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1975
Construction
CONCRETE
Total area
13,727 SF
Lot
1 ac (43,734 SF)
Zoning code
IND.PK.
APN
122-72-011C
UPID
US07-0408119
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
-
Whitley Machine Industrial Manufacturer
-
EDM Tech Production Facility Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$3.02M
Owner & transaction history
Iacona Properties LLC · 10 yrs held
Iacona Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
IND.PK. · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.1M
+21.3%
Warehouse, storage
$3.7M
+9.6%
Medical building
$3.6M
+8.0%
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
INDUSTRIAL (GENERAL)
$3,375,000
Current use
RETAIL STORES
$4,090,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,695,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$3,645,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±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
$220 / 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
$22,948
Tax year 2023
Assessed value
$307,280
Assessed 2024
Previous assessed
$254,796
+20.6% YoY
Effective rate
7.47%
On assessed value
Land market value
$364,800
Improvement market value
$1,497,500
Total market value
$1,862,300
Applied tax rate
661,300.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
13,727 SF
Lot
1 ac (43,734 SF)
Zoning code
IND.PK.
APN
122-72-011C
UPID
US07-0408119
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Phoenix, AZ
Zoning IND.PK. · permitted uses
IND.PK. · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Iacona Properties LLC
Entity
Mailing address
4801 S 35TH ST, PHOENIX, AZ 85040-2821
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2016
—
Lacona Properties LLC
—
Deed
related
$5,681,250 · The Foothills Bank
Apr 1, 2016
—
Iacona Properties LLC
Colton,cathy A
Quit Claim Deed
related
—
Jun 5, 2013
$10,000
Iacona Properties LLC
Colton,dan
Grant Deed
—
Jan 3, 2007
—
Colton,dan
State Of Arizona
Quit Claim Deed
related
—
Apr 19, 2006
—
State Of Arizona
Treasurer Of Maricopa County
Trustees Deed
related
—
Apr 14, 2004
—
Iacona Properties LLC
Iacona,fernando R
Quit Claim Deed
related
—
Jun 10, 2002
$977,630
Ferando Iacona
Highland/avenue Industrial LLC
Grant Deed
$928,750 · Highland/avenue Industrial LLC
Sep 28, 2001
—
E & V Investments LLC
Ancona,vito & Providenza E
Grant Deed
related
—
Feb 3, 1994
$425,000
Ancona,vito & Provyidenza E
Lane Trust
Trustees Deed
$330,000 · Seller Carry Back
Feb 3, 1994
—
Ancona,vito & Provyidenza E
Natl Sanitary Su
Trustees Deed
related
—
Feb 21, 1989
—
Thomas Lane
Unknown
Grant Deed
related
—
Jun 15, 1988
$26,625
Thomas Lane
—
Deed Of Trust
related
—
—
—
Iacona,fernando R & Patricia
—
Loan Modification
related
$437,876 · Bmo Harris Bk NA
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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