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Property profile & analytics
OFF-MARKET
Estimated value
$9,980,000
Office buildings
651 91st Ave Tolleson, AZ 85353-9393
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2676126
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
CONCRETE
Total area
19,004 SF
Lot
91.53 ac (3,987,085 SF)
Zoning code
PAD
APN
101-12-632A
UPID
US07-2676126
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
-
JBS Beef Plant Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.95M
Blend (final)
Blend
$9.98M
Owner & transaction history
Costco Wholesale Corporation · 1 yrs held
Costco Wholesale Corporation
since 2025
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
PAD · Tolleson, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.3M
+235.6%
Restaurant
$10.8M
+138.4%
Auto repair, garage
$8.4M
+85.7%
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 Tolleson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tolleson 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)
$15,250,000
Change: +236% · Conversion: Easy
RESTAURANT
$10,835,000
Change: +138% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,440,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$6,395,000
Change: +41% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,000,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$9.98M
Range $8.98M – $10.98M · ±10% · vs last sale $10.00M (Feb 14 2025)
Last sale anchor
$10.00M
Feb 14 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
$525 / 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
$516,860
Tax year 2023
Assessed value
$7,366,338
Assessed 2024
Previous assessed
$7,366,338
+0.0% YoY
Effective rate
7.02%
On assessed value
Land market value
$19,454,291
Improvement market value
$25,278,613
Total market value
$44,732,904
Applied tax rate
171,700.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Buildings
19
Stories
1
Units
13
Total area
19,004 SF
Lot
91.53 ac (3,987,085 SF)
Zoning code
PAD
APN
101-12-632A
UPID
US07-2676126
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Tolleson, AZ
Zoning PAD · permitted uses
PAD · Tolleson, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tolleson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$15.3M
RESTAURANT
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RETAIL STORES
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
19
Units
13
Lot
91.53 ac
Current owner
From public records · entity-resolved
Costco Wholesale Corporation
Entity
Free & Clear · 1 yrs held
Mailing address
1770 PROMONTORY CIR, GREELEY, CO 80634-9039
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
$10,000,000
Costco Wholesale Corporation
Jbs Tolleson INC
Special Warranty Deed
—
Oct 30, 2019
—
Jbs Tolleson INC
—
Loan Modification
related
$1,900,000,000 · Barclays Bk Plc
Feb 25, 2019
—
Jbs Tolleson INC
—
Deed
related
—
Oct 12, 2018
—
Jbs Tolleson INC
—
Deed
related
—
Sep 21, 2018
—
Larry G Carter
Carter Leslie
Affidavit Of Death
related
—
Jul 30, 2018
—
Jbs Tolleson INC
—
Deed
related
—
Jul 28, 2017
—
Jbs Tolleson INC
—
Deed
related
—
May 3, 2017
$5,646
Maricopa County
Sun Land Beef Co
Warranty Deed
—
—
—
Jbs Tolleson INC
—
Loan Modification
related
$500,000,000 · Chase Bk/md
—
—
Jbs Tolleson INC
—
Loan Modification
related
—
—
—
Jbs Tolleson INC
—
Loan Modification
related
—
—
—
Jbs Tolleson INC
—
Loan Modification
related
$1,200,000,000 · Jp Morgan Chase Bk
—
—
Jbs Tolleson INC
—
Loan Modification
related
—
—
—
Jbs Tolleson INC
—
Loan Modification
related
—
—
—
Jbs Tolleson INC
—
Loan Modification
related
—
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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