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Property profile & analytics
OFF-MARKET
Estimated value
$10,935,000
Warehouses
4950 Thomas Rd Phoenix, AZ 85018-7807
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2532852
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
CONCRETE
Total area
25,249 SF
Lot
1.1 ac (47,976 SF)
Zoning code
PUD
APN
128-15-129
UPID
US07-2532852
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
-
StorAmerica Self Storage Storage Facility
-
Big Green Zero Engineering Consultant
-
M & T Merchant Services Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.05M
Blend (final)
Blend
$10.94M
Owner & transaction history
Maricopa Cnty Muni Water Conse · 8 yrs held
Maricopa Cnty Muni Water Conse
since 2018
4 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
Commercial (general)
$17.6M
+168.3%
Restaurant
$13.5M
+105.8%
Auto repair, garage
$10.7M
+62.8%
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
COMMERCIAL (GENERAL)
$17,585,000
Change: +168% · Conversion: Difficult
RESTAURANT
$13,485,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,670,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$10,225,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$7,525,000
Change: +15% · Conversion: Moderate
MEDICAL BUILDING
$6,700,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$10.94M
Range $9.84M – $12.03M · ±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
$433 / 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
$81,238
Tax year 2023
Assessed value
$1,436,441
Assessed 2024
Previous assessed
$1,241,085
+15.7% YoY
Effective rate
5.66%
On assessed value
Land market value
$1,163,400
Improvement market value
$7,542,300
Total market value
$8,705,700
Applied tax rate
481,300.0000
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
2017
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
25,249 SF
Lot
1.1 ac (47,976 SF)
Zoning code
PUD
APN
128-15-129
UPID
US07-2532852
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
COMMERCIAL (GENERAL)
Est. value
$17.6M
RESTAURANT
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$10.7M
OFFICE BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2017
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
1.1 ac
Current owner
From public records · entity-resolved
Maricopa Cnty Muni Water Conse
Individual
Free & Clear · 8 yrs held
Mailing address
2024 BUSINESS CTR DR #100, IRVINE, CA 92612-1102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jan 3, 2022
—
Gsc Thomas LP
—
Deed
related
$13,100,000 · Bank Of The West
Jul 18, 2018
—
Maricopa Cnty Muni Water Conse
Trust No 8712
Grant Deed
related
—
Jan 25, 2018
$15,750,000
Gsc Thomas LP
Westport Thomas Rd Self St
Grant Deed
$12,400,000 · Orix Re Holdings LLC
Mar 30, 2016
$690,000
Westoort Thomas Rd Self Sto
Marusiak Properties LLC
Warranty 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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