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Property profile & analytics
OFF-MARKET
Flex space
4820 Mcdowell Rd Phoenix, AZ 85008-7712
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1752982
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1981
Construction
CONCRETE
Total area
6,000 SF
Lot
9.13 ac (397,881 SF)
Zoning code
IND.PK.
APN
126-19-116
UPID
US07-1752982
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
-
Prova Salon Studios Hair Salon Nail Salon
-
Dr. James D. Gadd, MD Physician
-
Alicia Tahir Derm & Body LLC (Bike/Boat/Book/etc) Store Cosmetic Store
-
Arizona Actors Academy Theater & Performing Art Venue Vocational School
-
Wildwest Waxing Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nicola 1forty3 LP · 5 yrs held
Nicola 1forty3 LP
since 2021
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
IND.PK. · Phoenix, AZ
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$110,230
Tax year 2023
Assessed value
$1,852,026
Assessed 2024
Previous assessed
$1,329,621
+39.3% YoY
Effective rate
5.95%
On assessed value
Land market value
$3,422,600
Improvement market value
$7,801,800
Total market value
$11,224,400
Applied tax rate
311,300.0000
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
1981
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
8
Stories
1
Units
8
Total area
6,000 SF
Lot
9.13 ac (397,881 SF)
Zoning code
IND.PK.
APN
126-19-116
UPID
US07-1752982
Jurisdiction
MARICOPA
Zoning & alternative use
IND.PK. · Phoenix, AZZoning 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
Source
Public/Zoning (MapServer)
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
8
Units
8
Lot
9.13 ac
Current owner
From public records · entity-resolved
Nicola 1forty3 LP
Entity
Mailing address
1508 W BROADWAY FL 5TH XX
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
—
Nicola Iforty 3 LP
—
Deed
related
$23,000,000 · Voya Investment Management LLC
Jun 30, 2021
$14,462,500
Nicola 1forty3 LP
Arcadia Corporate Park Phoenix LLC
Warranty Deed
—
May 2, 2018
—
Arcadia Corporate Park Phoenix LLC
—
Deed
related
$5,300,000 · Sunwest Bank
Jul 26, 2016
$7,525,000
Arcadia Corp Park Phoenix L
Presson Advisory LLC
Grant Deed
$6,130,000 · * Other Institutional Lenders
Apr 25, 2007
—
Presson Advisory LLC
Presson Advisory LLC
Quit Claim Deed
related
—
Aug 31, 2005
$10,100,000
Presson Advisory LLC
Kbc-eastside
Grant Deed
related
$9,690,000 · J P Morgan Chase Bank
—
—
Presson Advisory LLC
—
Deed Of Trust
related
$7,000,000 · Canada Life Insurance Co Ameri
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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