New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Industrial properties
5631 24th St, Phoenix, AZ 85040-3605
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1530899
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1988
Construction
CONCRETE
Total area
14,000 SF
Lot
0.97 ac (42,414 SF)
Zoning code
IND.PK.
APN
122-53-031
UPID
US07-1530899
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
-
Sterling Mobile Services- Barcode Scanner Repairs, Sales, Rentals, Buy Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$3.25M
Owner & transaction history
Jephson Properties LLC · 7 yrs held
Jephson Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
IND.PK. · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.2M
+21.3%
Warehouse, storage
$3.8M
+9.6%
Medical building
$3.7M
+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)
$3,440,000
Current use
RETAIL STORES
$4,170,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,770,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$3,715,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±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
$232 / 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
$24,237
Tax year 2023
Assessed value
$330,941
Assessed 2024
Previous assessed
$259,624
+27.5% YoY
Effective rate
7.32%
On assessed value
Land market value
$410,700
Improvement market value
$1,595,000
Total market value
$2,005,700
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,000 SF
Lot
0.97 ac (42,414 SF)
Zoning code
IND.PK.
APN
122-53-031
UPID
US07-1530899
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
$4.2M
WAREHOUSE, STORAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.7M
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Jephson Properties LLC
Entity
Mailing address
5631 S 24TH ST, PHOENIX, AZ 85040-3605
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2021
—
Jephson Properties LLC
—
Deed
related
$1,440,000 · Midfirst Bank
Dec 18, 2018
$1,325,000
Jephson Properties LLC
Mw Building LLC
Warranty Deed
$1,020,000 · Wells Fargo Bank NA
Sep 15, 2006
$1,210,430
Mw Building LLC
Ferris Holdings LLC
Special Warranty Deed
$1,089,300 · M & I Marshall & Ilsley Bank
Aug 14, 2000
—
Ferris Holdings LLC
Performance Funding INC
Grant Deed
related
$1,017,900 · First Capital Bank Arizona
Nov 2, 1998
—
Performance Funding LLC
J-1 Holdings LLC
Quit Claim Deed
related
—
May 21, 1998
—
J-i Holdings LLC
Hamler,jerome C
Grant Deed
related
$650,000 · Investments Operations
Nov 20, 1991
$170,000
Jerome Hamler
Rtc
Grant Deed
$150,000 · Rio Salado Bank
Aug 27, 1991
$560,000
Valley National
Trustee
Grant Deed
—
Nov 10, 1987
$169,656
Kilgore Ltd Deve
South
Grant Deed
—
—
—
Jerome C Hamler
—
Deed Of Trust
related
$150,000 · Biltmore Investors Bank
—
—
Jerome C Hamler
—
Deed Of Trust
related
$250,000 · Valley Commerce Bank
—
—
Jerome C Hamler
—
Deed Of Trust
related
$317,000
—
—
Mw Building LLC
—
Loan Modification
related
$225,000 · Bmo Harris Bk NA
—
—
Mw Building LLC
—
Loan Modification
related
$250,000 · 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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