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Property profile & analytics
FOR LEASE
Distribution centers
601 S 55Th Ave Phoenix, AZ 85043
Entity Owned
Free & Clear
Property ID
US07-1350119
For Lease
1 / 2
$27,020,000
601 S 55Th Ave, Phoenix, AZ 85043
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1986
Construction
CONCRETE
Total area
99,408 SF
Lot
4.78 ac (208,391 SF)
Zoning code
A-2
APN
104-20-026C
UPID
US07-1350119
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$37.13M
Blend (final)
Blend
$27.02M
Owner & transaction history
601 South 55th Ave Owner LLC
601 South 55th Ave Owner LLC
since 2025
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
A-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$42.0M
+28.9%
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
WAREHOUSE, STORAGE
$32,585,000
Current use
AUTO REPAIR, GARAGE
$42,005,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$29,830,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$29,620,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$26,385,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$27.02M
Range $24.32M – $29.72M · ±10% · vs last sale $16.53M (Jun 12 2025)
Last sale anchor
$16.53M
Jun 12 2025
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
$272 / 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
$89,777
Tax year 2023
Assessed value
$1,675,080
Assessed 2024
Previous assessed
$1,466,964
+14.2% YoY
Effective rate
5.36%
On assessed value
Land market value
$1,131,700
Improvement market value
$9,020,300
Total market value
$10,152,000
Applied tax rate
21,300.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
99,408 SF
Lot
4.78 ac (208,391 SF)
Zoning code
A-2
APN
104-20-026C
UPID
US07-1350119
Jurisdiction
MARICOPA
Zoning & alternative use
A-2 · Phoenix, AZ
Zoning A-2 · permitted uses
A-2 · 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
WAREHOUSE, STORAGE Current
Est. value
$32.6M
AUTO REPAIR, GARAGE
Est. value
$42.0M
OFFICE BUILDING
Est. value
$29.8M
RETAIL STORES
Est. value
$29.6M
MEDICAL BUILDING
Est. value
$26.4M
WAREHOUSE, STORAGE Current
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.78 ac
Current owner
From public records · entity-resolved
601 South 55th Ave Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 460169, HOUSTON, TX 77056-8169
Ownership since
2025
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 12, 2025
$16,525,000
601 South 55th Ave Owner LLC
Icon Owner Pool 1 West Southwest Ll
Special Warranty Deed
—
Oct 1, 2021
—
Icon Owner Pool 1 West Southwest Ll
—
Deed
related
—
Oct 1, 2019
—
Icon Owner Pool 1 West Southwest Ll
—
Deed
related
—
Mar 9, 2015
$6,429,217
Icon Owner Pool 1 West Of Sout
Bre Of Dp Az LLC
Grant Deed
—
Jun 26, 2012
$5,300,000
Bre Of Dp Az LLC
Rph Industrial LLC
Grant Deed
—
Sep 15, 2003
—
Rph Industrial LLC
Bobot Industrial Properties LP
Grant Deed
$171,000,000 · Archon Financial LP
Mar 27, 1997
$2,376,000
Cp Reprop Phoenix IV Corp
Rreef West Vi Two INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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